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.
IRS Teams With States and Tax Industry to Fight Scams
By John ManganaroThe Coalition Against Scam and Scheme Treats aims to quickly alert the public to new and emerging threats.
August 15, 2024
SEC Accuses Ex-Advisor of $300M Ponzi SchemeRussell Todd Burkhalter bought a luxury lifestyle with funds from over 2,000 investors, the agency alleges.
August 15, 2024
Vanilla Estate Planning Platform Wins Backing From Edward JonesVanilla aims to use the funding to expand its platform, including embedded AI capabilities.
August 14, 2024
SEC Slams LPL, Raymond James & 24 Other Firms With $393M in Off-Channel Messaging FinesAmeriprise, Edward Jones and Osaic were also fined for failing to retain messages sent on unauthorized channels, like WhatsApp.
August 14, 2024
Advisor Accused of Stealing Millions From Widowed Aunt, Former ExecScott Mason and his firm may have misappropriated money from several other investors, the widow's lawyer says.
August 13, 2024
Cadaret Grant to Pay $6M Over Mutual Fund Revenue-Sharing ConflictsThe firm must evaluate whether clients should be moved to an available lower-cost share class or fund.
August 12, 2024
BD to Pay $1.2M to Settle Reporting ChargesThe firm didn't adopt adequate anti-money laundering policies or file one suspicious activity report for three years, the regulator says.
August 12, 2024
Raymond James Nears $50M SEC Settlement Over Texting IssuesThe broker-dealer is one of several firms caught up in the SEC's off-channel communications sweep.