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 Readies Updates to RIA Ad Rules
By Melanie WaddellThe Advertising Rule "hasn't been significantly amended since 1961 — long before social media," said Investment Adviser Association President & CEO Karen Barr.
October 29, 2019
Scalia Sworn In as New Labor SecretaryAttorneys see a Labor fiduciary rule released any day now and surmise what it may entail.
October 29, 2019
SEC Presses Ahead in 12b-1 Fee CrackdownMeanwhile, FSI says it will continue to push for an end to the SEC initiative.
October 28, 2019
IRS Prepares to Publish TCJA Life Settlement Transaction Reporting RegsThe final rule is set to appear in the Federal Register on Halloween.
October 25, 2019
FINRA Says BDs Must Continue Yearly Compliance MeetingsAfter a retrospective review, the compliance meeting will remain intact.
October 25, 2019
FINRA Slaps RBC With $2.9M FineOver eight years, the firm failed to ensure that investors in ETFs, ETNs and mutual funds received prospectuses.
October 25, 2019
BNP Paribas Hit With $15M FINRA Fine for AML FailuresBNP's AML program did not include any surveillance targeting potential suspicious transactions involving penny stocks, FINRA says.
October 24, 2019
FINRA Suspends a Top Advisor for Cheating on CE CourseworkBruce K. Lee, formerly with Merrill and now with an RIA, had staffers complete his CE training for nearly four years.