The regulator found that the listing proposal didn’t do enough to prevent fraud and manipulation.
The agency said UBS reps didn't understand the complex product or whether buying it was in a client's best interests.
Firms are supposed to begin tracking data such as customers’ capital gains and losses starting in January.
The platform has now received four rounds of outside funding in less than two years from investors that see the potential for diversification in the current market environment.
The president of the crypto exchange, Sam Bankman-Fried, says that he's 'excited’ about Robinhood’s prospects.
While it might be a lousy long-term investment, gold has a proven track record of rising to the occasion when times are tough.
Their attorney, Jeffrey Erez, said they were misled by UBS brokers who didn't understand the risky product.
Advisory firms' challenges when it comes to alts range from getting access to investments, meeting minimums, figuring out how to subscribe and the headache of performance reporting.
The regulator sanctioned the broker-dealer for violations related to its marketing of securities it had underwritten and failings related to sales of GPB private placements.
The bank joins a long list of financial backers funding the $130 billion tech-savvy platform for investing in alternatives.
Financial advisers say clients are asking about alternatives to the standard investments in stocks and bonds.
United Planners' Financial Services was negligent in 2018 when it failed to inform clients that GPB had missed a deadline for filing financial information, according to Finra.
Fewer Bitcoins are being moved to exchanges from so-called cold wallets — offline stores of the digital asset — for potential sale.
The former Onramp exec is more bullish than ever on digital assets, which is why he's launching new businesses to capitalize on the trend.
When wholesalers leave a broker-dealer en masse, it's a signal that the firm's efforts to sell more product and generate more revenue could be greatly hampered.
Rep. Richard Neal, chairman of the House Ways and Means Committee, asked the Government Accountability Office to assess the use of cryptocurrency investments in 401(k) plans.
Bitcoin, the largest token, has fallen for nine straight days, the longest losing streak since 2014.
Treasury chief says it would be reasonable for Congress to regulate what assets could be included in tax-favored retirement vehicles.
Bill Hamm of IFP Securities said the SEC started its inquiries last year into broker-dealers that had sold GWG bonds.
The crypto offering, still in its early development, could be available late this year or early next.
