Finra hits LPL, Interactive Brokers with fines as 2023 closes.
With lots of new and existing regulations to deal with, as well as the challenges posed by AI, it's shaping up to be a strenuous year for compliance executives.
The lack of progress is worrying environmental activists given the approach of the US presidential election, which could scuttle the regulator's ESG efforts.
'We will build our own principles-based models best suited to emerging financial technology innovations,' says state's securities regulator.
Separately, Empower joins industry chorus calls on DOL to withdraw its retirement security proposal.
'If there are layoffs, arbitration naturally follows,' says George Friedman, editor of the Securities Arbitration Alert.
It's crucial for investment advisors to recognize the consequences of failing to meet their annual continuing education obligations.
The space is dominated by only a few hedge funds, and that could be risky.
Claimants alleged fraud, elder abuse, and breach of contract and fiduciary duty.
Finra alleges a southern California broker kicked back $900,000 in commissions to non-registered sales person.
Fintech says its solution provides greater scrutiny of ESG claims.
"It's not a good day for Austin Dutton," says one attorney.
Inflation, retirement savings growth expand pool of sophisticated investors, according to SEC Report.
GPB's founder was an accountant who couldn't do the firm's accounting.
Finra CEO Robert W. Cook defended the broker-dealer self-regulator, citing efforts to rein in firms with long disciplinary histories and protect senior investors.
Congress is trying to address the incompatibility of the accounts as state auto-IRA programs proliferate.
'It’s crystal clear for the prospective client that the insurance producer is selling,' says an insurance industry representative.
After a relentless stock rally, central bank makes its final policy announcement of 2023.
The legislation is unlikely to get the president's signature, and it probably couldn't stop the DOL's fiduciary rule.
On day one of public hearing, critics argue potential new measure will alienate some clients and is 'overbroad, unnecessary and inconsistent.'
