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.
The Bizarre Recruiting Case of Alfonso Montoya
By Jane Wollman RusoffA $150 million book of business Wells Fargo promised him never materialized and then the wirehouse took him to arbitration.
October 09, 2014
SEC Slaps E*Trade for Unregistered Transactions, Issues Risk AlertSEC says that brokerage subsidiaries of E*Trade engaged in unregistered sales of micro-cap stocks; also issues Risk Alert reminding BDs of unregistered transaction duties.
October 09, 2014
SEC Panel Backs Broader Definition of Accredited InvestorInvestor committee recommends ways SEC can modernize definition for buyers of Reg D offerings; Chairwoman White vows to make real progress.
October 09, 2014
Lawmaker blasts PPACA tax formsSam Graves calls IRS Form 8965 "lengthy, complex and confusing to tax preparers."
October 08, 2014
Ex-Wells Fargo analyst, trader charged with insider tradingTwo charged with insider trading on Pershing Square's Herbalife short, while Massachusetts charges a tax advisor with preying on elderly relatives.
October 07, 2014
IRS Prods Lawmakers to Pass Tax ExtendersSenate Finance Chairman Wyden prodded Congress after the IRS warned that failure to act could disrupt tax filing season.
October 07, 2014
FINRA Arb Panels Lack Diversity, Transparency: PIABA Study"Diverse groups of people make better decisions," the investor lawyers' group says.
October 07, 2014
FINRA’s Senior VP of Enforcement Moves to Shulman RogersEmily Gordy, FINRAs senior VP of enforcement, has joined Shulman Rogers as chairwoman of the firms Financial Industry Regulatory Group.