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.
BD to Pay $1.5M Over Excessive Trading by Reps: FINRA
By Melanie WaddellWestern International Securities allowed excessive trading by four representatives that resulted in $2.5 million in trading costs.
July 30, 2024
Ameriprise and Wells Fargo Sued Over Low Interest on Client CashThe lawsuits follow similar client complaints against LPL Financial and Morgan Stanley.
July 30, 2024
What the New Emergency Retirement-Distribution Draft Guidance Means for AnnuitiesThe latest IRS draft guidelines includes two new ways for clients to tap their nest eggs under the Secure 2.0 Act.
July 29, 2024
SEC Hits Firm With $85K Reg BI FineLifeMark Securities and a registered rep must each pay fines and return some funds to a semi-retired client.
July 29, 2024
Second Court Halts New Fiduciary Rule, as DOL Hits BackAnother court in Texas has issued a decision to halt the rule's Sept. 23 implementation date.
July 29, 2024
Trump Pledges to Fire Gensler, Hire People Who 'Love' CryptoThe politician said he would fire the SEC chair and pick crypto-friendly regulators if he returns to the White House.
July 26, 2024
DOL Fiduciary Rule Halted by Texas CourtThe delay of the Sept. 23 effective date kicks off a "long litigation journey," an ERISA lawyer says.
July 26, 2024
Morgan Stanley Rep Fined for Making Unauthorized Trades, Texting ClientThe firm has agreed to pay more than $15 million in arbitration cases tied to the rep's conduct.