'It's supervision by Zoom,' PIABA says, while Finra says the new rules reflect hybrid work arrangements while protecting investors.
Regulator alleges that the firm used customer cash to pay expenses.
'The strategy involved frequent in-and-out trades that placed the broker’s interest in generating commissions and fees ahead of the customers’ interest in making a profit,' the SEC order states.
'There seems to be a little more detail in the Finra rule about the guardrails on the use of the projections,' a compliance lawyer says.
Sheryl Garrett, founder of the Garrett Planning Network, got a shout-out from President Obama in 2015 when he introduced a Department of Labor fiduciary rule. Now she’s joining the fight to support the Biden administration’s proposal.
SEC reviewing submission to allow 'useful' projected performance.
FDIC deposit insurance fund paid out around $16B.
ECB president wants to give regional securities regulator similar powers to the US body.
About 15 million clients' details were exposed after information was left on decommissioned computers.
The Department of Labor stopped another financial industry attempt to slow the measure by declining to extend the public comment deadline of Jan. 2.
The regulator's settlement with the US unit of Canadian firm relates to sales of Canadian private placements.
But there are still several key areas of disagreement among lawmakers.
'Last fiscal year’s results demonstrate yet again the Division’s effectiveness,’ says SEC Chair Gary Gensler.
Titan Securities is already among the departed. It's not footing the bill for its own funeral.
Goldman Sachs? Not so much.
Coalition says it wants to ensure it funds firms with strong guardrails.
Government report says pace of change needs to accelerate to avert worst results.
New poll shows concerning numbers for the president.
If a federal shutdown occurs, the SEC would cease most operations, potentially jeopardizing pending rules. The IRS would also go quiet as advisors wait for SECURE 2.0 guidance.
'Senate Democrats are highly unlikely to go along with [those provisions] that have been inserted into appropriations bills in the House,' says an official at an advisor trade association.
