Regulator's complaint details examples of repeated applications – in some instances as many as 13 in one month.
The analysis found that a federal auto-IRA, improved Saver's Credit and other proposed changes would have a substantial impact on retirement preparedness.
In a recent public appearance, the SEC chair addressed so-called 'regulation by enforcement' without mentioning it by name.
The Massachusetts securities regulator's latest sweep targets the broker-dealers of the largest fund companies in the industry: Vanguard, Fidelity, T. Rowe Price, BlackRock and American Funds.
German Nino used $4.2 million of a client's money on gifts for several women with whom he had romantic relationships.
In a decision that's almost certainly unwelcome news for retirement plan sponsors, the Supreme Court said lower courts paid too much attention to whether the university's inclusion of some low-cost options in its plans is sufficient to show fiduciaries abided by their duties.
The technology lets artificial intelligence do the monotonous tasks of compliance reviews, allowing marketers and compliance teams to focus on the more complex details.
A pending proposal would be designed to enhance cybersecurity preparedness and incident reporting.
Legislation would establish a program that provides $10 million annually to states to investigate, prosecute abuse.
The agency seems to be moving toward seeking admissions of guilt from firms based on first-of-their-kind enforcement actions that it has taken as well as comments that its leaders have made.
The Office of the Comptroller of the Currency terminated an order related to add-on products, in another sign of progress for CEO Charlie Scharf's efforts to turn the bank around.
The broker-dealer self-regulator also punished the firm for inaccurate and omitted conflict disclosures in research reports.
Firm is waiting for clarity on ETF rules, CFO Portney says.
Ivan Acevedo pleaded guilty last summer to conspiracy to commit mail and wire fraud for his role in the $1.3 billion Woodbridge real estate scheme and is currently in federal custody, according to the SEC.
The theme of the broker-dealer self-regulator's agenda this year is protecting the retail investors who have surged into the financial markets, Finra CEO Robert Cook said during a webinar.
'It’s really important to get the public feedback, but it’s also really important to move on,' the agency's chairman told a group of financial industry representatives.
Ex-broker Perry Santillo also must pay $103 million in restitution.
OCC gives conditional banking license for online lender SoFi.
Litigators this week brought class-action lawsuit claims against PPL Corp., Mass General Brigham and Milliman Inc. over their multibillion-dollar 401(k)s and 403(b)s.
While 2021 presented several challenges, there were also many positive legislative and regulatory developments over the course of the year.
