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.
DOL rule basics: An 8-step compliance guide [infographic]
By Warren S. HerschWith just 5 months to go before the fiduciary rule kicks in, advisors will need to familiarize themselves with steps of the process needed to be DOL-compliant.
November 04, 2016
Commonwealth CEO: ‘Unlimited Liability’ Led to Dropping Commission ProductsCEO Wayne Bloom lays out the IBDs response to the DOLs fiduciary stew, including maintaining payouts.
November 04, 2016
FINRA Reviews Cross-Selling by 207 Ex-Advisors at Wells FargoAs senators press for action, the regulatory group says it is checking documents tied to firing or discharge of bank employees.
November 04, 2016
Enforcement: Galvin Charges Man in ‘Textbook Ponzi Scheme’In other news, CFP Board suspends an advisors CFP certification and auditors face charges from SEC.
November 03, 2016
Senators Challenge Wells Fargo Over Fired EmployeesFINRA records show that some bank staff were let go as early as 2011, raising more questions about its response to the fraud.
November 03, 2016
Wells Fargo Facing SEC Probe That Could Focus on DisclosuresCompany reveals agencys investigation in quarterly filing; regulators seek information tied to account scandal, bank says.
November 03, 2016
DOL Rule, Election Weigh on Financial Advisors: Fidelity SurveyBesides political and regulatory developments, advisors surveyed were also increasingly focused on interest rates.
November 02, 2016
FINRA Nails Cetera, Voya & 6 Others Over VA SalesFirms hit with $6.2M in fines for supervisory failures related to variable annuity L-shares.