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.
Morgan Stanley to Pay $875K Fine for Bad Trade Data
By Jeff BermanThe firm submitted "at least 869 inaccurate blue sheets," according to FINRA.
July 08, 2020
Securities America's Nagengast Renominated to FINRA BoardNagengast, president and CEO of Securities America, has been nominated to serve a second term.
July 07, 2020
This Threat Scares Investors More Than the IRS: Lincoln FinancialInvestors also have another fear that you may have an easy time blowing away.
July 06, 2020
FINRA Slaps Cadaret Grant With $200K Fine Over Ex-Rep's 'Ponzi Scheme'The broker-dealer "failed to reasonably supervise" a broker's many undisclosed securities transactions, the regulator says.
July 02, 2020
Ex-LPL Rep Suspended by FINRA Over Unapproved Soccer Team InvestmentsThe former LPL broker solicited investors for private securities transactions, then tried to hide it from the firm, regulator claims.
July 02, 2020
FINRA Suspends Another Ex-First Standard RepThe former broker of the shuttered BD gets an 11-month suspension for excessive trading.
July 02, 2020
How Supreme Court Ruling on Disgorgement Will Affect AdvisorsThe recent decision in Liu v. SEC should have a modest impact on how the disgorgement remedy operates in the investment advisor space.
July 01, 2020
FINRA Suspends Ex-Cetera Rep Over Unauthorized Trucking InvestmentThe broker violated FINRA rules by participating in a $30,000 private securities investment without notifying the firm.