Displaying 10194 results
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.
Senate confirms Lisa Gomez as assistant secretary of Labor, EBSA head
She takes the helm of the agency that oversees employee retirement plans as it is writing another iteration of an investment advice rule.
IAA members encourage lawmakers to kill AML rider, pass Secure 2.0
The organization representing SEC-registered advisers held its advocacy day on Capitol Hill on Thursday.
Advisers and clients slammed by Hurricane Ian
Florida, full of retirees looking for sunshine and low state taxes, is also densely populated with financial advisers.
SEC’s Gensler says investors don’t distinguish between advisers, brokers
The agency's chair implies at an Investment Adviser Association conference that investors should receive best-interest advice regardless of which type of financial professional they work with.
Wells Fargo facing class action over 401(k) stock purchases
Three plan participants are suing the bank, alleging that it overpaid for company stock in its employees’ retirement plan.
Wedbush Securities hit with $900,000 fine for trading problems
The Los Angeles-based firm has had a history of failing to supervise certain trades that resulted in scrutiny from regulators and penalties.
