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.
Barred CCO Had 'Complete Lack of Qualifications' for the Job
By Melanie WaddellA federal judge says the CCO acted recklessly and helped a Chicago-area firm commingle funds.
February 12, 2020
FINRA Bars Broker Tied to Woodbridge Ponzi SchemeA Forest Securities rep sold more than $3 million in notes related to a $1.2 billion Ponzi scheme.
February 12, 2020
IRS Shows How the TCJA Life Policy Sale Tax Rules Might Really WorkOne sample shows a consumer's taxable income from a policy sale going to zero, from $19,750.
February 12, 2020
FINRA Seeks to Close '$1 Expungement Case' LoopholeThe regulator would charge a minimum filing fee for expungement cases. But industry attorneys aren't impressed.
February 11, 2020
IRS Floats Updates to Income Tax Withholding RulesThe proposed regulations reflect changes tied to the 2017 tax overhaul and other legislation.
February 11, 2020
Comment 'Pawns' Helped Kill DOL Fiduciary Rule: House Hearing WitnessA House subcommittee is looking for ways to flush fakes out of public comments.
February 10, 2020
FINRA Issues RMD Alert on Secure Act ChangesThe updated investor alert explains some "tricky" new requirements, specifically if a variable annuity is held in an IRA.
February 07, 2020
Ex-Rep for Morgan Stanley, Wells Fargo Sentenced to 30 Months for FraudThe former broker had pleaded guilty to swindling clients out of more than $1.6 million.