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.
FINRA Legal Chief Clarifies Suitability Rule Status After Reg BI
By Melanie WaddellFINRA is also mulling getting rid of manual signatures, Chief Legal Officer Robert Colby says.
May 18, 2020
FINRA Gives Warning on Oil-Linked ETPsThe watchdog said these products should not be sold by or to someone who doesn't understand their inherent risks.
May 15, 2020
Human Capital: Ex-SEC Lawyer Lundy Warns of Sweep of Advisor PPP LoansLundy, based in Chicago, co-leads Faegre Drinker's Reg BI Compliance team as well as internal investigations.
May 15, 2020
TD Ameritrade Exec: Advisory Fee Tax Deduction Needed More Than EverSkip Schweiss also discussed the SEC Advertising Rule and gave a warning about Reg BI compliance.
May 15, 2020
SEC Fines Morningstar $3.5M for Conflict of Interest ViolationsThe firm says it has "enhanced and will further strengthen policies, procedures, and internal controls."
May 14, 2020
FINRA Fines Merrill $150K for Allowing Unregistered Exec to Be PrincipalThe individual was managing firm's prime brokerage business in violation of FINRA rules, the regulator says.
May 14, 2020
SEC Launches PPP Loan Sweep of Public CompaniesThough the enforcement probe is focused on public firms, advisors could be questioned on PPP loans in their next exam, a lawyer says.
May 13, 2020
SEC Orders Ponzi Schemers to Pay $2.8MAt least 55 investors – mostly seniors and small business owners – were targeted in scheme, regulator says.