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Climate disclosures should be mandatory, investors say
People trust climate data more often if companies are required to report it, a recent survey found.
SEC crypto team getting 20 more officials in bid to crack down
The additions will bring the agency's Crypto Assets and Cyber Unit to 50 people.
Fee revenue surged at the largest IBDs last year
For more than two decades, the brokerage industry has touted its plans to shift to a fee-based business model, which is less volatile than the up-and-down cycles of sales of high-commission products.
Focus on greenwashing obscures bigger problem of complacency
Too many are complacent when it comes to ESG, driven by the fact that it’s much easier to simply accept a score and move on.
Former Morgan Stanley adviser accused of Ponzi scheme in SEC suit
Shawn E. Good, from Wilmington, North Carolina, had clients send funds to his personal bank account to supposedly make low-risk investments in real-estate development projects,
SEC freezes assets of alleged $449 million Ponzi schemers
Three in Las Vegas charged in scheme involving purported personal injury settlements.
SEC ruling reignites spot US bitcoin ETF approval debate
The agency gave its blessing to the Teucrium Bitcoin Futures Fund application which was filed under the Securities Act of 1933.
Democrat Joe Manchin opposes SEC’s climate proposal
The senator expresseed concern that the proposal would unfairly burden carbon-intensive energy companies.
Court orders former investment adviser to pay $530,000 in fraud case
Massachusetts adviser Richard Duncan got two clients to invest in a scam that originated in Turkey.
SEC plans to curb bullish SPAC forecasts and add more disclosures
Blank-check companies would be required to disclose more information about their sponsors and potential conflicts of interest under the agency's new plan.
Chubb faces new kind of shareholder vote over fossil fuels
The SEC didn't approve a request from Chubb to keep the shareholder resolution off the proxy ballot for its May 19 meeting.
‘The Morgan Stanley fade’: US probe dredges up years of animus
Competitors, who couldn’t figure out how Morgan Stanley was bidding for block trades at such tight discounts, are now swapping 'I told you so’s.'
SEC moves to mandate Scope 3 emissions reporting
Securities issuers would also have to report Scope 1 and 2 emissions, or those that are directly from their operations and the energy they use, on their registration statements and periodic reports.
SEC’s Gensler takes aim at robo-adviser investing strategies
The Securities and Exchange Commission chairman raised questions about the effect that behavioral prompts — like encouraging clients to trade more often or using algorithms to steer them into high-risk, high-fee products — might have on investing outcomes.
MSRB ponders ESG disclosure for muni bonds
Asset managers said they would favor access to more consistent data, while governments appeared to be split on how, if at all, MSRB should try to improve ESG reporting.
SEC Democratic commissioner Allison Herren Lee plans to leave Wall Street regulator
Lee will stay at the watchdog until President Joe Biden names her successor and that person is confirmed by the Senate.
ESG managers press SEC for full emissions disclosure rule
Investors representing $4 trillion urge regulator to include Scope 3 emissions in corporate climate reporting.
SEC promises not to play ‘gotcha’ in early days of new marketing rule
Even with a long runway — the rule became effective last May 4 with an implementation deadline of Nov. 4 — getting ready for the measure has become a top compliance worry for advisers.
Citigroup is latest bank to be probed over unapproved messaging services
The SEC is probing Citigroup Global Markets Inc. and other firms over communications sent over unapproved electronic messaging channels.
Goldman probed by SEC over messages sent using unapproved services
In December, the SEC and CFTC imposed $200 million in fines on JPMorgan Chase over messaging apps.
