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 Continues Crackdown on Mutual Fund Share Classes
By Melanie WaddellSEC is acting against two firms over their use of more expensive Class A shares and 12b-1 fees.
September 07, 2017
State Street to Pay $35M Over Secret Markups, Disclosure Failures: EnforcementIn another action, the SEC charged an investment advisor with stealing more than $1 million to go gambling and pay other expenses.
September 07, 2017
House, Senate Republican Leaders Near ACA Spending FightThe House appropriations bill would de-fund the ACA. The Senate version would keep most ACA funding in place.
September 06, 2017
WFAN Radio Host Craig Carton Arrested in Concert Ticket ScamCarton ran the scam with Joseph Meli, the New York businessman who was charged in another Ponzi scheme involving "Hamilton" tickets, the SEC said.
September 06, 2017
Merrill Exec Gets ‘Cease and Desist’ in Biggest Customer Protection Case EverThe SEC found the executive negligent; Merrill was fined $415 million over leveraged conversion trades involving investors cash.
September 06, 2017
House Passes Bill to Rein In IRS, DOJ Asset ForfeituresCivil asset forfeiture started as a crime-fighting tool but has morphed into a complex process that can unfairly entangle innocent Americans, said Rep. Crowley.
September 01, 2017
Former ‘Myth Busting’ Radio Host Charged With Fraud: EnforcementThe SEC also charged a former financial advisor with defrauding investors and spending their money on herself.
August 31, 2017
SEC Assembles Team to Craft Fiduciary RuleThe SEC has assembled the team of officials who will be instrumental in coordinating a fiduciary rulemaking with the DOL.