The Investment Adviser Association lobbied against what it called an 'overbroad' regulation for advisers whose business models don't create money-laundering risks.
The SEC finds that some firms use generic compliance programs that aren't tailored to the particular hacking dangers their accounts face.
Bradley Goodbred now faces criminal charges of stealing money from an elderly client, in addition to civil charges from the SEC.
The four Advisor Group firms sold investors GPB private placements but failed to tell them that GPB hadn't made required filings, including audited financial statements.
The Senate and House bills will both die at the end of the year if they are not approved. It’s not clear whether sponsors will reintroduce them in January.
An investor alleges the firm made unauthorized trades. The Finra arbitration decision comes as the regulator is conducting an exam sweep on options.
There are many ways financial advisers can protect elderly clients from financial abuse. The first trick is to spot it.
Dana Vietor of Independence, Iowa, had solicited investments to buy a building in Dallas to house cancer treatment and other equipment.
The SEC chairman wants to reduce the costs of the men and women in the middle of the market. That means you, InvestmentNews readers.
The Bitcoin Strategy Optimum Yield ETF would offer managed exposure to bitcoin futures contracts traded on the CME and investments in short-term debt securities.
Now that the agency has finalized the ESG rule, it's likely to cast a wider net to establish who has a fiduciary duty to retirement savers. A new deadline is pending.
After nearly a decade of fighting for regulatory approval of semitransparent ETFs, the asset management industry is realizing what investors really want.
The Finra penalty included a fine of $200,000 and restitution to clients of $498,000 plus interest.
The regulator claims Goldman's asset management unit failed to properly weigh environmental, social and governance factors in some investment products.
The new rule frees retirement plan advisers to incorporate risk and return factors associated with climate change and other ESG investment alternatives.
The Montana Democrat's pushback gives a bipartisan tenor to ESG skepticism that so far has been voiced loudly by Republicans.
Provisions such as raising the RMD age and expanding workplace retirement coverage, which have been approved by the House and by Senate committees, must be rolled into one bill and enacted before year-end.
The state is concerned that fee-for-service financial planners aren't aligning their charges with work done for clients. Michael Kitces said the guidance remains biased toward the AUM model.
The regulator has launched an exam sweep of brokerages' communications with customers about digital assets, while the House Financial Services Committee plans to hold a hearing on the FTX bankruptcy.
Republicans want tax breaks for private equity, manufacturers and businesses, while Democrats want to expand the child tax credit.
