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SEC’s lawsuit is a stretch to regulate insurance, lawyer says
A case against an advisor and insurance agent over his failure to disclose commissions could have wider consequences.
Titan hit with $1 million penalty in ‘perfect compliance cocktail’
Compliance experts have their say after SEC's first enforcement action based on new marketing rule highlights dangers of hypothetical-performance ads.
Finra names new head of enforcement
Bill St. Louis, a long-time Finra executive, succeeds Christopher Kelly, who had served as acting head of enforcement since February.
Why ESG is hard to sell to many advisors
The term is used and misused to the extent that it has lost meaning — but it's not going away, and it could be a mistake to ignore it.
Tsunami of new rules bears down on advisors
With the SEC preparing to approve a number of major proposals next year, firms face added costs and a huge amount of compliance work.
SEC races clock to keep rules out of congressional kill zone
Regulations that go final during the summer or later in an election year can be vulnerable to a procedure that lets the new Congress disapprove rules approved during the previous Congress.
Largest federal union backs O’Malley for Social Security commissioner
The AFGE represents 43,000 employees of the Social Security Administration.
US poised to greenlight new wave of crypto ETFs in the fall
Unnamed SEC sources signal the regulator is considering approval of new funds.
Finra arbitrators order former advisor to pay $664,901 for unsuitable options strategy
Alabama-based advisor denies he did anything wrong in a statement on his IAPD profile.
House Republicans take anti-ESG campaign to CalPERS
The California Public Employees’ Retirement System has turned over thousands of pages of documents in recent months to Congress.
Advisors urge Congress to weigh debt reduction against SALT deduction
'As much as I might want to see some relief for my clients and myself, there should be a balance between revenue and expenses in the federal budget,' one advisor says.
SEC hits ESG funds with subpoenas
Authorities get tough over green claims.
UBS reaches $1.44B settlement in DOJ mortgage-bond case
The case, which dates back to 2006 and 2007, relates to the issuance, underwriting and sale of the securities.
Finra adopts reforms to make it tougher for brokers to clear their records
Securities attorney hails 'good day for Finra and an even better day for investors.'
Financial firms hate the term ‘ESG’ but are sticking with the strategy
About two-thirds of respondents to a Bloomberg survey say they'll stop using ESG in conversations with clients but continue to incorporate it in their business.
Welcome to the ‘Millionaire’s Tax’
State launches 9% rate for high earners.
UBS faces new class action
Even as the bank removes Credit Suisse nameplates, more legal storm clouds roll in.
SEC delays decision on ARK bitcoin ETF filing
As the SEC puts off deciding on spot bitcoin ETF, 21Shares and ARK file for a fund that would invest in bitcoin futures.
Investing in courtroom outcomes is forecast to be a $24 billion industry in 5 years
The litigation funding investment market js set for strong gains according to a new report.
Pension fund shareholder suit against Dimon, JPMorgan Chase board fails
Judge rules on Epstein-related lawsuit.
