The Secretary of the Commonwealth of Massachusetts takes another swipe at sales of high-priced products
The company is among the latest targeted in a wave of ERISA litigation this year
Issue eclipses cybersecurity for first time in six years in the Investment Adviser Association survey
Trump demands a payroll tax cut; lawmakers may not open gates to smaller provisions
The proposed restrictions on environmental, social and governance funds in 401(k)s would perpetuate racial discrimination, a group of lawmakers wrote
David Hu sold fake loans to pay off earlier investors, the SEC alleges
The trade groups’ request to the SEC focuses attention on the particulars of a disclosure when a recommendation entails a conflict of interest
Finra, NASAA began scheduling online tests earlier this week
Proponent say a levy on trades is harmless. Opponents call it a dangerous friction
Supreme Court ruled in 2018 that many enforcement actions should be reheard
Sponsors have interest in adding them to their retirement plan documents, but the courts are up in the air, lawyers said
The startup allegedly offered security-based swaps to retail investors without registration
Letter from Capitol Hill says the firm ‘must do better’ in the wake of the suicide of a user
Former governor says the firm, two former brokers were responsible for $50 million in losses
Fees for underwriting investment-grade bonds doubled in the first half
Funds would be required to report holdings quarterly if they have at least $3.5 billion of equities, up from the current threshold of $100 million
While not exactly novel, the legislation is a sound first step toward getting Main Street investors the tools they need
The agreement is separate from a $25 million settlement reached in a similar suit brought in 2016
Rhode Island keeps its requirement on the books
Benjamin Alderson, the former CEO of deVere USA, also agrees to a permanent bar
