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SEC bars California adviser, imposes $400,000 penalty
The agency settles with Sacramento-based Keith Springer and his firm, Springer Investment Management, over fraud charges.
Financial industry must persuade determined DOL to protect independent-contractor advisers
The Department of Labor may not be inclined to change a proposal that would potentially upend the business model for independent broker-dealers and insurance agents.
Finra slaps $5,000 fine on ex-broker in first Reg BI enforcement action
The case demonstrates that Finra has more latitude to purse excessive trading violations, says a former head of enforcement.
SEC’s technical glitch won’t slow rulemaking, experts say
The SEC is extending the comment periods on 11 rulemaking proposals and one request for comment due to problems with the electronic comment form on the agency’s website.
Ben Bernanke, two colleagues awarded Nobel Prize in Economics
By honoring Bernanke, the prize committee have taken an unusual step of adding an actual practitioner of economics policy to their pantheon.
A marketing conundrum
Hitting the sweet spot between taking advantage of new marketing opportunities and staying in compliance with the SEC marketing rule will be a big challenge for advisers.
State regulators look to keep pace with SEC marketing rule
The North American Securities Administrators Association is working on a model rule that 'mirrors' the SEC regulation.
DOL set to finalize ESG rule for retirement plans
The final rule is coming out at a time when sustainable investing has become a political flashpoint.
Joe Biden lights up marijuana stocks
The presidential pardon for those with marijuana convictions was interpreted as a step toward federal decriminalization and sparked a rally in funds offering exposure to cannabis companies.
New ETFs would package best, worst of Jim Cramer’s stock picks
Tuttle Capital Management is seeking SEC approval to launch two active ETFs populated with the 'Mad Money' host's favorite stocks.
Finra moving to slimmed down headquarters in D.C.
The change will offer the regulator's employees a hybrid approach that combines in-office and remote work.
Colorado regulators mulling update to guidance on financial planning fees
Groups like XY Planning Network and the CFP Board view a document from the state's Division of Securities as undermining fee-for-service models.
Finra fines Barclays Capital $2 million for best-execution failures
The regulator says the firm didn't search the market to see if it could find better prices for customers, in a case that's another example of the regulatory crackdown in this area.
SEC urged to revise strategic plan to address RIA arbitration, threats to senior investors
Comments from the Chamber of Commerce focused on making enforcement fairer, while organizations disagreed about who should be eligible to participate in private markets.
Finra slaps UBS with $2.5 million fine over short-selling violations
It's the second time in as many weeks that Finra has penalized a firm for such trading problems.
Republicans advocate for retirement investments in private equity, crypto
The lack of Democratic support likely would keep legislation on using alternatives in retirement plans out of the Secure 2.0 mix.
SEC fines Kim Kardashian $1.26 million for endorsing crypto token on Instagram
The securities watchdog said she broke US rules by not disclosing she was paid for the promotion.
Finra sanctions reform means larger firms could see tougher penalties
The self-regulator formally removes the $310,000 ceiling on the fines that can be imposed on midsize and big brokerages.
SEC charges ex-LPL broker with stealing $1.3 million from elderly client
Bradley A. Goodbred, who's based in suburban Chicago, allegedly defrauded a client who's now 97 and suffers from dementia.
Finra expels New York-based NYPPEX for securities fraud
The firm's former CEO, Laurence Allen, is barred and its current CEO, Michael Schunk, is suspended.
