'No one is going to want to settle with broker-dealers over GWG claims until the bankruptcy is resolved,' an attorney said about the lawsuit filed by Emerson Equity.
The agency settles with Sacramento-based Keith Springer and his firm, Springer Investment Management, over fraud charges.
The Department of Labor may not be inclined to change a proposal that would potentially upend the business model for independent broker-dealers and insurance agents.
The case demonstrates that Finra has more latitude to purse excessive trading violations, says a former head of enforcement.
The SEC is extending the comment periods on 11 rulemaking proposals and one request for comment due to problems with the electronic comment form on the agency’s website.
By honoring Bernanke, the prize committee have taken an unusual step of adding an actual practitioner of economics policy to their pantheon.
Hitting the sweet spot between taking advantage of new marketing opportunities and staying in compliance with the SEC marketing rule will be a big challenge for advisers.
The North American Securities Administrators Association is working on a model rule that 'mirrors' the SEC regulation.
The final rule is coming out at a time when sustainable investing has become a political flashpoint.
The presidential pardon for those with marijuana convictions was interpreted as a step toward federal decriminalization and sparked a rally in funds offering exposure to cannabis companies.
Tuttle Capital Management is seeking SEC approval to launch two active ETFs populated with the 'Mad Money' host's favorite stocks.
The change will offer the regulator's employees a hybrid approach that combines in-office and remote work.
Groups like XY Planning Network and the CFP Board view a document from the state's Division of Securities as undermining fee-for-service models.
The regulator says the firm didn't search the market to see if it could find better prices for customers, in a case that's another example of the regulatory crackdown in this area.
Comments from the Chamber of Commerce focused on making enforcement fairer, while organizations disagreed about who should be eligible to participate in private markets.
It's the second time in as many weeks that Finra has penalized a firm for such trading problems.
The lack of Democratic support likely would keep legislation on using alternatives in retirement plans out of the Secure 2.0 mix.
The securities watchdog said she broke US rules by not disclosing she was paid for the promotion.
The self-regulator formally removes the $310,000 ceiling on the fines that can be imposed on midsize and big brokerages.
Bradley A. Goodbred, who's based in suburban Chicago, allegedly defrauded a client who's now 97 and suffers from dementia.
