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.
FINRA responds to study finding holes in BrokerCheck
By Melanie WaddellPIABA says BrokerCheck hides data available from the states, but FINRA says it has to be fair.
March 06, 2014
FINRA’s BrokerCheck ‘Hides’ Criminal Records, Has Other Holes, Study SaysPIABA study says extent of omitted red flag information is so serious that unwitting investors could hire brokers with criminal records.
March 06, 2014
Advisor Groups ‘Working Hard’ to Get Senate User Fees BillAdvisor groups lobby for bipartisan Senate bill as House bill languishes and FINRA remains committed to gaining oversight of advisors.
March 05, 2014
SEC Levies Largest Short Selling SanctionA Long Island-based proprietary trading firm and its owner have agreed to pay $7.2 million for Rule 105 short selling violations.
March 05, 2014
SEC gets 26% funding boost under Obama’s 2015 budgetSEC wants to use funds to add 316 examiners, 240 devoted solely to advisors.
March 05, 2014
FINRA backs off collecting personal data in CARDS planThe Financial Services Institute applauds the move but still has concerns about the CARDS plan.
March 04, 2014
SEC Gets 26% Funding Boost Under Obama’s 2015 BudgetChief White praised the plan, but IAA's David Tittsworth said coming midterm election make the budget even more irrelevant than in most other years.
March 04, 2014
FINRA Backs Off Collecting Personal Data in CARDS PlanSubmission of information will not include individual account names, addresses or tax identification numbers.