Marketplace combines hundreds of existing platforms run by providers of alternative investments into a single network.
Schwab self-reported the issues with disclosures related to exchange-traded notes, which occurred from January 2016 to December 2020, to Finra.
Advisors will likely face more stringent compliance requirements as a result of the SEC's actions and may need to reassess their compliance programs to adequately address the unique risks associated with digital assets.
Clayton took a swipe at the current leadership of the Securities and Exchange Commission for swinging too far in the wrong direction.
Both federal and state officials drilled in on the firm's staking program, which offers customers a return for letting their tokens be used to facilitate blockchain transactions.
The legislation mandates that the SEC think beyond current income and wealth thresholds to define the sophisticated investors who are qualified to buy private securities.
Regulator’s suit comes day after the agency sued crypto platform Binance for a wider set of violations.
As the banking crisis unfolded during the first quarter, the youngest investors were loading up on financial sector stocks and crypto, while older investors backed off.
The agency has for months been probing whether Binance illegally sold digital coins as the exchange was getting off the ground in 2017.
Park Avenue Securities fell short in its supervision of a rep who helped operate a cannabis business, the regulator says.
The legislation seems to strike a balance between concerns about allowing ordinary investors to buy private placements and creating opportunities for them to diversify their portfolios.
Investor harm is occurring among so-called sophisticated investors, and strong guardrails must be put in place if access to unregistered securities becomes easier for retail investors.
Irvine-based JRL Capital Corp. reported total assets of $43,000 and total investor claims against the firm of $2.5 million.
Austin Dutton last week lost an industry arbitration claim of $43,645 to a client related to sales of GWG bonds.
Fidelity's alts platform, which launched in 2013, has seen assets grow by 70% since 2020.
In a Q&A, the Advisor Group CEO discusses what's involved in squeezing the giant operation under one broker-dealer roof and brand.
The approval allows Prometheum Ember Capital to safekeep digital asset securities on behalf of individual and institutional clients as a qualified custodian.
The new generation of nontraded REITs has been designed with monthly or quarterly repurchase limits to align the interests of stockholders with the less liquid nature of the assets.
Nontraded real estate investment trusts reported $485 million of sales in April, the lowest level since August 2020, according to Stanger.
The dispute revolved around an account that was liquidated following the sharp market downturn at the beginning of the Covid pandemic.
