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 Warns of Advisors Duping Investors With Fake Credentials
By Melanie WaddellThe SEC warned investors Wednesday to perform thorough background checks and brought two actions against advisors for falsifying credentials.
June 02, 2015
Warren says SEC chair White’s tenure ‘extremely disappointing’White has failed to address conflict-of-interest concerns related to her husbands work as an attorney, Warren wrote.
June 01, 2015
The SEC ‘Hasn't Been Doing Its Job for a Long Time’: Brian HamburgerIn a wide-ranging session at the Envestnet Advisor Summit in Chicago in early May, MarketCounsel's Brian Hamburger argued that one of the main regulatory and compliance issues facing advisors is the regulators themselves.
June 01, 2015
SEC Charges Advisor With Bilking Retired Teachers, Police Chief, PastorThe Miami-based advisor of the Sterling Investment Fund must pay more than $748,000 in disgorgement and face criminal charges, the SEC says.
June 01, 2015
FINRA Boosts Asset-Backed Securities Market’s TransparencyBy Dec. 4, asset-backed securities transactions will be available to the public no later than 15 minutes after the trade is executed.
June 01, 2015
SEC Hits Merrill for $11 Million Over Faulty Short-Sale OrdersTwo Merrill entities admitted to using inaccurate, old data when executing short-sale orders for customers.
June 01, 2015
FINRA BrokerCheck Ad Campaign Supported by Huge Fine VolumeFINRA's $3.5 million campaign compares hiring a broker without checking BrokerCheck to other "leap-before-you-look" mistakes.
May 29, 2015
SEC, FINRA Enforcement: Compliance Director Charged With Bilking ClientsThe SEC also charged a New York securities lawyer with running pump-and-dump schemes out of his office.