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Tsunami of new rules bears down on advisors
With the SEC preparing to approve a number of major proposals next year, firms face added costs and a huge amount of compliance work.
SEC races clock to keep rules out of congressional kill zone
Regulations that go final during the summer or later in an election year can be vulnerable to a procedure that lets the new Congress disapprove rules approved during the previous Congress.
Largest federal union backs O’Malley for Social Security commissioner
The AFGE represents 43,000 employees of the Social Security Administration.
US poised to greenlight new wave of crypto ETFs in the fall
Unnamed SEC sources signal the regulator is considering approval of new funds.
Finra arbitrators order former advisor to pay $664,901 for unsuitable options strategy
Alabama-based advisor denies he did anything wrong in a statement on his IAPD profile.
House Republicans take anti-ESG campaign to CalPERS
The California Public Employees’ Retirement System has turned over thousands of pages of documents in recent months to Congress.
Advisors urge Congress to weigh debt reduction against SALT deduction
'As much as I might want to see some relief for my clients and myself, there should be a balance between revenue and expenses in the federal budget,' one advisor says.
SEC hits ESG funds with subpoenas
Authorities get tough over green claims.
UBS reaches $1.44B settlement in DOJ mortgage-bond case
The case, which dates back to 2006 and 2007, relates to the issuance, underwriting and sale of the securities.
Finra adopts reforms to make it tougher for brokers to clear their records
Securities attorney hails 'good day for Finra and an even better day for investors.'
Financial firms hate the term ‘ESG’ but are sticking with the strategy
About two-thirds of respondents to a Bloomberg survey say they'll stop using ESG in conversations with clients but continue to incorporate it in their business.
Welcome to the ‘Millionaire’s Tax’
State launches 9% rate for high earners.
UBS faces new class action
Even as the bank removes Credit Suisse nameplates, more legal storm clouds roll in.
SEC delays decision on ARK bitcoin ETF filing
As the SEC puts off deciding on spot bitcoin ETF, 21Shares and ARK file for a fund that would invest in bitcoin futures.
Investing in courtroom outcomes is forecast to be a $24 billion industry in 5 years
The litigation funding investment market js set for strong gains according to a new report.
Pension fund shareholder suit against Dimon, JPMorgan Chase board fails
Judge rules on Epstein-related lawsuit.
Wall Street girds for what’s next in WhatsApp probe
Regulators have quizzed more than a dozen other firms about the use of unofficial channels like WhatsApp.
Lawsuit over ESG in 401(k) not cleared for takeoff, American Airlines says
ESG-themed funds named in the case are only available through a brokerage window, the defendant noted.
Wedbush wealth management had ‘pervasive’ texting problems: SEC
Wedbush staff members sent and received messages related to providing investment advice to the firm's clients, according to the SEC.
Wall Street to pay hundreds of millions more for WhatsApp use
Wells Fargo units agreed to pay $125 million to the SEC and $75 million to the CFTC.
