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.
Advisors Who Took PPP Loans May Face SEC Scrutiny
By Clifford Kirsch, Issa Hanna and Bria AdamsAn advisory firm certifying that it needs financial assistance to continue operating is likely to raise regulators' eyebrows.
July 21, 2020
Former RIA Firm's Co-Founder Arrested, Charged in 'Ponzi-Like Scheme'The SEC also filed a complaint against the International Investment Group exec, claiming he "orchestrated multiple frauds" against investors.
July 20, 2020
Former Morgan Stanley Advisor Pleads Guilty to $6M FraudThe former rep will pay $4.4 million and could spend 20 years in prison, the Justice Department says.
July 17, 2020
Ex-Cetera Rep Suspended for Not Disclosing $217K JudgmentThe former broker "willfully" failed to amend his U4 form after a judge ordered him to repay a promissory note, FINRA says.
July 17, 2020
Ex-Wells Fargo FiNet Rep Suspended for Altering Docs, Using Private EmailThe then-advisor had clients sign incomplete documents so he could "fill in missing information," FINRA says.
July 17, 2020
Why Compliance Officers Have Even More to Worry AboutOne case has gone to an appeals court to get relief from FINRA and SEC decisions against a broker-dealer CCO.
July 16, 2020
FINRA May Modify Rulebook, Supervision in Light of VirusFINRA is considering the regulatory implications of a wave of brokers continuing remote work after the pandemic.
July 16, 2020
SEC, IRS Get Budget BoostsThe IRS plans to increase enforcement and taxpayer services.