Golden State’s proposal will force corporations to make carbon emissions public.
States found lower rates of problems with investment advisors across numerous categories.
Even before seeing the text, the insurance industry says the measure to raise advice standard for retirement accounts will hurt middle- and low-income savers.
With the Massachusetts decision, the fiduciary question now moves to states.
Most HNW individuals are compliant because they have quality advisors who know the law and how to follow it correctly, says one advisor.
Former Trump Attorney General enters fight with other heavyweights on behalf of broker-dealer against Biden’s Justice Department.
'It’s the most extreme churning I’ve seen in more than 40 years,' the investor's lawyer says.
'I can’t recall when they’ve been so explicit about what they do and why they choose a firm for examination,' a compliance expert says.
The cost of the new system was estimated at $500 million at the end of last year.
The more than a dozen major new rules the agency has proposed or finalized will create significant disruption for investment advisors, with substantial long-term implications.
'Efforts to address the standard of care concepts established by Reg BI remain perfunctory,' the NASAA report states.
Carrie Tolstedt, the bank's former head of retail banking, pled guilty this year to obstructing the investigation of the bank's fake accounts.
Trade groups argue the SEC went too far when it rolled out rules mandating disclosures and barring firms from doing sweetheart deals with some investors.
'Crypto is on a journey from a niche asset class to a mainstream asset class,' says an advisor.
Network 1 Financial Securities did not have a written system to identify and flag excessive trading, resulting in $533,500 in commissions for the firm, regulator says.
The company filled its retirement plan menu entirely with its own funds, some of which underperformed and had high fees, a plaintiff alleges.
The latest delay came as a disappointment after Grayscale won a court ruling this week overturning the SEC's rejection of its application to convert its bitcoin trust into an ETF.
'As a mother of three young kids ... I am so pleased to see NASAA recognizing the need for some flexibility,' an advisor says.
Politicians and regulators shouldn't be unduly favoring or burdening particular investment vehicles.
The regulator alleged the firm's global markets unit had flawed underwriting processes for securities offerings.
