The firm also reached a confidential agreement with former executive Jes Staley.
Law firm Capozzi Adler has three weeks to file an amended complaint after a judge grants a motion to dismiss.
Matthew Motil is accused by the SEC of fraudulently raising money from investors.
It could take a while for ESG to become more widely available in 401(k)s, even if the political focus on it dies down.
'The industry deserves to have the scrutiny that’s being placed on it,' says Ethan Powell, founder and CEO of Impact Shares.
Instead of generating anxiety among advisors, sweep contains no hidden surprises, says compliance expert.
As the SEC marketing rule nears its first anniversary, most firms have yet to take advantage of the testimonials and endorsements it allows.
'We see a lot of angst from advisors that are frustrated that the federal [SEC] firms get to' use client testimonials and reviews in advertising 'but they can’t do it in their state,' says XYPN co-founder Michael Kitces.
Major regulations and legislation made headlines, and big asset managers faced protests over fossil fuels.
Carl M. Hennig Inc. has 10 registered reps and about $1.3 billion in client assets.
The measure is likely to make a rollover recommendation a fiduciary act. But if the agency doesn't complete the measure soon, it's vulnerable to being overturned by the next Congress and White House.
Law firm Lieff Cabraser is reportedly busy sending letters to plan sponsors.
The final regulation targets 'greenwashing' but strips out what would have been 'a more onerous' ESG provision, a lawyer says.
Lawmakers say changes would hurt retirement investors. They also raise concerns about a proposal to curb advisor conflicts related to AI.
The disputed deal involved a loan to Miami-based Brightline Holdings, which is developing a high-speed rail line between Los Angeles and Las Vegas.
Tax officials will focus on high earners and corporations that are not paying their fair share.
Investment Adviser Association files petition pushing agency to make number of staff, not AUM, the deciding factor in defining a firm as 'small.'
Over nearly three years 'our branch examiners have refined their skills and become very adept at identifying risk remotely,' insists LPL Financial.
Hodgepodge of different regulations needs addressing, says securities lawyer.
Legislation in California that will likely become law goes much farther than an SEC proposal on emissions reporting for public companies.
