Federal Regulation
Get the latest news and insights on regulatory developments affecting financial advisors and the stock market and trading, including news about the SEC, DOL, IRS and the Financial Industry Regulatory Authority.
SEC Commish Peirce's Renomination Sent to Senate
By Melanie WaddellThe White House still has not nominated a replacement for former Democratic commissioner Robert Jackson.
June 05, 2020
Ex-Cetera Rep's Suspension Is Reminder: Brokers Work for Clients, Not In-LawsFINRA suspends and fines a former broker who moved money based on instructions from a client's son-in-law.
June 04, 2020
Merrill Repaid $7M to Fund Investors for OverchargesThe firm failed to ensure that clients received sales charge and fee waivers they were entitled to, FINRA says.
June 03, 2020
Ex-LPL Rep Suspended Over Unapproved Email AccountsThe former broker said he didn't use the unapproved system to communicate with LPL clients.
May 29, 2020
Human Capital: IAA's Neil Simon on Top Issues Percolating at SEC, the HillSimon also talks about IAA's push to restore and expand the deductibility of fees on financial planning advice.
May 28, 2020
Stifel to Pay $3.6M Over UIT RolloversThe Stifel news comes five months after Oppenheimer said it would pay $4.7 million for similar issues.
May 28, 2020
FINRA Suspends Ex-Ameriprise Rep for Selling Shares in Friend's Firm to ClientsFormer broker invested about $550,000 of clients' money in his friend's energy firm, regulator says.
May 27, 2020
IRS Floats Plan to Update Withholding Rules for Annuity PaymentsThe 2020 default rate of withholding on periodic payments will continue to be based on treating the taxpayer as a married individual.