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 busts variable annuity scam targeting terminally ill
By Melanie WaddellTwo brokers, an advisory firm and several others conducted an elaborate death benefits scam, a regulator says.
March 13, 2014
SEC Enforcement: Goldman’s ‘Fabulous Fab’ Ordered to Pay More Than $825,000In other financial enforcement news, two brothers charged by the SEC with insider trading last June were found guilty by a jury.
March 13, 2014
SEC Busts Variable Annuity Scam Targeting Terminally IllBrokers and an advisory firm used variable annuities with death benefits to cash in on patients' demise, SEC says.
March 13, 2014
SEC’s Gallagher: Fiduciary rule likely not comingBorzi got support on moving forward with the DOL fiduciary redraft, but economic analysis will determine the SEC version's fate.
March 12, 2014
SEC’s Gallagher: Fiduciary Rule Likely Not ComingPhyllis Borzi calls DOL's fiduciary redraft "No. 1 priority"; SEC Commissioner Daniel Gallagher adamant that the commission lacks the votes to make a rule.
March 12, 2014
FINRA Fines Triad, Securities America $1.2MSupervisory failures at the two Ladenburg Thalmann-owned IBDs led to customer reports that had false information and concealed misconduct, FINRA says.
March 11, 2014
IBD Regulation: Broken Windows, Broken SystemWeve already seen the impact of the broken window approach, with minor offenses treated as major offenses and major ones as potential career enders.
March 11, 2014
6 Bitcoin Risks for Investors: FINRAFINRA on Tuesday warned investors of the top six reasons why buying and using a digital currency such as bitcoin can be risky.