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.
5 Notes About the SEC's New Indexed Annuity Bulletin
By Allison BellOne key point is that even your regulators may be hazy about what exactly it is that you sell.
August 19, 2019
Cantor Fitzgerald, BMO Capital Hit by SEC for Improper Handling of ADRsThe SEC orders find that both Cantor and BMO improperly obtained pre-released ADRs indirectly from other broker-dealers.
August 19, 2019
FINRA Reminds BDs of Municipal Client DutiesFINRA exams have found BDs engaged in investment-related activities with municipal clients without registering as muni advisors.
August 16, 2019
Advisor Charged With Fraud for Investing Client Money in Turkish ScamThe advisor told clients that a woman in Turkey would let him manage a multimillion-dollar estate if he sent her money for legal fees, the SEC said.
August 15, 2019
NJ Broker Found Guilty of Insider TradingJurors found Raymond Pirrello Jr. liable on all five claims.
August 15, 2019
Using Insurance to Help Wealthy Clients 'Disinherit the IRS'Beverly Hills advisor Matthew Celenza tells ThinkAdvisor about his insurance-focused approach, which he's rolling out to other RIAs.
August 14, 2019
Should the SEC Loosen Quarterly Reporting Requirements?A CFA Institute report based on surveys of analysts and portfolio managers opposes the idea.
August 13, 2019
5 IRS Asset-Based Annuity Fee Ruling PossibilitiesOne key point: Great American Life has a letter, too.