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 Hits Ameriprise Over Theft by Reps
By Emily ZulzAccording to the SEC, five Ameriprise reps stole more than $1 million in retail client funds.
August 14, 2018
SEC Reg BI Must Include Rollovers: MorningstarThe final Reg BI "should specifically identify broker/dealers' responsibilities when recommending a rollover," said Morningstar policy director Szapiro.
August 09, 2018
SEC Charges Ex-UBS Broker With Bilking 15 Clients: EnforcementThe broker knew much of the money was earmarked for clients' retirement and college expenses, the SEC said.
August 09, 2018
SEC Reg BI vs. Suitability: Here's the Difference, According to FINRA's CookSEC's advice proposals extend in "certain significant areas" the requirements for broker-dealers, Cook told senators.
August 09, 2018
Number of BDs, Reps Drops for Second Straight Year, New FINRA Report SaysSmall BDs "struggle with keeping up with burdensome FINRA requirements," recruiter Jon Henschen said.
August 09, 2018
SEC Review of Musk Tesla Tweets Likely to Focus on Truthfulness: ReportRegulator queries company on messages' accuracy, according to a report; agency's rules allow for announcements using social media.
August 09, 2018
Cryptocurrency Crash Hits a New LowDigital assets have lost about $600 billion since January peak; SEC's postponed decision on Bitcoin-backed ETF inspired the latest downturn.
August 08, 2018
IRS Targets Loopholes for Business-Owner Tax BreakTreasury officials say the "crack and pack" technique is abusive.