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Biden selects Martin O’Malley for Social Security commissioner
The agency is responsible for distributing Social Security to more than 70 million beneficiaries and commands a $1 trillion budget.
SEC proposal would require brokers, advisors to remediate conflicts related to use of AI
SEC Chair Gary Gensler says investors deserve to be protected but a critic argues proposal shows 'hostility toward technology.'
Finra fines LPL $3M for failing to detect wire transfers that harmed clients
One broker used client funds to pay expenses, while another used client cash to buy real estate.
Fed set to hike rates to 22-year high today, experts give their views
The Federal Reserve will make the announcement at 2 p.m. ET and markets are expecting another increase.
Federal prosecutors charge billionaire with insider trading
86-year-old British soccer club owner indicted in New York.
Awaiting the Fed: Traders cautious ahead of rate decision
Earnings are also in sharp focus as more of the world's largest corporations reveal results.
In surprise announcement, IRS says it will stop unannounced tax visits
Knock, knock, who’s there? Not the IRS anymore — at least not without an appointment.
UBS to pay $387M in fines linked to Credit Suisse’s dealings with Archegos
The fines imposed by the Federal Reserve and the Bank of England's Prudential Regulation Authority follow UBS guidance that legal liabilities related to Credit Suisse could total $4 billion.
Permanent remote supervision? Not so fast
The industry’s frustration is understandable. But state regulators and the plaintiff’s bar have a point, too.
Lingering pain for clients of defunct broker-dealer
The egregious case of Jamie Worden and the continuing issue of unpaid arbitration awards.
Trump-linked SPAC to pay $18M fine to SEC over ‘material misrepresentations’
Share price soars on news.
FTX lawsuit alleges big bonuses, abuse of power, and a private island
The list of complaints against the collapsed crypto exchange executives is building.
ETF strategy designed for night owls gets a wake-up call
NightShares shutters two ETFs that only invest when the market is closed.
Twice-convicted fraudster charged by SEC for alleged $38M Ponzi-like scheme
Eliyahu Weinstein of Lakewood, New Jersey, and five others are charged with defrauding investors in health care-related deals.
Investment advisor numbers escalate while ideas for stronger oversight remain stuck
Should the SEC turn to a third-party organization to help it increase the number of exams?
Understanding WhatsApp supervision
What financial services firms need to know about the risks of scraping software versus the benefits of an API-based integration.
ESG litmus test intensifies as 2024 elections loom
A campaign against the use of ESG factors to manage assets for public workers has snowballed; the issue has also been a focus in Congress.
Gensler says AI holds promise, peril for financial advice
The SEC chair calls AI 'the most transformative technology of our time,' but emphasizes the agency's focus on fraud.
Clarence Thomas, Taylor Swift and that gift your client was nice enough to send
Finra's rules on gifts exist as a line in the sand between right and wrong, but advisors should know what is appropriate to give or receive.
Stifel advisor facing $23.5 million in investor claims over structured notes
The Miami Beach, Florida-based advisor, Chuck Roberts, is a 33-year industry veteran and has worked at Stifel since 2016.
