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's Clayton Says Sales Contests Must Die
By Melanie Waddell"Main Street investors have no tolerance for certain questionable sales practices such as high-pressure, product-based sales contests," Clayton said Wednesday.
August 21, 2018
SEC Charges Unregistered Brokers in Sales of Bankrupt Woodbridge SecuritiesUnregistered brokers pitched investors via TV, radio ads and at a "conservative retirement and income planning class."
August 21, 2018
Merrill Hit With $8.9M SEC Fine Over Conflicts of InterestMerrill failed to disclose "its own business interests in deciding whether certain products should remain available to investment advisory clients," said SEC's Berger.
August 20, 2018
BD Hit With $5.5M Fine Over Short SalesFINRA says Interactive Brokers "internally identified the problems, yet did not revise its supervisory systems for more than three years."
August 20, 2018
SEC Forces Cities to Reveal Wall Street Loans With Holdings SurgingMunicipal bond issuers will have to disclose bank loans, privately placed debt, loan defaults and changes to financial covenants within 10 business days.
August 17, 2018
Trump Wants SEC to Study Ending Quarterly EarningsThe CEO who urged the president to look into 6-month reporting is PepsiCo's Indra Nooyi.
August 16, 2018
Galvin Charges BD With Making Short-Term Trades to Boost Commissions: EnforcementAlso, a pyramid scheme promoter targeting Latinos agreed to pay more than $1 million to the SEC.
August 16, 2018
Citigroup's Rogue Traders Fuel $10.5M SEC PenaltySEC's Berger said, "Citigroup fell short of its obligations ... to guard against fraud."