Alpine Securities' appeal of Finra's ban could threaten a web of self-regulatory organizations that oversee broad swaths of the U.S. economy.
'You don’t need to reinvent the wheel here. You’ve got the building blocks to address [AI and predictive data analytics] concerns,' says a member of the advisory committee.
'Who were the accountants? Lending securities can be lucrative,' a compliance executive says.
Benefits will be higher next year, but long-term financial concerns persist.
Traders continue sharing information using unauthorized messaging platforms.
Once again, annuities are at the heart of a debate over retirement savings and investor protection. The DOL says state oversight of sales of the products isn’t strong enough.
As a financial advisor for more than 30 years, Diane Young has seen fiscal and retirement policies affect her clients. If voters in Michigan’s 10th District elect her, she’ll have a role in shaping the decisions Congress makes.
President Biden's budget request may all come down to a Trump era legal dispute.
'The loophole they’re talking about isn’t only used by billionaires,' advisor warns.
Two former employees engaged in more than 700 ‘spoofs’ over almost a decade, Finra charges.
RIAs could serve as a portal to private placements for their clients, says member of an SEC advisory committee.
Conservative justices suggest that people accused of fraud by the SEC have a constitutional right to go before a federal court jury.
'We all have too much to lose in reputation,' warns one CEO. 'It’s not worth it.'
Ruling could upend SEC’s 'Orwellian and terrifying' powers, amicus brief argues.
Settlements and new cases continue as law firms claim asset managers did wrong by using their own products.
Opponents say the DOL’s proposed rule overrides Reg BI by imposing fiduciary duty on brokers working with retirement savers. Backers say the measure fills in Reg BI’s gaps in investor protection.
A former state employee is challenging a state law that targets financial firms, including BlackRock and JPMorgan Chase, for their climate change policies.
'It's supervision by Zoom,' PIABA says, while Finra says the new rules reflect hybrid work arrangements while protecting investors.
Regulator alleges that the firm used customer cash to pay expenses.
'The strategy involved frequent in-and-out trades that placed the broker’s interest in generating commissions and fees ahead of the customers’ interest in making a profit,' the SEC order states.
