Displaying 10194 results
Bank customers are concerned about overregulation: ABA report
A banking industry survey reveals a high satisfaction with financial institutions.
Industry groups accuse SEC of trying to ‘vastly expand its authority’ over dealer rule
Three associations say investors will lose out from expanded dealer definitions.
Finra fines M1 Finance in landmark social media enforcement
The regulator hands down a $850,000 penalty after finding noncompliant promotional messages from M1's finfluencer army.
Texas anti-ESG laws costing state more than $700M, study says
The restrictions have negative economic consequences, according to research supported by business groups.
SEC sues two firms over bogus AI claims
Delphia and Global Predictions both made 'false and misleading statements' about their use of artificial intelligence, the SEC says.
Osaic, Securities America fined by Finra over cybersecurity
The regulator fined the firms $150,000 each for failures related to protecting thousands of clients’ private information and cybersecurity gaffes.
JPMorgan fined $348M for falling short on trading surveillance
The firm's trade-surveillance program has operated with certain deficiencies since at least 2019, according to the OCC.
New Hampshire bars former Next Financial broker
The broker and Next Financial Group Inc. are on the hook for more than $1 million in penalties.
Hedge funds, PE firms discussing ways to deal with SEC messaging crackdown
Citadel, KKR & Co. and Blackstone Inc. are among the firms that have been talking about strategies to blunt SEC penalties related to the use of messaging apps.
Biden’s budget targets backdoor Roths and $10M retirement accounts
The proposed budget seeks to increase taxes for corporations and the wealthy.
Finra fines spike 63% in 2023: Report
'Last year saw bigger Finra fines per case,' a lawyer says. 'Supersized fines, or those of $1 million or more, were up, and mega-sized fines, or those of $5 million and more, increased too.'
Expect a stronger, more lawsuit-proof fiduciary rule very soon
With the final version of the rule now at the Office of Management and Budget, it won't be long before it's published. Don't expect a lot of changes, lawyers say.
Former Wells Fargo indie broker is barred by Finra
The broker, Jayson Pocius, was 'discharged' last year from Wells Fargo Advisors Financial Network.
Biden’s budget proposal would hike taxes on investors, businesses
The president wants to raise the capital gains tax rate to a base of 39.6 percent, up from 20 percent, and establish a minimum tax rate of 25 percent on households worth at least $100 million.
Opaque SEC sends a clear message: Stop texting
Critical issue represents the latest meeting point of two pressures weighing heavily on advisors.
NewEdge Securities fined over bond pricing shortfalls
The brokerage firm violated Finra rules by failing to ensure fair pricing in corporate and muni bond transactions.
FSI sues DOL over independent contractor rule
The advocacy group for independent financial advisors argues the final 2024 rule is ‘arbitrary and capricious.’
Indiana adopts NAIC best-interest model for annuity sales
Industry groups hail state’s new rule as a win for annuity consumer protection.
Commonwealth girding for loss of up to $24M in fight with SEC
It's highly unusual in the securities industry for a broker-dealer to put up such resistance to a regulator like the SEC.
SEC climate rule leaves a lot up to companies
There will likely be a legal challenge, even though the SEC appears to have trimmed the climate rule to withstand litigation, lawyers said.
