Amy Cooper says the company falsely claimed that it conducted an investigation before firing her.
Gensler told lawmakers Wednesday that special purpose acquisition companies and digital coins pose significant policy and investor-protection questions.
Study co-authored by Robert Jackson Jr. shows that 'wandering advisers' who leave one regulator and continue operating under another are more likely to commit misconduct.
Banking Committee Chairman Sherrod Brown challenged the executives 'to be as good to the American people as the nation has been to you.'
The regulator is taking ownership of the work that is needed to provide some comfort around custody issues in the crypto space. 'The bottom line message I have is that we have work to do,' she said.
Although the brokerage industry is shrinking, it's still doing well financially. Aggregate revenue for Finra-registered firms totaled $362 billion in 2020, down from $388 billion in 2019 but higher than every other year since 2016.
The measure proposed by Sens. Warren and Daines addresses the $8.5 billion sitting in lost retirement plan accounts.
The bipartisan bill aims to help the 52% of employees in the state who don't have access to a retirement plan at work.
SEC bars Emil Botvinnik, a former registered rep with Windsor Street Capital, as part of final judgment that includes $1.14 million disgorgement.
Bipartisan legislation proposed by Sens. Cardin and Portman aims to help boost savings.
A class-action lawsuit alleges that the company breached its fiduciary duties in connection with a change in the investment menu. Most of the assets in the $1.4 billion plan went into Russell Investment target-date funds, according to the complaint.
The executive order mandates an assessment of how to reduce climate risks to financial stability; the assessment would also detail plans financial regulators have for bolstering disclosures.
The agency says the New York institutional firm mismarked hedge fund orders.
The legislation introduced Thursday would amend the Employee Retirement Income Security Act to specifically allow plans to consider ESG factors 'when they are expected to have an impact on investment outcomes, provided plans consider them in a prudent manner consistent with their fiduciary obligations.'
The announcement pared Bitcoin's rebound from Wednesday's rout, shaving about $3,000 from the token's price.
Companies that have waded into the PEPs business as pooled plan providers see tax-exempt organizations as very attractive, having even more potential than groups eligible to operate 401(k)s.
The filing will give potential investors their first comprehensive look at Robinhood's financials and the risks associated with the stock.
The U.S. is seeing a supercharged federal budget combine with a lax monetary policy posture, just as in the 1960s, when the combination led to the start of a years-long climb in inflation.
Professionals in any trade “have a sacred obligation to the client and society as a whole,” Blaine Aikin, founder of Fiduciary Insights, said in the keynote presentation at the InvestmentNews RIA Summit.
Lawyers group says regulators and the customers who had complaints should be able to present evidence in expungement requests.
