Industry groups support SEC advice rule proposal, investor advocates call for overhaul.
The SEC and U.S. Attorney's office are investigating an alleged loan fraud sold, at least in part, through a network of unregistered brokers and financial advisers.
SEC advice rule proposal puts regulators, industry, investors in much better starting position than where we ended with DOL fiduciary rule.
Participant argued that the plan could have offered a better-performing, nonproprietary TDF.
Regulators are looking at the bank's purchases of low-income housing credits, according to a filing.
In SEC roundtables, agency leaders hear ideas ranging from cost calculator to graphic illustrations.
A handful of other fund managers have settled similar allegations over the past two years.
Ms. Lee, who has worked as an SEC enforcement attorney, would replace her former boss, Kara Stein.
Westminster Financial Securities said to be reneging on agreement to pay elder client, including for a $200,000 bronze bear purportedly purchased from a broker's mother.
Texas adviser embroiled in Seth Rich lawsuit says false charges cost him professionally and personally.
Observers say the proposal could open up areas of arbitrage, depending on how it's drafted.
A new report from Pew recommends the U.S. look internationally to improve fintech regulations.
In comment letter, Investment Adviser Association criticizes SEC advice rule for net capital, account statement and licensing requirements.
Four main changes should be made before a final rule is issued
Action concludes settlement in case of improper stock-loan revenue actions.
Examiners question brokerages about fees, financing and initial coin offerings, in addition to data on investment advisers' involvement.
But the agency's proposal does not require brokers to be fiduciaries for clients, instead establishing an undefined "best interest" rule.
Gilbert Fluetsch is alleged to have spent customers' investment funds mostly on unrelated business and personal expenses.
Ex-audit department employee says she brought concerns to Finra and then was let go days later.
Investigation focused on the creation and sale of loans contributing to the 2008 financial crisis.
