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’s Broker Bonus Rule Seen as ‘Done Deal’ With SIFMA OK
By Melanie WaddellSecurities lawyer Patrick Burns told AdvisorOne that with SIFMA's support, the proposals chances of becoming a new rule seem to be a done deal.
March 05, 2013
The Client Newsletter: Canned or Customized?The client newsletter costs money and time to produce, but fail to put it out and you have dispensed with a valuable communication tool.
March 05, 2013
NASAA to Push SEC User Fees, ‘Stay On Guard’ Against FINRA SROChief among state securities regulators legislative agenda this year will be pushing SEC user fees, not a FINRA SRO, to better regulate advisors, NASAA President Heath Abshure said Tuesday.
March 04, 2013
SEC Finds Significant Custody ViolationsThe SEC issued Monday a risk alert on compliance with its custody rule for investment advisors as well as an investor bulletin about the rule.
March 04, 2013
FINRA fines Ameriprise $750,000The fine relates to a prior enforcement action FINRA levied against a former Ameriprise registered representative.
March 04, 2013
FINRA fines Ameriprise $750,000The fine relates to a prior enforcement action FINRA levied against a former Ameriprise registered representative.
March 04, 2013
SEC issues public comment request on fiduciary ruleNearly a year after saying it would, the SEC on Friday published its request for public comment on its rule to put brokers under a fiduciary mandate.
March 04, 2013
FINRA Slaps Ameriprise for Rep’s Wire Transfer FraudFINRA said Ameriprise and its clearing firm missed several red flags, including transfers to accounts in the broker's name.