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.
14 New Weaknesses Discovered in IRS' Security Control Systems: GAO
By Melanie Waddell"Weaknesses like these place IRS' systems and data at risk," GAO said.
July 17, 2019
HSA Plans Can Offer No-Deductible Blood Pressure Monitors: IRSThe IRS will also let HDHPs put other chronic care products and services in the preventive care package.
July 17, 2019
Will Acting Labor Secretary Pizzella Greenlight a Fiduciary Rule?A rule release by Labor now hinges on "how much authority is Pizzella going to feel that he has," said Joshua Lichtenstein, partner at Ropes & Gray.
July 17, 2019
FINRA Settles With 56 BDs, Gets $89M in Restitution Under Mutual Fund Fee InitiativeThe multi-year effort's goal was obtaining "restitution for mutual fund investors who were not afforded the sales charge waivers they were entitled to," FINRA said.
July 16, 2019
FINRA Hits Woodbury With Fine Over Annuity-Related FailuresFirm's weak system for dealing with additions to existing VAs affected more than 3,800 transactions, FINRA says.
July 16, 2019
CFP Board Extends Compliance Date for New Ethics StandardsAligning the enforcement date with that of the SEC's Regulation Best Interest is "helpful" to CFP professionals given the "significant overlap in the two sets of standards," said CFP Board Chair Susan John.
July 15, 2019
SEC, NASAA Share Guidance on Opportunity Zone FundsThe joint summary explains the compliance implications for qualified opportunity funds under federal and state securities laws.
July 12, 2019
Cetera BD to Drop FINRA RegistrationSummit Brokerage, with about 450 advisors and $17.5 billion in assets, should soon become part of Cetera Advisor Networks.