Ian Gregory Bell was ordered to pay more than $1.3 million after being found guilty of using investors' money on various personal luxury items.
The Scottish dance music producer alleges Thomas St. John "absolutely breached [his] trust" over a planned development for musicians and artists, according to reports.
Analysts say the president's call for a six-month reporting schedule, which he first suggested in 2018, would increase uncertainty even as it reduces the burden for public companies.
Where the federal regulator comes down on ETF share classes in mutual funds could have significant consequences for brokerage firms and RIAs.
The former Colorado resident allegedly caused private funds his firms advised to make detrimental short-term loans without investors' knowledge, among other fiduciary breaches.
The approved compensation would be on top of an even larger $133 million fair fund set up in a related SEC settlement, according to lawyers for the aggrieved investors.
Annual snapshot shows registration failures, fees, and fiduciary shortfalls as top enforcement issues, with California, Texas, and Florida hosting the most state-level RIAs.
The New York-based exchange's bid to trade tokenized versions of listed stocks and funds comes as Washington signals a friendlier stance toward digital assets.
James Warring and his firm, EagleStone, charged the client unauthorized and undisclosed fees during parts of the RIA relationship, the SEC claims.
Stifel's total is now more than $176 million in damages, legal fees and settlements related to Chuck Roberts, who was barred from the securities industry this summer.
CFP Board, the Financial Planning Association, and the National Association of Personal Financial Advisors reiterate the need for a harmonized federal and state-level approach.
"Despite the weak headline ... Equities are reacting positively, and bonds yields down as this softer print cements a Fed rate cut in September, with the door open for more easing through year-end," said Lara Castleton of Janus Henderson Investors.
"The settlement proceeds are being used to reimburse outstanding legal and other third-party expenses in accordance with the funds’ governing investment documents, not as corporate profit," a company spokesperson told InvestmentNews.
The presiding judge stressed his "gravely serious" acts contributing to the far-reaching fraud at the family office but credited him for cooperating with US authorities.
Atlanta Fed President Raphael Bostic published an essay on inflation risk and said that evidence of a weaker labor market warrants a single quarter-point rate cut this year.
Osaic has now paid $17.2 million to settle claims involving former clients of Jim Walesa.
The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.
A federal appeals court has revived key fraud claims against Peloton, with institutional investors alleging the company misled the market on demand and inventory.
Analysis highlights swelling out-of-pocket costs and wasted time on paperwork, with an outsized toll on businesses and around crypto transactions.
A new analysis shows the number of actions plummeting over a six-month period, potentially due to changing priorities and staffing reductions at the agency.
