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.
The insurer will pay almost $21.6 million to consumers and their beneficiaries, along with $2.2 million to the New York State Medicaid program and a $2.5 million penalty to New York state.
The asset manager said requiring new disclosures for funds that just consider ESG criteria among many other factors could muddle the situation.
Finra has proposed a pilot program for firms that want to continue remote inspections, in line with the seemingly permanent use of remote work.
Eric Noll, the CEO of Context Capital Partners, first joined the Finra board in August 2020.
William Galvin announced a 'sweep' of firms offering the new ETFs, which he compared to gambling at a casino.
Pending investigation, Massachusetts adviser Filippo Mastrocola can’t use CFP certification mark.
Criminal and civil fraud charges were filed against Anthony Mastroianni Jr., who sold fake promissory notes to older investors.
Regulator says rep defrauded clients by saying variable annuities were commission free.
SEC, CFTC worried that messages were being completely lost and would ultimately make it harder to look for wrongdoing.
The agency is asking companies offering ESG funds whether they lend out shares, which could impact their ability to cast ballots in corporate elections.
Senate Finance Committee Ron Wyden has requested information about private placement life insurance, which can be used to shelter hedge funds and other products from taxes.
The Inflation Reduction Act will boost the agency's funding by $80 billion over 10 years to strengthen its enforcement and compliance efforts.
