Newbridge Securities failed to supervise advisors using margin in clients’ accounts, according to Finra.
Canadian bank's capital markets arm reportedly failed to detect representatives' misleading disclosures involving $3 billion of mortgage-backed "sliver bonds" sold over a multi-year period.
Company says the latest disclosure is not linked to off-channel communication issues.
A regulator has banned the Islamic investment firm's campaign calling for a "money revolution" after multiple complaints led to a finding that it caused serious offense.
The agreement puts an end to one of many Biden-era efforts to exert regulatory control over the cryptocurrency space.
Private equity is illiquid, hard to value, and expensive. Yet it could be useful within target-date funds, and the industry may be lobbying the Trump administration to get into the 401(k) market meaningfully.
A $5.9 billion pension liabilities transfer Verizon made last year to Prudential and RGA is at the center of the latest lawsuit over pension-risk transfers.
The firm allegedly missed warning signs linked to stock transfers, one attorney claims.
Two long-standing rules "detested" by millions of public-sector workers for the reductions they make to Social Security benefits may soon go away at a cost of $190 billion.
The companies admitted the SEC's findings and made remedial efforts to fix their "blue sheet" transaction reporting, the regulator said.
Finra orders on Friday noted that the companies proactively corrected errors following exams in 2020 that found customers were not properly given rights of reinstatement for mutual fund share purchases.
David Braeger is at least the second former advisor from Wisconsin this year to face prison time.
Americans estimate the value of their digital assets in the hundreds of the thousands of dollars. Advisors don't all bring it up, but digital estate planning is timely, especially with bitcoin exploding and a major social media site approaching a ban.
Advocacy group argues the measure, set for approval by the Senate, disproportionately favors certain public workers while risking the stability of the program.
FiNet is the independent broker-dealer arm of Wells Fargo Advisors.
The investment giant caused two SPACs it controlled to make inaccurate statements to investors about merger discussions, according to the federal regulator.
“The arbitration panel felt that [the advisor] was disrespecting the process,” the clients' attorney said.
The three individuals impersonated legitimate financial professionals and used voice-altering technology to deceive at least 28 retail investors, according to a court filing by the regulator.
“It’s probably the most important issue relating to investor justice,” the SEC's ombudsman said at the Investor Advisory Committee meeting Tuesday.
The president-elect's nominee, whose regulatory stance contrasts sharply with outgoing SEC Chair Gary Gensler, drew cheers from voices in the crypto and investment industries.
