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.
Enforcement: Firm Fined in ‘Fantasy Sports for Stocks’ Cellphone Game
By Marlene Y. SatterIn another action, Artis Capital Management and a senior research analyst settled SEC charges for failing to detect insider trading by an employee.
October 13, 2016
Analyst: Brace yourself for a BIG, post-DOL rule revenue dipA new report makes a jaw-dropping forecast: a precipitous, $20 billion dip in industry revenue resulting from the pending phase-in of the Department of Labors fiduciary rule.
October 12, 2016
Deutsche Bank to Pay $9.5M SEC Fine on Research Report FailuresDeutsche Bank Securities agreed to pay a penalty for failing to safeguard material nonpublic information generated by its research analysts.
October 12, 2016
LPL ‘Baggage’ May Block Search for Buyer: Nomura SecuritiesLPL is reportedly looking at a potential sale or other financial arrangements, but analysts say finding a buyer could be a problem.
October 12, 2016
DOL fiduciary rule forces Merrill to drop commission IRAsThe firm explains its strategy for using the BIC exemption after April 2017 when the DOL's fiduciary rule takes effect.
October 12, 2016
DOL fiduciary rule forces Merrill to drop commission IRAsThe firm explains its strategy for using the BIC exemption after April 2017 when the DOL's fiduciary rule takes effect.
October 12, 2016
DOL’s Fiduciary Rule Fuels Tech Trends at ConferencesKey themes at the many industry events this fall included new document management systems to comply with the DOLs new best interest rule.
October 12, 2016
Consequences of CFPB’s Smackdown by CourtThe courts tailored decision could limit any aftershock for future enforcement, but old cases could get a new hearing.