Seniors lose more than $3 billion annually as a result of financial scams and other forms of elder abuse, and as baby boomers continue to age, this already staggering figure is sure to rise.
The bipartisan letter asks the Government Accountability Office to examine current protections in defined-contribution plans.
The Securities and Exchange Commission wins its case against Jonathan Dax Cooke for fraudulently selling variable annuities to hundreds of federal employees.
A Finra hearing panel also ordered the Salt-Lake City broker-dealer to pay $2.3 million in restitution.
The firm's CEO said the war will prompt countries to reconsider their reliance on traditional money and payment systems.
Dempsey Lord Smith and BD4RIA were negligent in 2018 when they failed to inform clients that GPB had missed a deadline for filing financial information, according to Finra.
The state claims U.S. Data Mining Group sold $4 million in unregistered securities to Massachusetts investors.
The disclosures mandated in the SEC's proposed regulations would help connect severe climate activity to business costs rather than simply labeling them force majeure, a fund company executive said.
Securities issuers would also have to report Scope 1 and 2 emissions, or those that are directly from their operations and the energy they use, on their registration statements and periodic reports.
The vote to release the proposal shows a deep divide at the agency, and Republican Commissioner Hester Peirce warns the SEC is exceeding its authority.
The fine and restitution to customers stem from sales of two alternative investments, the LJM Preservation & Growth Fund and private placements issued by GPB Capital Holdings.
The state's former securities commissioner, Irwin is campaigning for a seat in Congress.
The Vermont Department of Financial Regulation said at least 40 customers in the state complained.
Sen. Sherrod Brown says PE has a track record of 'undermining pension and retirement programs.' The American Investment Council praises PE stewardship of insurance firms.
The Securities and Exchange Commission chairman raised questions about the effect that behavioral prompts — like encouraging clients to trade more often or using algorithms to steer them into high-risk, high-fee products — might have on investing outcomes.
Scott Allen Fries, a former Transamerica rep and adviser, took at least $458,000 from at least 10 individuals.
Finra didn't provide details about the rules, which will be made public when they're submitted to the Securities and Exchange Commission.
Vanguard was forced to sell as much as 15% of the assets in retail target-date funds, resulting in substantial capital gains taxes for investors who held the funds in taxable accounts, the lawsuit asserts.
Lee will stay at the watchdog until President Joe Biden names her successor and that person is confirmed by the Senate.
The regulator said that firms should stress-test trading positions in light of 'current events and potential market movements.'
