Displaying 28 results
Investing in precious metals may not be so safe, regulators warn
Joint effort by CFTC, NASAA and Finra flags risks and potential fraud, including common falsehoods and scams aimed at IRA investors.
SEC approves rule requiring hedge fund strategy disclosures
Funds will be required to share more information with regulators.
Gold IRA Ponzi paid for luxury cars, esports team, CFTC says
Regal Assets and its owners pilfered $21 million from clients, the CFTC and California DFPI allege.
Goldman pays $5.5M over allegation it didn’t record calls
The Commodity Futures Trading Commission alleged that two outside systems Goldman relied on to record conversations sometimes failed in 2020.
Gold IRA, rare coin sellers find a home with inexperienced investors
Regulators have taken numerous actions against metals dealers that target older customers through TV ads.
Wedbush wealth management had ‘pervasive’ texting problems: SEC
Wedbush staff members sent and received messages related to providing investment advice to the firm's clients, according to the SEC.
Former Celsius CEO charged with fraud in latest DOJ crypto case
The SEC, the CFTC and the FTC also filed lawsuits against Alex Mashinsky and his crypto lending company.
Wells Fargo latest to face probe of use of messaging apps
The SEC and the CFTC are looking at the bank's retention of employee communications related to the use of unapproved messaging apps, it disclosed in a filing.
Wall Street firms seen paying historic fine to settle WhatsApp probe
The results of the investigation could be released as soon as Wednesday and could see regulators extracting total fines of around $2 billion.
Wall Street banks’ record fines reflect regulators’ frustrations over unmonitored messaging
SEC, CFTC worried that messages were being completely lost and would ultimately make it harder to look for wrongdoing.
Senate bill would give CFTC more sway over crypto trading
The new proposal would give the derivatives regulator direct oversight of tokens that qualify as 'digital commodities.'
Wall Street texting habit sticks banks with rare $1 billion bill
The sweeping civil probes rank among the largest-ever penalties levied against US banks for record-keeping lapses.
Morgan Stanley expects $200 million fine for misuse of personal devices
Meanwhile, the firm's wealth management franchise reported positives for the second quarter despite the broad stock market decline seen so far this year.
US regulators considering Plan B if Congress fails to act on crypto
CFTC Chairman Rostin Behnam says his agency would be a tough regulator for crypto market.
Family offices face scrutiny as CFTC boss vows no Archegos redux
The collapse of Archegos Capital Management shows a need to rethink some of the agency’s rules, Rostin Behnam says.
Crypto bill in House would limit SEC’s jurisdiction over exchanges
The measure sponsored by a bipartisan group of representatives would bring exchanges that offer digital assets like Bitcoin directly under the purview of the Commodity Futures Trading Commission.
HSBC under investigation in US over WhatsApp use
Bank cooperating with CFTC probe into business communications. This comes after JPMorgan was fined for messages outside work systems.
Regulators charge metals dealer with $67 million fraud
The SEC, NASAA and the CFTC take action to stop Safeguard Metals and its owner, Jeffrey Santulan, whose scheme allegedly targeted investors who were at or nearing retirement.
Gensler confirmed as SEC head
Wall Street's new sheriff will confront a range of market threats, from the fallout from the GameStop trading frenzy to the deluge of SPACs and the collapse of Archegos.
Archegos shows need to monitor family offices: Regulator
Dan Berkovitz, a Democratic commissioner on the Commodity Futures Trading Commission, blasted his own agency for taking too light a touch with the investment funds.
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