John W. Fisher, charged with fraud for his sales of Global 1 securities, faces civil penalties and disgorgement.
There’s rising confidence at the White House that evidence of widening inequality will translate into broad popular support for a tax-the-wealthy strategy.
The site is part of the agencywide response to what the SEC says is soaring demand from investors for information about climate and ESG issues.
Chris Burns is facing mail fraud charges from an alleged scheme that defrauded dozens of clients of more than $10 million. "It’s time," Meredith Burns said in a TV interview. "He needs to be brought in for these crimes."
During her first three years on the commission, Peirce was part of a Republican majority. With the likely confirmation of Gary Gensler as SEC chair, Democrats will have the edge.
Republican Hester Peirce says ESG disclosure mandates undermine materiality and harm investors. Democrat Caroline Crenshaw says 'consistent, comparable' ESG disclosure helps investors.
Sen. Patrick Toomey, R-Pa., the highest-ranking Republican on the Senate Banking Committee, takes aim at the Fed, SEC for 'mission creep.'
The number of of the regulator's disciplinary actions held steady, according to an Eversheds Sutherland analysis.
The change comes after calls from accountants and leaders in Congress to delay the due date as new legislation and pandemic-related work changes disrupt taxpayer plans.
Lee said there may be a disconnect between passive index funds' proxy voting and their investors’ ESG inclinations.
The program would apply to businesses with as few as five employees, requiring companies to participate and automatically enroll workers, unless they already provide retirement plans.
Selling away charges are at the center of three large customer complaints against ex-broker John Krohn. In 2018, Finra reached a settlement with Krohn in which he was suspended from the industry for three months and paid a fine of $10,000.
At least four firms have live applications for exchange-traded funds tracking Bitcoin, but how the SEC will deal with the filings is a mystery.
Acting SEC Chair Allison Herren Lee suggested the agency should consider new policies and procedures regarding ESG for investment advisers. The agency is evaluating how a disclosure framework can be flexible enough to keep up with the latest market and scientific developments.
Given the events so far this year, regulation of these topics is likely top of mind for policymakers under Biden, according to experts.
Planned projects in the area that were cut back under the Trump administration would restrict access to tools for reducing estate tax bills.
The plaintiffs maintained that Fidelity was a fiduciary to the plan in respect to the selection of investment options, but courts did not buy that argument. Separately, New York Life and USI Insurance face new 401(k) lawsuits.
But a stock market reaching record highs may be masking shortfalls, and a recent survey says firms aren't supervising conferencing platforms.
The agency must be nimble in keeping up with an increasingly popular and rapidly evolving issue.
Patrick Duke and Paul Haarman of APEG Investors allegedly kept $2.6 million of what they raised from investors.
