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.
SEC Charges Advisor Who Hosted Radio Show With Fraud
By Melanie WaddellKeith Springer of California hid his disciplinary history and the fact that he was paid to recommend certain investments, the SEC said.
December 18, 2019
How Big Firms, Small Firms Are Preparing SEC's Form CRSAt FINRA's Reg BI event, panelists from Wells Fargo and a small broker-dealer compared their approaches.
December 17, 2019
FINRA, Exchanges Bar Brokerage Firm's Ex-CEO Over Failure to Prevent Market ManipulationLek Securities was also slapped with a $900,000 fine.
December 17, 2019
Hearsay Introduces Automated Compliance Solution for TextingThe company is touting it as the "first and only" solution of its kind.
December 16, 2019
Merrill, Brokers Off the Hook for Foreign Investors' Losses: FINRA PanelTwo claimants deposited a "substantial amount of money" into a Merrill account with access to margin borrowing.
December 16, 2019
FINRA Seeks SEC OK on Rule to Align With Reg BIAnother rule would require BDs with a significant history of misconduct to maintain a segregated account with restricted withdrawals.
December 13, 2019
FINRA Fines Jefferies for Failure to Prevent Market ManipulationThe firm allegedly lacked supervisory procedures and systems to stop more than 150,000 cases of manipulation.
December 13, 2019
The SEC's Whistleblower Bounty Program Needs ReformThe agency expends resources responding to thousands of tips that ultimately have no merit.