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.
RIA to Pay $115K Fine Over Custody Rule Violations
By Melanie WaddellDriftwood Advisors failed to timely distribute audited statements to investors in pooled vehicles it advised, the SEC states.
December 27, 2024
Inflation Spells Significant 2025 Tax AdjustmentsChanges will apply to standard deduction amounts, marginal rates and various credits beginning in tax year 2025.
December 27, 2024
Will the Medicare Plan Market Please Stop Shaking?Amanda Brewton, a distribution and policy veteran, has ideas about how agents can help add stability.
December 27, 2024
Social Security Fairness Act Calls for 2024 Back PaymentsThe bill repealing the controversial Windfall Elimination Provision and Government Pension Offset awaits President Biden's signature.
December 23, 2024
SEC Fines RIA Over Marketing Rule ViolationsAtlas Financial Advisors falsely claimed its Portfolio Shield strategies' hypothetical performance was validated by Morningstar, the regulator says.
December 20, 2024
JPMorgan, BofA and Wells Fargo Sued Over Alleged Zelle FraudFraud complaints weren’t addressed by the banks, with clients largely denied relief, the CFPB says.
December 20, 2024
Edward Jones, Cambridge and Osaic to Pay Clients $8.2M Over Excess FeesThe firms failed to give clients mutual fund sales charge waivers and fee rebates, FINRA says.
December 20, 2024
Wells Fargo and LPL to Pay $1.8M to Settle SEC ChargesEach firm agreed to pay a $900,000 penalty for failing to provide complete and accurate trading information.