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 Says Broker Stole From Clients to Pay Mortgage, Credit Cards: Enforcement
By Emily ZulzMeanwhile, a hedge fund manager agreed to pay $4.6 million for failing to enforce policies that prevent insider trading.
August 22, 2017
Advisor Lied to Pro Athlete About ‘VIP’ Fees: SECThe advisor told the athlete and his wife that they were paying a special rate but charged them $1.2 million more than represented, SEC says.
August 22, 2017
Thrivent Fights DOL Fiduciary Rule’s Anti-Arb ClauseThe DOL's statement that it won't enforce the anti-arbitration rules under BICE doesn't address Thrivent's concerns, the insurer's lawyer says.
August 21, 2017
FINRA Nominates Large, Small Firm Members for Disciplinary PanelSEC also approved amendments to FINRA customer and industry arbitration rules.
August 18, 2017
SEC Slams Banca IMI Securities With $35M Fine Over ADRsBrokerage firm "made it possible for such ADRs to be used for inappropriate short selling or inappropriate profiting around dividend record dates," SEC said.
August 16, 2017
SEC Issues More Guidance on Form ADV ChangesIM Division provides guidance on new filing requirement for firms that file an other-than-annual amendment.
August 14, 2017
FINRA Expels Hallmark Investments, Bars CEOThe BD ran a scheme to sell stock to customers at fraudulently inflated prices, FINRA says.
August 11, 2017
Ex-Con, Buddies Duped Investors in $15M Oil Drilling Scheme, SEC SaysThe phony oil drilling investment scheme promised returns as high as 55%.