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 Suspends Ex-LPL Rep Over Risky REIT Investments
By Jeff BermanThe former broker inflated his elderly customers' net worth in REIT applications, the regulator says.
May 07, 2020
SEC Fines Bloomberg Tradebook $5MThe broker misrepresented its order routing practices, the SEC said.
May 07, 2020
Wunderlich Challenges FINRA Arb Award After Zoom HearingArbitrators were "inattentive" during the March 12 virtual hearing, the firm said in a petition to vacate the $11 million award.
May 07, 2020
Treasury, IRS Extend PPP Loan Grace PeriodThe safe harbor repayment date with respect to earlier "economic certifications" made by borrowers has been extended by a week.
May 07, 2020
IRS Reminds Employers of 3 COVID-19 Tax CreditsIRS details which employers are entitled to credits for employee retention as well as paid sick and family leave.
May 06, 2020
Former SEC Commissioner Gallagher to Join RobinhoodGallagher will be chief legal officer for the commission-free trading website.
May 06, 2020
Supreme Court Hears Arguments Over Birth Control Benefits MandateThe chief justice raised concerns about the Trump administration's approach.
May 06, 2020
Rep. Phil Roe Says DOL Should Hold Off on Fiduciary Rule RebootMinimizing rulings during the pandemic "would be a good idea," Roe said.