New guidance highlights a risk‑based approach, pressing firms to formalize review processes, clarify business‑record obligations, and align AI deployment with fiduciary duties.
In one instance, the advisor recommended an 81-year-old client, with an annual income of less than $50,000 and a net worth of $100,000 buy $96,000 of GWG L bonds.
"These crypto platforms are where broker-dealers were in the 1980s in terms of supervision," said a plaintiff's attorney.
State-registered RIAs managing less than $100 million in Alabama can now use online reviews in their marketing, which SEC-registered advisors have been able to do since 2021.
White House says new directive curbs political agendas in shareholder voting advice, such as ESG and diversity
The legislation now headed to the Senate would help tamp down potential pump-and-dump schemes by foreign private issuers.
Guidance calls for oversight calibrated to use‑case risk, from note‑taking and admin tools to higher‑stakes decision engines.
Self-regulator outlines emerging AI use cases at member firms, rising techn‑driven scams, and persistent supervisory weaknesses in marketing and annuity recommendations.
SEC says the former broker and RIA rep ruined several clients – including military officers and a retired civil servant – as he falsely claimed a winning trading history in trading and promised high fixed returns.
The Treasury secretary maintains the current Federal Reserve leadership strayed from its founding principles due to districts "importing a bright, shiny object."
Switching clients’ mutual funds is well-established industry practice to generate commissions charged to clients.
Robert Swagger told clients he was investing their money into a streaming company for faith and family-friendly media projects.
The move to give Mary Callahan Erdoes a board seat comes amid accusations that the Wall Street giant enabled the deceased financier's sex trafficking operation.
The bipartisan measure, co-authored in the Senate by Elizabeth Warren and approved by President Donald Trump, clears numerous hurdles that held taxpayers back from challenging the tax agency.
Nearly a dozen industry associations signed a letter of support for the Financial Exploitation Prevention Act, which would let mutual fund firms and transfer agents pause transactions if elder abuse is suspected.
The White House has reportedly granted clemency for private equity executive convicted over $1.6 billion GPB Capital scheme targeting thousands of investors.
GWG Holdings and its bond issuance have been at the center of bankruptcy, litigation, and more. This is InvestmentNews' complete coverage.
appeals court has thrown out Neil Cole’s fraud conviction, raising the bar for government prosecutions in financial reporting cases.
A Texas judge dismisses fraud claims against a California fund manager after a high-stakes real estate joint venture falls apart.
A failed cannabis venture lands in bankruptcy court after fraud, SEC action, and millions in investor losses.
