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.
Ameriprise Sues Ex-Broker Over $748K FINRA Arb Award
By Jeff BermanThe rep was terminated by the firm in 2018 has yet to repay his promissory notes, the firm says in the lawsuit.
July 13, 2020
Ex-DeVere CEO, Manager Fined for Misleading ClientsThey made "material misstatements and omissions" about the benefits of overseas pension transfers, the SEC says.
July 13, 2020
App Developer Agrees to Pay $150K Over Security-Based SwapsCalifornia firm Abra and affiliated Philippines company Plutus weren't registered and used a blockchain instead of an exchange, SEC says.
July 13, 2020
Ex-Merrill Broker Denied Early Prison ReleaseThe broker, convicted of securities fraud, had requested release on the grounds of his health issues and COVID-19 concerns.
July 10, 2020
Senate Panel to Hold SEC Nomination Hearing for Peirce, CrenshawPeirce would get a second term as commissioner; Crenshaw would take Jackson's seat.
July 10, 2020
SEC Move Could Cause 90% Drop in Investment Managers Reporting Quarterly HoldingsBy not considering how "the world has changed" since '75, the SEC is "plucking out blocks from a Jenga tower," said a securities law professor.
July 10, 2020
Reg BI Has Kicked In. Here's What FINRA ExpectsFINRA will institute a "good-faith" effort during exams, but Reg BI's principles-based approach leaves open questions.
July 09, 2020
FINRA Bars Ex-J.P. Morgan Rep Who Thumbed Her Nose at ProbeThe former broker allegedly used her personal email and phone to communicate with clients.