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.
Ex-NFL Player Found Guilty of Defrauding Investors in Second Trial
By Jeff BermanThe former Philadelphia Eagles linebacker's first conviction, with a 40-year prison sentence, was vacated on appeal and remanded to a lower court.
November 15, 2019
FINRA Suspends Broker Who Sold Woodbridge NotesAn advisor has a nine-month suspension, must pay a $5,000 fine and return some $33,000 in commissions and interest over unapproved sales tied to a $1.2 billion Ponzi scheme.
November 15, 2019
Hearsay Systems Launches New Compliance Consulting ArmHearsay Compliance Advisory Services aims to help financial services firms comply with rules like Reg BI and FINRA's new advertising rule.
November 14, 2019
FINRA Suspends Advisor Who Hid $50K Private PlacementThe broker also has been slapped with $5,000 fine; he admitted asking the client to reach him via a personal email address after the sale.
November 14, 2019
Human Capital: Compliance Guru Todd Cipperman Breaks Down SEC's New Ad RuleIn Episode #4 of our podcast, we talk with Cipperman, a go-to expert on all things compliance-related for advisors.
November 12, 2019
FINRA Floats Limit on Brokers as BeneficiariesUnder the proposed rule, such arrangements would have to be approved by the firm, said FINRA's Cook.
November 12, 2019
SEC Charges New York Advisor With Running Investment Club Ponzi SchemeThe scheme involved high-yield notes issued through a group called Amongst Friends, the SEC said.
November 12, 2019
SEC's Variable Annuity Prospectus Rule Likely by AprilThe VA summary prospectus has been long awaited.