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 Probes Morgan Stanley, Wells Fargo Over Cash Sweep Accounts
By Dinah Wisenberg BrinThe disclosures come as several firms face lawsuits saying they raked in profits while paying miserly interest rates.
August 06, 2024
BD Fined for WSPs With No Mention of Reg BIJVM Securities' written procedures discussed Reg BI but were not tailored to its business, FINRA said.
August 06, 2024
Morgan Stanley Says SEC Seeks Info On Cash Balance SweepsThe wirehouse has been speaking with the SEC and responding to its requests since April, it disclosed Monday.
August 05, 2024
Social Security Claiming: The Case of the Pension OffsetIn this case study, the wife must contend with two Social Security rules that hit some retirees with pensions.
August 05, 2024
'As an Industry, We Can Do Better' for Clients, RIA Says"Wall Street uses tricks to fool customers," Merrill advisor turned RIA Christopher Manske says.
August 02, 2024
As SEC Onsite Exams Hit Fever Pitch, Here's What RIAs Need to KnowTo prepare, firms should review their compliance programs and conduct mock SEC interviews with key staff.
August 01, 2024
Bill to Expand 403(b) Plan Menus With CITs Lands in SenateThe legislation mirrors popular parts of a broader House bill that passed the lower chamber in March.
August 01, 2024
Dropbox Co-Founder Claims JPMorgan Advisor Cost Him Over $225MArash Ferdowsi alleges that he was steered to unsuitable investments rather than index funds.