Rep. Patrick McHenry, R-N.C., accuses Democrats of trying to 'cater to the far left.' Democrats say ESG, diversity data is crucial.
The independent broker-dealer, backed by Reverence Capital Partners, is suing an annuity company owned, in part, by the same private equity firm.
Republican lawmakers in the House tell the new SEC chairman to avoid ‘mission creep’ in the agency's oversight of environmental, social and governance disclosures.
The analyst twice purchased securities after he learned a fellow analyst was upgrading his recommendation in impending research reports and then lied to Finra staff about his trading.
The measure, written by Democratic lawmakers, will have a hard time finding Republican votes. But it does send a signal of support to the SEC for tougher ESG oversight.
Even for the earliest proponents of sustainability, the sudden spike in ESG investing popularity is surprising, but satisfying.
The Securities Industry and Financial Markets Association opposes the bill, saying arbitration 'promotes fair, efficient, and economical dispute resolution for all parties.'
Martin Silver of International Investment Group in Long Branch, N.J., will pay penalties to be determined.
Now is a good time to tell clients to double-check all their loan documents and credit card statements to see if they have any Libor-linked debt.
Meanwhile, Massachusetts amended its December complaint against the online brokerage seeking to revoke its registration in the state.
His slim Senate confirmation margin reflects GOP concerns about the aggressive approach Gensler has signaled on issues like expanding corporate disclosures related to environmental, social and governance factors.
Democracy is a systemic issue that's difficult to link to a particular company. But firms take hits by jumping into fights over specific bills.
Wall Street's new sheriff will confront a range of market threats, from the fallout from the GameStop trading frenzy to the deluge of SPACs and the collapse of Archegos.
The Manhattan investment adviser defrauded his A-list clients of more than $19 billion.
ETF issuers are betting en masse that U.S. regulators will green-light a fund tracking the largest cryptocurrency.
In a set of frequently asked questions, the agency said a recommendation to rollover retirement funds from a company plan to an individual retirement account can be part of an ongoing client-adviser relationship and trigger a fiduciary standard of care.
The agency’s role is not to determine whether any particular strategy is a good one, but to ensure investors know what they are getting, according to Securities and Exchange Commission member Hester Peirce.
The risk alert is the latest step the SEC has taken to emphasize ESG oversight. In recent weeks, it has formed an enforcement task force and released a request for public comment on ESG and climate-risk disclosures.
Plaintiffs alleged that IBM failed in its fiduciary duty to participants by not protecting them from stock losses that resulted from an unprofitable chip manufacturing unit.
Claims that promoters face less legal liability than a traditional public offering are “uncertain at best,” a top SEC official said in a statement.
