FINRA has been focused on firms and their use of social media for several years.
The industry group and other financial associations called out risks from premature disclosures, overreporting, and bad actors weaponizing the rule's requirements.
A section of the House-approved bill targeting counterparties in decades-old treaties could impact institutional investors, as well as retail participants and businesses with US interests.
The collective of groups including CFP Board, the FPA, NAPFA, and XYPN called for continued support in a legal battle to reinforce clients' best interests.
The competing legal strategies appear contrary to Stifel's public statements about defending its structured notes' tactics.
FINRA says AAG Capital failed to maintain oversight in line with Reg BI, leading some life insurance customers to give up death benefits worth over $100,000 more than the cash surrender value.
SEC comissioner Hester Peirce and FINRA CEO Robert Cook stressed the importance of partnership between the two organizations during a recent FSI conference.
The New York-based advisor, formerly affiliated with Securities America, has also been suspended for failing to disclose his status as a beneficiary.
The agency's new chairman Paul Atkins says "common-sense" review of 23-year-old restrictions could unlock the $31 trillion industry to more investors.
A New Jersey appellate court reinstates regulators' ability to seek both restitution and disgorgement in a securities fraud case involving unregistered investments and diverted investor funds.
A federal appeals court has sided with activist investors in a closely watched proxy battle involving nine Puerto Rico municipal bond funds.
Judge rejects shareholder lawsuit targeting Fidelity's preferred stock deal.
State regulators coalition urge additions to proposed rule change, including activities at unaffiliated investment advisers and stricter recordkeeping.
With a new regime at the SEC, Savvy Wealth's Lisandra Wilmott speaks out on ongoing and unfolding risks around off-channel communications, AI, and private market investments.
The firm has been dogged by compliance issues for years, resulting in multiple fines by various regulatory bodies.
Wall Street giant avoids penalties as regulator ends yearlong review of interest treatment on idle client cash.
Regulator wants to know which rules are outdated
Buyouts, layoffs, early retirements, and hiring freezes have added up to the steepest cuts in decades at the SEC and other federal agencies.
Action follows years of investigation by US law enforcement.
The SEC hailed the verdict against the investment advisor, who the agency said breached his fiduciary duty to retired and pre-retiree clients.
