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, DOL Enforcement: Fiduciaries Fined $4.7M Over Fake Health Plan
By Marlene Y. SatterAlso, co-owners of Reliance Financial Advisors charged with making false statements to clients investing in a risky hedge fund.
December 11, 2014
Fines R Us: FINRA Hits 10 Banks for $43M Over Toys R Us IPOThe firms, including Citigroup, Credit Suisse and Goldman, offered favorable research to win investment banking business.
December 11, 2014
Morgan Stanley Pays $4M to SEC Over Market Access ViolationsMorgan Stanley allowed a rogue trader to engage in fraudulent trading of Apple stock and lose $5.3 million, the SEC said.
December 10, 2014
More Advisor Audits Needed—Only Not From SEC: Pitt, SchweissHarvey Pitt and Skip Schweiss agree: it's time to privatize advisor audits.
December 10, 2014
Mark Cuban, Chris Cox Condemn SEC as ‘Rogue’ AgencyFormer SEC chair Chris Cox says "we've got to [stop] people going rogue" in an admission his former agency has exhibited prosecutorial overreach.
December 10, 2014
Lawmakers Push Vote on Spending Bill; SEC Funding BoostedLawmakers avert shutdown with a deal late Tuesday, but critics call it a stealth attack on financial reform.
December 09, 2014
BDs’ Comments Lead FINRA to Update Communication, Gift RulesBDs request further guidance, updates on the two rules; FINRA's retrospective review process is ongoing.
December 08, 2014
SEC Slams Programmer of Virtual Currency-Based Stock ExchangesSEC sanctioned a computer programmer for operating two online venues trading stocks using bitcoin or litecoin without registering them as BDs or stock exchanges.