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.
Brokers Beware: FINRA Warns Member Firms of Impostor Site
By Jeff BermanA fake FINRA website has an extra "n" in its domain name and asks for advisor info, the regulator says.
August 14, 2020
5 Groups That Aren't Thrilled With DOL's Fiduciary RewindLabor's decision to return to the five-part fiduciary test adopted in 1975 has drawn widespread criticism.
August 13, 2020
Morgan Stanley to Pay Over $950K in Restitution, FinesA now ex-advisor "on hundreds of occasions" recommended clients buy and then quickly sell corporate bonds or preferred securities, says FINRA.
August 12, 2020
Broker Impersonated Clients and Supervisor 30 Times: FINRAThe ex-Northwestern Mutual rep was suspended and fined by the regulator for posing as others on phone calls.
August 11, 2020
Securities America's CEO Re-Elected to FINRA BoardJim Nagengast first joined the board in 2018, when he was elected by large firms via a special election.
August 07, 2020
FINRA Suspends Ex-Merrill Rep Who Hid Felony IndictmentThe former broker also was sanctioned by the regulator for alleged unauthorized trading in client accounts.
August 07, 2020
SEC Proposing 'Complete Overhaul' of Fund Disclosures: ReportPossible changes would affect mutual fund and ETF prospectuses, annual reports and advertising.
August 07, 2020
Brace for More SEC Muni Advisor Antifraud ActionsSEC hasn't taken enforcement action against a municipal advisor in over a year, but that situation could change very soon.