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.
IRS to Send 12 Teams Out to Audit Micro Captives
By Allison BellThe teams could look at 'several thousand' insurance arrangements.
January 30, 2020
Fight Over SEC Proxy Rule Changes Comes to a HeadAlmost 7,000 commenters have weighed in, mainly against the changes.
January 29, 2020
SEC Says Former Advisor Stole $2.4M From Elderly ClientsThe former dually registered advisor took $1.4 million from advisory clients and another $1 million from brokerage clients, the SEC says.
January 28, 2020
FINRA Suspends 2 Reps Who Blundered With Elderly ClientsOne broker allegedly borrowed $150,000 from a 90-year-old client, while the other made unsuitable investments.
January 28, 2020
Catalyst Capital to Pay $10.5M for Misleading InvestorsThe firm misrepresented risk in a mutual fund, according to the SEC.
January 28, 2020
Ex-Long Island Broker Pleads Guilty in $147M Stock Manipulation ScamOne of 16 defendants in the case admits guilt on several counts.
January 27, 2020
SEC Releases Cybersecurity, Data Loss Best PracticesThe report presents observations from exams; mobile security is a big focus.
January 27, 2020
FINRA Fines Another Ex-First Standard RepThe ex-broker "engaged in quantitatively unsuitable" trading in an elderly client's account, the regulator says.