Former governor says the firm, two former brokers were responsible for $50 million in losses
Fees for underwriting investment-grade bonds doubled in the first half
Funds would be required to report holdings quarterly if they have at least $3.5 billion of equities, up from the current threshold of $100 million
While not exactly novel, the legislation is a sound first step toward getting Main Street investors the tools they need
The agreement is separate from a $25 million settlement reached in a similar suit brought in 2016
Rhode Island keeps its requirement on the books
Benjamin Alderson, the former CEO of deVere USA, also agrees to a permanent bar
Democratic legislators want the agency to collect data on the impact of promoting unregistered securities
Should advisory firms take forgivable PPP loans when they didn't suffer any interruption in their revenue?
Consumer and investor advocacy groups have asked Labor to provide more time for public input
Paychex, Astellas and Aon were recently sued, and the $12.4 million settlement in a Northrop Grumman suit has been held up
Initial reviews will focus on whether firms have put in place policies, procedures and training
The measure would cover supervision, cybersecurity and business continuity, among other areas
COVID-related job losses this year could reduce Social Security benefits for millions of people born in 1960
The firms exceeded the 10% cap on a fund manager investing in another investment company
The Treasury would build a national account-tracking system, under bipartisan legislation co-sponsored by Sen. Elizabeth Warren
Reg BI should serve as a ‘true north’ for state officials and other regulatory agencies that are working on their own standards
Senior reporter Mark Schoeff Jr. joins senior columnists Jeff Benjamin and Bruce Kelly for the latest episode of the InvestmentNews Podcast.
The settlement resolves a class-action case that alleged the firm breached its fiduciary responsibility to plan participants
NASAA based its model rule on measures in place in Indiana, Montana, Vermont, Kansas and Maine
