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A legacy of wins built one vote at a time
The SEC chair says the views of Republican commissioners can influence rules, even if unanimous support can't be achieved.
FDIC asks banks for final bids on First Republic by Sunday
The bidding process could pave the way for a tidier sale of First Republic than the drawn-out auctions that followed the failures of Silicon Valley Bank and Signature Bank last month.
Speaker McCarthy pressures Biden on debt ceiling
The measure the House passed would require broad spending cuts in return for raising the nation's debt limit, and Biden says he won't entertain strings-attached bargaining to raise the limit.
Top Democrat opposes bill facilitating e-delivery of investment documents
Rep. Maxine Waters, D-Calif., said she's worried that seniors who aren't tech savvy may not be able to opt out and receive paper disclosures.
House committee OKs bills expanding pool of sophisticated investors
The legislation would amend the definition of accredited investor to include people who have certain licenses, education or experience.
BlackRock’s Dalia Blass leaves for law firm Sullivan & Cromwell
Blass, the former head of the SEC's division of investment management, led external affairs at BlackRock for two years.
Digital asset fraud and pig-butchering schemes are top threats to investors, NASAA says
Many fraudsters are playing off of investors’ fears of economic uncertainty to perpetrate their scams.
Raymond James, advisors win $16.4 million arbitration award against Deutsche Bank
Ray Jay and its brokers claimed the German lender failed to pay revenue share and residual trailer fees on commercial loans.
SEC drops final Reg BI staff bulletin, covering duty of care
Brokers and investment advisors should thoroughly understand products and clients' financial needs before making recommendations, the SEC said in the bulletin.
Prudential collected life insurance premiums, later told claimants they were ineligible
The insurer has settled with the Department of Labor; the policies in question were part of employer-sponsored insurance where workers had opted for supplemental coverage.
Lawmakers press Gensler over climate, crypto and rulemaking pace
Republicans on the House Financial Services Committee questioned the SEC leader about the roughly 50 rules the agency has proposed over the past two years.
Betterment pays $9 million to settle SEC charges over tax-loss harvesting
Disclosure and operating issues impacted more than 25,000 client accounts and resulted in $4 million of potential tax benefits lost, according to the SEC.
These 2 state regulators are financial markets’ first responders when trouble strikes
William Galvin and Joseph Borg find and respond to violations at the ground level, where their constituents are harmed.
Lawmakers to push off Social Security reform until point of political pain
Lawmakers talk about reducing the federal budget, but entitlements are off the table. 'It's not mathematically honest,' Jeff Bush said.
CalSavers on hunt for new leader as executive director Selenski departs
The California auto-IRA program is not only the biggest in the country, but its arrival correlated with a pick-up in new 401(k) plans in the state.
State regulators oppose expungement reform proposal approved by SEC
NASAA says Finra's modifications don't do enough to make it harder for brokers to clear customer disputes from their records.
DOJ cites antitrust concerns over SEC trading-execution reforms
The Justice Department's antitrust division asked the SEC to consider potential impacts of its proposals, including whether smaller pricing increments could increase competition between exchanges and wholesalers, and whether that might affect brokers' willingness to route orders to wholesalers.
SEC approves Finra expungement reform proposal
The measure establishes tighter procedures and a special roster of arbitrators to hear brokers' requests to clear their records of customer disputes.
New Hampshire Gov. Sununu joins anti-ESG fray amid setbacks for the movement
The governor signed an executive order this week that entails only limited practical restrictions on state assets but could have a chilling effect.
Nuveen gets new muni bond leader amid lawsuit settlement
As the firm announces a settlement of suits brought by Preston Hollow Community Capital, Nuveen announced that John Miller is retiring and will be replaced by Daniel Close.
