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SEC slaps Aegis Capital with $2.3 million penalty
The firm was charged with inadequately supervising its representatives, who made unsuitable recommendations of structured products.
UBS wealth group’s legal costs spike in Q2
The legal expenses linked to UBS' Yield Enhancement Strategy, which featured options, appear to be adding up.
Coinbase faces SEC probe on crypto listings
The firm is facing a probe into whether it improperly let Americans trade digital assets that should have been registered as securities.
ETFs that worry Wall Street regulators rake in billions
The products are a growing corner of the almost $6.4 trillion industry, defying words of caution issued by the Securities and Exchange Commission and others.
Overreach or on point? Gensler’s agenda debated
The SEC's rulemaking roster includes 27 in the proposal stage and 26 in the final stage — giving everyone plenty of favorites and targets.
The message is compliance
The substantial fines hitting big banks for failing to meet messaging-retention requirements shows the need for direction from the top to ensure the use of monitoring systems.
SEC proposal would help shareholder resolutions
Proposal filers and proxy advisers want the regulator to do more.
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.
SEC weighs waiving some rules to regulate crypto, Gensler says
The SEC chief says disclosures can be tailored for digital firms. He mentioned that such an approach is used for asset-backed securities and equity offerings.
Support in some proxy votes falls amid record season
It's not just BlackRock that is less supportive of shareholder proposals, Morningstar finds.
Agenda-driven SEC determined to prevail despite critics’ pushback
The latest iteration of Chairman Gary Gensler's agenda contains 53 pending proposals. The financial industry is nervous.
Scrutiny of ESG investments heralds better days ahead, managers say
Tough examination of loosely regulated funds with higher environmental, social and governance standards could help the industry, sustainable fund managers say.
Grayscale suing SEC after its Bitcoin ETF is rejected
The regulator found that the listing proposal didn’t do enough to prevent fraud and manipulation.
SEC to propose new rules for online brokers’ game-like features
SEC Chair Gary Gensler has raised concerns with how features closely associated with the mobile phone apps offered by brokers can impact trading.
SEC’s climate disclosure proposal hits nerves
Sustainable investors say it should go further while opponents claim the SEC lacks authority to pass a rule.
SEC’s Goldman, BNY moves hint at more ESG investigations
The latest developments follow notices the agency released last year around ESG enforcement.
Weiss Asset Management settles with SEC for $6.9 million
The Boston-based hedge fund manager was charged with violating short-sale rules in seven public offerings.
SEC’s ESG integration proposals divide industry
US SIF Forum hears naming restrictions and disclosures for ESG dabblers are up for debate.
Reassessing cybersecurity in a changing world
As the industry waits for the Securities and Exchange Commission’s final rules on cybersecurity, RIAs can take steps now to better safeguard themselves and their clients.
Sweeping US crypto legislation targets stablecoins, mining
While chances of passage are slim ahead of November’s midterm elections, it could act as a starting point for negotiations next year.
