The SEC said Equitable had provided false statements to 1.4 million variable annuity customers, most of whom were teachers or other public school employees.
Proposal filers and proxy advisers want the regulator to do more.
This month's roundup looks at Schwab's $187 million settlement with the SEC, Bento Engine's funding round, and RIA In A Box's launch of a RolloverAnalyzer solution.
The sweeping civil probes rank among the largest-ever penalties levied against US banks for record-keeping lapses.
A study by the group’s education arm sees greater financial literacy resulting in greater capability.
The SEC chief says disclosures can be tailored for digital firms. He mentioned that such an approach is used for asset-backed securities and equity offerings.
The agency approved rules that free proxy advisers from restrictions placed on them at the end of the Trump administration; it also amended the reasons companies can use to try to keep shareholder proposals off their ballots.
Meanwhile, the firm's wealth management franchise reported positives for the second quarter despite the broad stock market decline seen so far this year.
It's the first time the regulator has taken an enforcement action related to remote test taking.
The first examples of this new strain of ETF creativity could hit the markets within days, giving day traders another toy and financial advisers another headache.
The regulator accused the firm of 'double-dipping' by receiving both advisory fees and fees generated from products with high transactional costs.
But opponents, including SEC Commissioner Hester Peirce, want the agency to scrap the whole project.
The attorney, John W. Pauciolo, provided the legal approval for years of commercials advertising the unregistered Par Funding investments.
The latest iteration of Chairman Gary Gensler's agenda contains 53 pending proposals. The financial industry is nervous.
The House approved the retirement-industry boosting SECURE Act 2.0 in a landslide, setting the stage for a Senate vote in the back half of 2022.
Regulation Best Interest now ranks 14th on the list of the types of controversies involved in disputes between customers and brokerages. It likely will keep rising on the list.
Vanguard lowered the account minimum for an institutional target-date fund, causing a migration from the retail TDF, leaving those who held onto it in taxable accounts with a big capital gains bill.
An Investment Adviser Association survey shows that for the second year in a row, the SEC advertising rule is the top compliance concern.
The Certified Financial Planner Board of Standards Inc. issues 17 sanctions in its latest round of disciplinary actions.
The broker-dealer self-regulator's net income of $218 million was $199 million higher than in 2020, thanks to significant increases in trading fees, investment gains and fines.
