By using a proactive approach, firms not only save time and minimize risk, but they also instill confidence into their team from the top down.
A bill introduced by Rep. Angie Craig, D-Minn., faces long odds this year, while the prospects for broader reform of the program depend on the outcome of November's election.
The executive, who had been senior adviser to Finra CEO Robert Cook, will spearhead regulatory integration.
Denizens of the metaverse can be ripped off by virtual investments, the North American Securities Administrators Association said in an advisory.
Gregory Lindberg and Christopher Herwig allegedly misappropriated $57 million in client funds, while their firm collected more than $21.4 million in advisory fees in connection with these schemes.
The agency charged the firm with failing to monitor whether wrap-fee accounts were in the best interests of clients who did little trading.
A Finra arbitration panel said the firm owes Shlomo Salant compensation for 2014, the year he reached a settlement with the Commodity Futures Trading Commission for allegedly faking market interest in futures.
Thirteen states have tax laws that would treat forgiven debt as income, meaning it's subject to state levies on earnings.
The bank won’t be part of the underwriting syndicate for transaction after state Comptroller Glenn Hegar included UBS on list of firms he deems “boycott” the fossil-fuel industry.
The document may be an indication that the agency will pursue more complex Reg BI violations.
The firm was fined $210,000 for falling short on its supervision of short-term mutual fund trades, the regulator said.
The Federal Reserve chair pushed back against the notion that the central bank would soon reverse course.
Student loan forgiveness will diffuse through the economy, blunting its direct impact.
BlackRock, UBS and Schroders are among the financial firms called out by the state comptroller for their 'boycott' of fossil-fuel companies.
But advisers have concerns that the loan forgiveness may contribute to inflation and that it transfers the repayment burden to taxpayers.
The plan would set a $125,000 income cap for individuals and $250,000 for households, and would provide up to $20,000 in loan forgiveness for those who also received Pell Grants.
Setting up shell companies abroad and registering them with the IRS as offshore financial institutions lets Americans sidestep FATCA, according to the report.
In comment letters, fund companies and industry groups ask for more clarity from the regulator.
Bills in both the House and Senate would establish an SEC grant program to support investor advocacy clinics at law schools.
The brokerage firm's in-house energy fund, Energy 11 L.P., reports $45 million in 'unpaid distributions' to investors.
