The agency could be on the path toward clarifying whether online trading platforms are giving investment advice. The examination will also consider potential conflicts of interest between brokers and investors.
Carrie Tolstedt, who was a senior vice president at the bank, cited her constitutional right against self-incrimination more than 100 times in a response filed to an SEC complaint claiming she misled investors.
The agency fined 8 firms, including Cetera and Cambridge, a total of $750,000 for inadequate policies and procedures to protect customer information.
Two clients complained to LPL about annuity contracts that differed from the ones they agreed to purchase, according to the regulator.
The long-delayed report, which is due every year no later than April 1, is expected this week and should highlight the pandemic's impact on program funding.
On Thursday, the asset manager's shares had plunged as much as 14.2% on the news that Germany’s financial markets regulator, BaFin, and U.S. prosecutors were probing claims by a former sustainability executive that DWS overstated the amount of assets adhering to social and environmental criteria.
The agency issued a wide-ranging request for comment on how online brokerages use game-like features and other tools to attract investors.
Only about a third of U.S. savers are even aware that they pay fees on their retirement plans, a new report from the GAO found.
Gary Gensler calls consumer advocate Roper 'a champion for investors'; she has worked for 35 years at the Consumer Federation of America.
Federal court freezes the assets of Marietta, Georgia, registered investment adviser John Woods.
When Louis Hanna was fired in 2017, he was 50 years old, had early-stage prostate cancer and was seeking medical leave, according to the complaint.
Robert J. Mueller of San Antonio bilked nearly 300 investors over several years, the agency says.
The plaintiff allegedly lost $24,000 when the fund was removed from the plan and his assets were transferred to a target-date fund.
The asset manager known mostly for its money market funds has high hopes for its late move into fast-growing exchange traded funds. The firm first filed plans to launch the fund 10 years ago.
The enforcement action centered on a decision in April 2019 to replace third-party ETFs in approximately 20,000 automated accounts with funds sponsored by the firm’s parent company, Social Finance Inc.
But Sen. Chris Van Hollen, D-Md., says it's too soon to tell whether his proposals will be adopted in the $3.5 trillion budget bill working its way through Congress.
Fusion Analytics and head Michael Conte misled investors, agency charges.
Battery Private and Jeffrey Slothower allegedly misappropriated $1 million in two separate schemes.
The development in the 403(b) plan case is considered a victory for the law firm Schlichter Bogard & Denton, which several years ago led a legal crusade against universities and other plan sponsors.
Incumbent Paige Pierce and challenger Daniel Logue are competing in the only contested race in the election that concludes on Sept. 1.
