Matthew Sellers

Matthew Sellers
Displaying 112 results
Court strikes down SEC CAT funding plan, puts broker-dealer costs under fire
INDEPENDENT BROKER DEALERS JUL 28, 2025
Court strikes down SEC CAT funding plan, puts broker-dealer costs under fire

Appeals court overturns SEC’s CAT funding plan, broker-dealers face new uncertainty.

SEC: First Liberty misused fresh investor money in $140 million scheme
REGULATION AND LEGISLATION JUL 24, 2025
SEC: First Liberty misused fresh investor money in $140 million scheme

The SEC says First Liberty lured investors with high-yield promissory notes, then used fresh cash to cover defaults and interest owed to earlier investors.

UBS loses arbitration battle in fiduciary fight over foundation funds
INDEPENDENT BROKER DEALERS JUL 15, 2025
UBS loses arbitration battle in fiduciary fight over foundation funds

A federal appeals court says UBS can’t force arbitration in a trustee lawsuit over alleged fiduciary breaches involving millions in charitable assets.

Invictus managers withhold $10M, trigger ERISA asset showdown
LIFE INSURANCE AND ANNUITIES JUL 02, 2025
Invictus managers withhold $10M, trigger ERISA asset showdown

Invictus fund managers allegedly kept $10 million in plan assets after removal, setting off a legal fight that raises red flags for wealth firms.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
REGULATION AND LEGISLATION JUN 13, 2025
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

Court revives lawsuit over 15% fund return promise
REGULATION AND LEGISLATION JUN 12, 2025
Court revives lawsuit over 15% fund return promise

'Nostradamus' real estate entrepreneur accused of misleading investors on social media despite SEC's objections.

Trump threatens to 'force something' on interest rates
FIXED INCOME JUN 12, 2025
Trump threatens to 'force something' on interest rates

President also calls Fed Chair Jerome Powell a "numbskull."

Musk turns to Morgan Stanley to raise $5 billion while Trump spat rumbles on
FIXED INCOME JUN 10, 2025
Musk turns to Morgan Stanley to raise $5 billion while Trump spat rumbles on

Hybrid loan-and-bond package offers a fixed 12% coupon and is part of a 'best efforts' deal, according to report.

Sales tax advice court battle a warning for wealth managers
COMPLIANCE JUN 09, 2025
Sales tax advice court battle a warning for wealth managers

Island Consolidated claims it restructured its business based on flawed advice from Grassi & Co and that it was never part of a formal agreement.

Yes, AI may take your job—but not the way you think
PRACTICE MANAGEMENT JUN 06, 2025
Yes, AI may take your job—but not the way you think

New global report suggests AI is making workers more valuable, not obsolete, as productivity and wages surge.