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.
SEC Charges Firm, CEO With Bilking Hundreds of Clients
By Dinah Wisenberg BrinThe firm promised guaranteed investment returns and 100% capital protection, the agency says.
August 26, 2024
3 Florida Men Plead Guilty in Tax Fraud SchemeThe defendants required clients to pay them a portion of the fraudulently obtained refunds, DOJ says
August 23, 2024
Cash Sweep Clients 'Were Paid Peanuts': Ex-SEC CommissionerFormer SEC Commissoner Robert Jackson has partnered with a law firm to help underpaid brokerage customers.
August 23, 2024
Western Asset's Leech Leaves CIO Role Amid SEC, DOJ ProbesRegulators are looking into if some clients were favored over others in the allocation of gains and losses from derivatives trades.
August 23, 2024
Barclays to Pay Nearly $1.3M Over Fingerprint FailuresBarclays did not fingerprint any of its non-registered associated persons based in foreign locations, FINRA said.
August 21, 2024
TD Takes $2.6B Hit on Probe, Sells Schwab SharesThe bank is selling part of its stake in Charles Schwab to cover fines it expects to pay for failures in its money-laundering controls.
August 21, 2024
Can't Stand Form 1099-R? Tell the IRSTaxpayers can suggest how to improve the distribution form for retirement accounts and annuities, for instance, by Oct. 21.
August 21, 2024
Ex-Broker Barred After Refusing to Respond to FINRA ProbeCambridge Investment Research dismissed Gregory Corrie last year, alleging excessive use of unit investment trusts.