Two dissenting voices from the federal regulator warned the penalty could create "a counter-productive dynamic" with its regulated entities.
Financial Innovation and Technology for the 21st Century Act passed by the House.
Regulator says that claims of 'stringent' new rules are incorrect.
The federal securities regulator says the exchange giant took four days to report a vulnerability in its network, violating its internal procedures.
Marc Cadin responds to a recent InvestmentNews editorial and explains why he believes the DOL process and pro-fiduciary rule argument are both flawed.
Associations for life insurers and financial advisors laud the move, renews call for “sensible protections” around guaranteed lifetime income products.
State Governor Stitt signs legislation adding financial literacy education as a requirement for high school graduation.
'Our department’s Reg BI-related disciplinary actions have been increasing,' noted a senior Finra executive.
Decision overturns lower court ruling won by payday loan trade bodies.
Updates to a 24-year-old rule will require firms, including broker-dealers and RIAs, to prevent cyber risks and notify clients of incidents.
A bicameral group of senators and house representatives have launched a joint resolution seeking to quash the rule.
The self-regulator has updated its guidance around requirements for firms to oversee chatbot messaging for investors and AI-generated content.
Proposed rule aims to tighten client information and verification processes in order to curb risks from money laundering and other illicit activities.
The federal regulator is examining statements from the company after a failure in one of its planes led to a near-tragedy in January.
Defense attorneys for the disgraced trader argue his criminal behavior was spurred by trauma and phobia about financial insecurity.
The financial titan’s CEO urges employees to “hold heads high” as it faces anti-money-laundering actions from multiple regulators.
The new fiduciary rule will pull a lot of brokers under the Employee Retirement Income Security Act, and harkens back to the levelized compensation from the 2016 rule.
The stock trading platform is facing an enforcement action as the federal regulator continues to crack down on digital assets.
Speed and nature of new DOL rule has left many in the insurance industry fuming, losing sight of the impact on ordinary investors
Lawsuit filed in Texas federal court argues that the agency “has exceeded its authority,” acting inconsistently with ERISA’s intent.
