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 Plans New Rules for Bad Brokers
By Melanie WaddellHow to deal with firms and brokers with a lot of black marks on their records has occupied a lot of FINRA board and policy discussions.
March 18, 2019
SEC Using 'Best Interest' as a 'Marketing Slogan': Phyllis BorziBorzi minces no words about the rule — and tells ThinkAdvisor about a run-in with a very angry broker.
March 15, 2019
How a Securities Fraud Case Uncovered the College Admissions ScamA Yale alumnus charged in a pump-and-dump scheme told authorities about the biggest university admissions scandal in U.S. history.
March 15, 2019
Do Not Trust Your Compliance Consultant's Legal AdviceA consultant's advice on a complex legal issue, like charging fees for advising a family member, should not be trusted.
March 15, 2019
Treasury Repeals Nearly 300 Tax Regulations in 'Deadwood' DumpTreasury Secretary Mnuchin said the regs "serve no useful purpose to taxpayers."
March 15, 2019
SEC Halts 'Money Doctor' Radio Host's Ponzi Scheme: EnforcementAlso, Wedbush Securities was fined for failure to supervise a rep who was running a pump-and-dump scheme.
March 14, 2019
SEC Reg BI's Economic Analysis Too Weak, Will Face Legal Challenges: SEC's JacksonIf the analysis "is not up to snuff, you're basically giving the market a call option" to strike down the rule, Jackson said.
March 14, 2019
IRS Relief for Tax Underpayment: Bloink & Byrnes Go Thumb to ThumbBecause of the huge tax law change, the IRS is providing penalty relief to taxpayers who underpaid during 2018--but is it too much?