Displaying 10194 results
SEC denies bitcoin ETF approval after X account compromised
Chair Gary Gensler denounces unauthorized social media post.
Is today the day for spot bitcoin ETF approval?
The cryptocurrency has eased from a $47K high but is up 10% so far this year.
Bitcoin-ETF issuers hope for long-awaited SEC OK this week
The SEC has until Wednesday to take action on at least one of the applications for bitcoin ETFs.
Congressional deal on spending cap eases risk of shutdown
The agreement, negotiated by Senate Majority Leader Chuck Schumer and House Speaker Mike Johnson, sets the cap for the 12 annual spending bills at $1.59T.
Advisors expect record federal debt to result in higher taxes
'As an advisor, the national debt is a very concerning issue, especially with younger clients that have a longer time horizon, because the bill is eventually going to come due,' an advisor says.
Bitcoin ETF issuers clear hurdle on path to SEC approval
SEC staff members asked some exchanges and issuers seeking to list the ETFs to submit the final version of a key document as soon as Friday, sources said.
Lawyers welcome proposed crackdown on brokers lending money to clients
'Ninety-nine percent of the time, lending to customers or borrowing from them is a bad idea.'
Morgan Stanley chair thinks proposed bank rules will be ‘wound back’
James Gorman says regulator’s ideas were ‘extremely aggressive.’
Industry, investor advocates square off in comment letters about DOL advice rule
Battle lines drawn again as trade associations call on DOL to withdraw proposal, while proponents say measure fills a regulatory gap.
‘This LPL case is a grab bag,’ says industry attorney
Finra hits LPL, Interactive Brokers with fines as 2023 closes.
What do regulators have in store for financial services in 2024?
With lots of new and existing regulations to deal with, as well as the challenges posed by AI, it's shaping up to be a strenuous year for compliance executives.
SEC climate agenda stalls
The lack of progress is worrying environmental activists given the approach of the US presidential election, which could scuttle the regulator's ESG efforts.
Idaho regulator seeks wide range of input on fintech oversight
'We will build our own principles-based models best suited to emerging financial technology innovations,' says state's securities regulator.
Insurance industry seeks carve out from Massachusetts ‘junk fees’ proposal
Separately, Empower joins industry chorus calls on DOL to withdraw its retirement security proposal.
Employment stress leads to boost in arbitration cases
'If there are layoffs, arbitration naturally follows,' says George Friedman, editor of the Securities Arbitration Alert.
Navigating the waters of IAR continuing education compliance
It's crucial for investment advisors to recognize the consequences of failing to meet their annual continuing education obligations.
What is the ‘basis trade’ and why is the SEC concerned?
The space is dominated by only a few hedge funds, and that could be risky.
Finra orders brokerage, former rep to pay $1 million for bad private placements
Claimants alleged fraud, elder abuse, and breach of contract and fiduciary duty.
Finra charges advisor with paying under the table commissions
Finra alleges a southern California broker kicked back $900,000 in commissions to non-registered sales person.
New tool enables certification of SEC Names Rule compliance
Fintech says its solution provides greater scrutiny of ESG claims.
