Regulators have quizzed more than a dozen other firms about the use of unofficial channels like WhatsApp.
ESG-themed funds named in the case are only available through a brokerage window, the defendant noted.
Wedbush staff members sent and received messages related to providing investment advice to the firm's clients, according to the SEC.
Wells Fargo units agreed to pay $125 million to the SEC and $75 million to the CFTC.
The ARK Investment Management CEO backed away from her previous view that her firm's spot-bitcoin ETF would be the first to be approved.
Legislation would extend spousal protections used in pensions to defined-contribution plans.
Like other technologies in the past, AI is bound to reshape the operations of the financial advice industry.
More certified financial planners will help more people make better decisions with their money, says advisor.
The Massachusetts Secretary of the Commonwealth sent letters to firms including JPMorgan and Morgan Stanley to learn how they are using AI with investors.
But LPL Financial, Fidelity back the idea of allowing supervisors to work from home, using technology to oversee reps, as they did during the pandemic.
'If you’re expecting any meaningful legislation to emerge from all the Republicans’ talking points, think again,' says Washington Research Group's John Miller.
But demand for futures products, rather than spot ones, is a big question.
Scams involving members of a group such as a church, known as affinity frauds, pose perils for investors, one attorney notes.
In cutting its rating on US sovereign debt to AA from AAA, Fitch cited 'repeated debt limit standoffs and last-minute resolutions.'
Financial advisors say a bill recently introduced in Congress sounds good but would be difficult to administer.
State auto-IRAs and provisions of the Secure 2.0 Act could help, but there are numerous factors underlying wealth inequality.
A man and entities he controls have been charged for allegedly selling unregulated securities and for fraudulent use of some of the proceeds.
Charges 'about as serious as it gets' after advisor allegedly tricks client into signing a power of attorney to enable ripoff.
Big fine expected as the agency looks for another scalp.
Many of the investors were elderly retirees who were members of the same church as the man charged.
