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.
Vanguard to Pay $106M to Settle Charges Over Misleading Statements
By Dinah Wisenberg BrinThe settlement is tied to tax bills some clients received after others switched to lower-cost funds.
January 17, 2025
Wells Fargo, Merrill to Pay $60M Over Cash SweepsClients were pushed into bank sweeps that at times paid far less than other options, the SEC said.
January 16, 2025
Rep Violated Reg BI With Excessive Trading in Older Clients' Accounts: FINRAThe rep was suspended and ordered to pay more than $27,000 in restitution.
January 16, 2025
Capital One Customers Report Missing Direct DepositsCustomers are complaining that expected direct deposits are missing; the bank says it is fixing technical problems.
January 15, 2025
New RIA Platform Promises Better Compliance and Lower Advisor CostsFeatures of RIA Out of the Box include privileged legal services and ongoing startup support.
January 15, 2025
Musk Accused by SEC of Cheating Twitter Investors Out of MillionsThe billionaire cheated Twitter shareholders out of more than $150 million, the SEC alleges.
January 15, 2025
IRS Extends Tax Deadlines for California Wildfire VictimsAffected taxpayers have until Oct. 15 to file various federal individual and business tax returns and make payments.
January 15, 2025
Ex-Wells Fargo Executives Face Millions in Fines for MisconductA 2020 investigation by the OCC concluded that the executives opened millions of unauthorized customer accounts.