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 Slams Ex-Ameriprise Rep Who Misappropriated Client's Funds
By Jeff BermanThe broker was terminated after allegedly converting more than $42,000 of an elderly client's funds for his own use.
April 29, 2020
Feds to Pause Many Benefits Action Periods Till After Outbreak Period EndsThe COBRA election period will end 120 days after the COVID-19 national emergency ends, EBSA says.
April 29, 2020
FINRA Panel Awards $11.4M After First Arb Hearing via ZoomWunderlich Securities was ordered to pay Dominick & Dickerman and an exec at the investment firm.
April 29, 2020
Groups File Petition to End SEC Crackdown on 12b-1 Fees"It is time for the SEC to stop its troubling, ongoing trend of backdoor regulation," said FSI's Dale Brown.
April 28, 2020
IRS Improves 'Get My Payment' ToolUsers can now enter direct deposit info; a Spanish version will follow in a few weeks.
April 28, 2020
SEC Brings First Fraud Charges Related to COVID-19Praxsyn Corp. falsely advertised that it had a large number of N95 masks, the SEC said.
April 27, 2020
FINRA, NASAA to Launch Online Testing ServicePrometric, which administers FINRA exams, will supervise exams via the computer camera and other web tools.
April 27, 2020
RBC to Pay $3.9M for Share Class ViolationsThe firm failed to disclose potential conflicts of interest when recommending mutual fund share classes, the SEC said.