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.
Nationwide settles claim it manipulated fund orders for 15 years
By Doni BloomfieldNationwide agreed to pay $8 million to end the case, the U.S. Securities and Exchange Commission said Thursday.
May 14, 2015
New Hire Roundup: SEC Names Grim Director of Investment ManagementMeanwhile, Merrill has created a retirement income and investment team and a Mercatus fellow has been named chief economist for House Financial Services.
May 13, 2015
IRS sets 2016 HSA limitsThe IRS quietly announced that it is raising the maximum allowable contribution to an HSA but only for families.
May 13, 2015
Top GOP Senators Press DOL to Extend Fiduciary Comment PeriodMajority Leader Mitch McConnell and HELP Committee leader Lamar Alexander were among those sending the letter asking for a 45-day extension.
May 13, 2015
Morgan Stanley Fined $2 Million Over Short-Sale ReportingBillions of shares in positions weren't fully disclosed over a six-year period, according to FINRA.
May 12, 2015
FINRA Doubles Length of Suitability Suspensions, Toughens Fraud SanctionsFINRA says it will be tougher on those committing fraud or making unsuitable recommendations and will increase suspensions for breaking suitability rules.
May 12, 2015
Nobody’s Worried About ‘Too Big to Jail’ AnymoreA criminal guilty plea no longer comes with the expectation that it will destroy a bank.
May 12, 2015
FINRA Arb Panel Grants $500K to Ex-Morgan Stanley RepThe advisor, now with FiNet, said the firm had pushed him out and tainted his reputation.