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.
As SEC Onsite Exams Hit Fever Pitch, Here's What RIAs Need to Know
By Melanie WaddellTo prepare, firms should review their compliance programs and conduct mock SEC interviews with key staff.
August 01, 2024
2 Big IRA Rollover Mistakes to Avoid: Ed SlottDirect transfers from account to account help clients skip mandatory withholding, the retirement expert says.
August 01, 2024
BD to Pay $1.5M Over Excessive Trading by Reps: FINRAWestern International Securities allowed excessive trading by four representatives that resulted in $2.5 million in trading costs.
July 31, 2024
Pershing Hit With $1.4M Fine Over Bad Interest Rate DataOne million account statements and trade confirmations had inaccurate interest rate information for some securities, FINRA said.
July 31, 2024
Firm Violated Reg BI With Risky Options Strategy: SECWestern International Securities was fined $140,000 for letting a former rep day trade options in clients' accounts.
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What the New Emergency Retirement-Distribution Draft Guidance Means for AnnuitiesThe latest IRS draft guidelines includes two new ways for clients to tap their nest eggs under the Secure 2.0 Act.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.