Regulation And Legislation

Displaying 10554 results
Concerns percolate about how SEC’s AI proposal aligns with Reg BI
RIA NEWS JUL 27, 2023
Concerns percolate about how SEC’s AI proposal aligns with Reg BI

Proposal will be an 'additive regime' that gets layered on, according to lawyer.

By Mark Schoeff Jr.
Political uncertainty steering 401(k)s away from ESG
RETIREMENT PLANNING JUL 27, 2023
Political uncertainty steering 401(k)s away from ESG

While about half of plan consultants and advisors recommend sustainability-themed investment options, employers are worried about legislative changes around ESG.

By Emile Hallez
Edward Jones named in potential Canadian class action
FINTECH JUL 27, 2023
Edward Jones named in potential Canadian class action

Investors join nationwide law firm suit.

By Matthew Sellers
Playboy Race Team-linked financial advisor who defrauded NHL players in court again
REGULATION AND LEGISLATION JUL 27, 2023
Playboy Race Team-linked financial advisor who defrauded NHL players in court again

Clients included Stanley Cup champions, other NHL stars.

By Matthew Sellers
Biden selects Martin O'Malley for Social Security commissioner
RETIREMENT PLANNING JUL 26, 2023
Biden selects Martin O'Malley for Social Security commissioner

The agency is responsible for distributing Social Security to more than 70 million beneficiaries and commands a $1 trillion budget.

By Ryan W. Neal
SEC proposal would require brokers, advisors to remediate conflicts related to use of AI
FINTECH JUL 26, 2023
SEC proposal would require brokers, advisors to remediate conflicts related to use of AI

SEC Chair Gary Gensler says investors deserve to be protected but a critic argues proposal shows 'hostility toward technology.'

By Mark Schoeff Jr.
Finra fines LPL $3M for failing to detect wire transfers that harmed clients
INDEPENDENT BROKER DEALERS JUL 26, 2023
Finra fines LPL $3M for failing to detect wire transfers that harmed clients

One broker used client funds to pay expenses, while another used client cash to buy real estate.

By Bruce Kelly
Fed set to hike rates to 22-year high today, experts give their views
REGULATION AND LEGISLATION JUL 26, 2023
Fed set to hike rates to 22-year high today, experts give their views

The Federal Reserve will make the announcement at 2 p.m. ET and markets are expecting another increase.

By Steve Randall
Federal prosecutors charge billionaire with insider trading
REGULATION AND LEGISLATION JUL 26, 2023
Federal prosecutors charge billionaire with insider trading

86-year-old British soccer club owner indicted in New York.

By Bloomberg
Awaiting the Fed: Traders cautious ahead of rate decision
REGULATION AND LEGISLATION JUL 25, 2023
Awaiting the Fed: Traders cautious ahead of rate decision

Earnings are also in sharp focus as more of the world's largest corporations reveal results.

By Bloomberg
In surprise announcement, IRS says it will stop unannounced tax visits
REGULATION AND LEGISLATION JUL 24, 2023
In surprise announcement, IRS says it will stop unannounced tax visits

Knock, knock, who’s there? Not the IRS anymore — at least not without an appointment.

By Matthew Sellers
UBS to pay $387M in fines linked to Credit Suisse's dealings with Archegos
WIREHOUSES JUL 24, 2023
UBS to pay $387M in fines linked to Credit Suisse's dealings with Archegos

The fines imposed by the Federal Reserve and the Bank of England's Prudential Regulation Authority follow UBS guidance that legal liabilities related to Credit Suisse could total $4 billion.

By Bloomberg
Permanent remote supervision? Not so fast
REGULATION AND LEGISLATION JUL 24, 2023
Permanent remote supervision? Not so fast

The industry’s frustration is understandable. But state regulators and the plaintiff’s bar have a point, too.

By InvestmentNews
Lingering pain for clients of defunct broker-dealer
ALTERNATIVES JUL 21, 2023
Lingering pain for clients of defunct broker-dealer

The egregious case of Jamie Worden and the continuing issue of unpaid arbitration awards.

By Bruce Kelly
Trump-linked SPAC to pay $18M fine to SEC over 'material misrepresentations'
REGULATION AND LEGISLATION JUL 21, 2023
Trump-linked SPAC to pay $18M fine to SEC over 'material misrepresentations'

Share price soars on news.

By Matthew Sellers
FTX lawsuit alleges big bonuses, abuse of power, and a private island
REGULATION AND LEGISLATION JUL 21, 2023
FTX lawsuit alleges big bonuses, abuse of power, and a private island

The list of complaints against the collapsed crypto exchange executives is building.

By Bloomberg
ETF strategy designed for night owls gets a wake-up call
RIA NEWS JUL 20, 2023
ETF strategy designed for night owls gets a wake-up call

NightShares shutters two ETFs that only invest when the market is closed.

By Jeff Benjamin
Twice-convicted fraudster charged by SEC for alleged $38M Ponzi-like scheme
REGULATION AND LEGISLATION JUL 20, 2023
Twice-convicted fraudster charged by SEC for alleged $38M Ponzi-like scheme

Eliyahu Weinstein of Lakewood, New Jersey, and five others are charged with defrauding investors in health care-related deals.

By Steve Randall
Investment advisor numbers escalate while ideas for stronger oversight remain stuck
RIA NEWS JUL 19, 2023
Investment advisor numbers escalate while ideas for stronger oversight remain stuck

Should the SEC turn to a third-party organization to help it increase the number of exams?

By Mark Schoeff Jr.
Understanding WhatsApp supervision
OPINION JUL 19, 2023
Understanding WhatsApp supervision

What financial services firms need to know about the risks of scraping software versus the benefits of an API-based integration.

By Bill Simpson