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.
FINRA Suspends Broker Who Sold Woodbridge Notes
By Jeff BermanAn 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 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.
November 12, 2019
FINRA Plans Reg BI 'Preparedness' ExamsThe regulator will assess firms' Reg BI compliance status as the deadline approaches.
November 08, 2019
IRS Posts Annuity Fee Letter RulingsThe rulings will help fee-based advisors keep fee payments out of annuity-owning clients' taxable income.
November 08, 2019
Supreme Court to Consider SEC Disgorgement LimitsWhether the SEC has the authority to seek disgorgement in federal court will have a huge impact on the industry.