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.
Wells Fargo Shares Private Info on 50,000 Clients and Advisors: Report
By Janet LevauxThe data release includes clients' portfolio and asset information, as well as FA compensation and client lists, according to The New York Times.
July 20, 2017
New DOL Rule Changes the Way Annuity Salespeople Do BusinessFeeling lost when you try to read fiduciary rule articles? Here's a look at the basics.
July 17, 2017
FINRA Fines Edward Jones for Supervisory FailuresThe broker-dealer issued some 52 million client reports without required supervision, the regulator says.
July 14, 2017
CMS’ Health Premium Tax Credit Verification Programs Get Failing Grade From IRSCMS can check the accuracy of payments to issuers, and that's about it, officials say.
July 14, 2017
Insider Trader Searched Internet for How to Hide Trades: EnforcementIn other enforcement news, the SEC obtained a judgment and industry bar against retired NBA star Tim Duncan's investment advisor.
July 13, 2017
Fiduciary Debate Rages On as Wagner Pushes DOL Rule AlternativeRep. Ann Wagner says the best interest standard her new bill proposes "applies to both investment and retirement accounts, unlike Labors rule."
July 12, 2017
SEC Charges 13 in Telemarketing Boiler Room Scheme Targeting SeniorsThe cold calling scams used high-pressure sales tactics to bilk more than 100 victims out of more than $10 million.
July 12, 2017
SEC Chief Wants Public Input on a New Fiduciary Rule Before StartingIn his first major speech as chairman, Jay Clayton also suggested easing disclosure requirements for publicly traded companies.