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 to Take Up Fiduciary Proposal on April 18
By Melanie WaddellThe agency plans to consider a 'rule to establish a standard of conduct for broker-dealers,' according to a meeting notice.
April 10, 2018
SEC Halts Multimillion-Dollar Ponzi Scheme Targeting SeniorsThe perpetrators used some of the funds for country club memberships, travel and entertainment.
April 09, 2018
IRS Reminds of Filing Deadlines for Foreign AssetsReports for foreign accounts have the same filing deadline as a federal income tax return.
April 06, 2018
SEC Slams PNC, Securities America, Geneos With $15M Fine Over Share Class ViolationsThe three firms put clients into higher-cost mutual fund shares with 12b-1 fees.
April 06, 2018
'Hamilton' Ticket Ponzi Schemer Sentenced to 6 Years in Prison: EnforcementIn another enforcement action, an ex-Philadelphia Eagle was ordered to pay $8 million for defrauding investors including his former coaches.
April 05, 2018
If DOL Drops Fiduciary Rule, Will Clean Shares Fade?Industry concerns and the 5th Circuit decision on the fiduciary rule may slow clean share emergence.
April 05, 2018
FINRA Updates AML Template for Small Broker-DealersThe update reflects small BDs' obligations under FINRA Rule 3310 in light of FinCEN's final rule on Customer Due Diligence Requirements for Financial Institutions.
April 04, 2018
SEC Warns Investors of Impersonators Conducting ScamsInvestor Alert explains that fraudsters, claiming to be SEC employees, want to trick investors into sending them money to reveal sensitive account information.