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SEC slaps Aegis Capital with $2.3 million penalty
The firm was charged with inadequately supervising its representatives, who made unsuitable recommendations of structured products.
National Securities shuts down after 75 years, reps rolled into B. Riley
B. Riley Financial had purchased a large stake in National Securities Corp.'s parent in 2018 and bought the remaining shares last year.
House committee presses Wells Fargo rep on Biden family deals
Rep. James Comer is calling on Edward Prewitt, who advised Hunter Biden, to provide information related to deals that triggered suspicious activity reports.
Proposed end of carried interest would mean tax hike for rich Wall Streeters
The tax deal in the Senate would eliminate the tax break used by private equity and hedge fund managers.
Crypto scams must be reined in, Senate Banking Committee says
At a hearing Thursday on scams and risks in the crypto and securities markets, senators on both sides of the aisle pitched legislation to protect investors from harm.
SEC fines J.P. Morgan, UBS, TradeStation total of $2.5 million for lax ID theft prevention
Each of the firms failed to comply with the agency's rule on identify theft red flags.
UBS wealth group’s legal costs spike in Q2
The legal expenses linked to UBS' Yield Enhancement Strategy, which featured options, appear to be adding up.
Coinbase faces SEC probe on crypto listings
The firm is facing a probe into whether it improperly let Americans trade digital assets that should have been registered as securities.
ETFs that worry Wall Street regulators rake in billions
The products are a growing corner of the almost $6.4 trillion industry, defying words of caution issued by the Securities and Exchange Commission and others.
Alts groups oppose state regulators’ REIT reform
The changes include raising the net-income and net-worth thresholds for purchases and imposing a portfolio concentration limit.
Pushing to bolster retirement readiness with SECURE 2.0
The legislation is a necessary step to ensure that more and more Americans can live comfortably once they stop working.
Overreach or on point? Gensler’s agenda debated
The SEC's rulemaking roster includes 27 in the proposal stage and 26 in the final stage — giving everyone plenty of favorites and targets.
The message is compliance
The substantial fines hitting big banks for failing to meet messaging-retention requirements shows the need for direction from the top to ensure the use of monitoring systems.
SEC fines Private Advisor Group $5.8 million for using high-fee mutual funds
It's the latest action in the SEC's long-running campaign to crack down on disclosure and best-execution failures involving 12b-1 fees.
Ex-Coinbase manager arrested in crypto insider-trading case
Ishan Wahi allegedly leaked information to his brother and a friend about when tokens were about to be listed on the exchange.
UBS loses two more arbitration cases centering on YES options strategy
The firm was ordered to pay more than $450,000 in total this week in separate complaints about the complex product.
FPA to push for ‘financial planner’ title protection
Legal recognition of the title is 'a critical step in recognizing financial planning as a distinct, essential profession,' the organization said.
All rise! 401(k) legal battles set to surge in second half of year
A couple of major court rulings may lead to more litigation related to defined-contribution retirement plans.
Sharp exchanges at hearing illuminate debate on SEC’s oversight of ESG
GOP lawmaker grills SEC Enforcement Director Gurbir Grewal on how the agency can crack down on ESG when there's no regulatory definition of ESG.
North Dakota shuts down small RIA selling crypto, weed investments
Jeremy Carlson allegedly acted as an unregistered broker-dealer and salesperson, and engaged in fraudulent practices, according to the state's securities commissioner.
