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.
SEC Fines Morgan Stanley $3.6M for Failing to Protect Client Funds
By Emily ZulzAccording to the SEC, one of Morgan Stanley's reps misused or misappropriated nearly $7 million from clients.
June 29, 2018
Texas Businessman Used Investor Funds to Pay for Russian Bride Dating Site: EnforcementIn other enforcement actions, the SEC charged a former Equifax manager with insider trading.
June 28, 2018
Coalition Asks RIAs to Tell SEC How They Differ From BrokersKnut Rostad, Michael Kitces, Geoffrey Brown and others are speaking out ahead of the Aug. 7 deadline for comments.
June 27, 2018
SEC Advice Proposals Take Center StageSEC chief Clayton lays out how brokers' behavior will change for investors while industry officials debate "fiduciary" status of Reg BI.
June 27, 2018
FINRA Revs Up CRD, BrokerCheck OverhaulThe BD regulator's heightened review of brokers' backgrounds kicks in this month.
June 27, 2018
Trump's IRS Nominee to Face Questions on Management ExperienceCharles Rettig has spent decades helping wealthy people fight the agency's efforts to collect taxes.
June 26, 2018
Morgan Stanley Names Former SEC Chair Shapiro to BoardThe former regulator is also on the boards of CVS, London Stock Exchange and GM.
June 25, 2018
SEC Releases Another Updated FAQ on Custody RuleCipperman urges SEC to stop issuing custody rule FAQs and rewrite the rule instead.