Stoever, Glass & Co. Inc. opened in May 1964 and focused on municipal bonds.
Anonymous sources report the efficiency initiative is expected to turn its focus to the federal securities agency in the days ahead.
Elderly clients impacted in transfers to higher-fee advisory accounts.
But the Finra panel's decision against James Iannazzo was not unanimous.
The agency is reverting to a Trump-era policy that allowed public companies to widely exclude environmentally and socially themed resolutions.
Financial services companies are being targeted for potential legal action over their programs and initiatives on diversity, equity, and inclusion. It could be just the beginning.
Acting Chairman Mark Uyeda directed SEC staff to initiate a pause in court while the commission awaits a quorum. The SEC may decide to withdraw from defending itself in a lawsuit over last year's climate disclosure rule.
“If Morgan Stanley had called my client’s son, this wouldn’t have happened,” the investor's attorney said.
Locked out of their offices and told to stay home, employees at the Consumer Financial Protection Bureau have asked the courts to intervene as Elon Musk and Republican leaders move to shut down the agency that was established to protect people from predatory lending and financial scams.
While the regulator's lawyers may be exempt, a federal effort to purge workers is causing uncertainty across its broader employee base.
National Securities Corp. sued the advisor in 2020, alleging breach of contract and unjust enrichment.
The agency moved its key man driving actions under former chair Gary Gensler as new leadership works toward more constructive crypto regulation.
In a move that risks slowing down enforcement, staff must reportedly first get a thumbs up from the commission's newly installed Republican-led leadership before formally undertaking investigations.
A petition by the famed short seller argues recent enforcement actions "create a chilling effect on free speech and market participation" in stock trading.
The state's order is a step in negotiating a potential fine with the firm.
The advisor “failed to disclose multiple conflicts of interest and misappropriated client assets," the SEC said.
"Whatever we decide, someone's going to be potentially unfairly treated," Justice Sonia Sotomayor said during oral arguments Wednesday.
While promising to halt offshore wind projects, open up wild lands for drilling, and cull incentives for electric vehicles, Trump's first round of actions may not necessarily boost energy companies or hold back renewables, observers said.
The group led by Commissioner Hester Peirce will take input from within and outside the agency to create a clear regulatory framework for crypto assets.
The newly inaugurated Trump White House taps the contrarian commissioner as temporary head amid a slew of walk-outs from the agency.
