Regal Assets and its owners pilfered $21 million from clients, the CFTC and California DFPI allege.
'I intend to vigorously defend myself against these claims,' broker Tony Barouti states.
Report says that the deals are now being considered by the firms involved.
Members of the House Financial Services Committee spent hours criticizing or praising the SEC's work under Chair Gensler.
The rule allowing such inspections is due to expire at the end of this year, but Finra has asked to delay the expiration until June 30.
Regulator says multiple conflicts were not disclosed over 5-year period.
The asset manager is appealing its conviction for helping wealthy clients with cross-border cash moves.
Former president loses New York lawsuit as judge describes 'fantasy world.'
'It feels like déjà vu,' says one advisor. 'This is what they do every time.' The SEC would have to furlough the vast majority of its staff, bringing enforcement and exams almost to a halt.
The firm also reached a confidential agreement with former executive Jes Staley.
Law firm Capozzi Adler has three weeks to file an amended complaint after a judge grants a motion to dismiss.
Matthew Motil is accused by the SEC of fraudulently raising money from investors.
It could take a while for ESG to become more widely available in 401(k)s, even if the political focus on it dies down.
'The industry deserves to have the scrutiny that’s being placed on it,' says Ethan Powell, founder and CEO of Impact Shares.
As the SEC marketing rule nears its first anniversary, most firms have yet to take advantage of the testimonials and endorsements it allows.
Instead of generating anxiety among advisors, sweep contains no hidden surprises, says compliance expert.
'We see a lot of angst from advisors that are frustrated that the federal [SEC] firms get to' use client testimonials and reviews in advertising 'but they can’t do it in their state,' says XYPN co-founder Michael Kitces.
Major regulations and legislation made headlines, and big asset managers faced protests over fossil fuels.
Carl M. Hennig Inc. has 10 registered reps and about $1.3 billion in client assets.
The measure is likely to make a rollover recommendation a fiduciary act. But if the agency doesn't complete the measure soon, it's vulnerable to being overturned by the next Congress and White House.
