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Spot bitcoin ETFs will be in SEC’s crosshairs
The products, which could begin trading Thursday, will be closely scrutinized by the regulator, which did not approve them willingly, a lawyer says.
Most Democrats support DOL advice proposal in House hearing
'We ought to require the best interests of the investor to be protected and we’ve got some loopholes to fill,' says top Democrat on the panel.
SEC OKs 11 spot bitcoin ETFs in milestone for digital assets
The exchange-traded funds will greatly increase access to the largest cryptocurrency.
Bond market has a $2T debt problem that’s fast approaching
As governments prepare to ramp up supply, will investors want to take the risk?
Advisors worry about losing independence under DOL contractor rule
'We're small business owners; we’re entrepreneurs,' advisor says. 'I don't know what that would look like if we're suddenly employees of a broker-dealer.'
Finra watching crypto assets, brokers in 2024
Finra reveals it's keeping tabs on salespeople and financial advisors who are involved in the marketing and sale of digital assets.
SEC denies bitcoin ETF approval after X account compromised
Chair Gary Gensler denounces unauthorized social media post.
Is today the day for spot bitcoin ETF approval?
The cryptocurrency has eased from a $47K high but is up 10% so far this year.
Bitcoin-ETF issuers hope for long-awaited SEC OK this week
The SEC has until Wednesday to take action on at least one of the applications for bitcoin ETFs.
Congressional deal on spending cap eases risk of shutdown
The agreement, negotiated by Senate Majority Leader Chuck Schumer and House Speaker Mike Johnson, sets the cap for the 12 annual spending bills at $1.59T.
Advisors expect record federal debt to result in higher taxes
'As an advisor, the national debt is a very concerning issue, especially with younger clients that have a longer time horizon, because the bill is eventually going to come due,' an advisor says.
Bitcoin ETF issuers clear hurdle on path to SEC approval
SEC staff members asked some exchanges and issuers seeking to list the ETFs to submit the final version of a key document as soon as Friday, sources said.
Lawyers welcome proposed crackdown on brokers lending money to clients
'Ninety-nine percent of the time, lending to customers or borrowing from them is a bad idea.'
Morgan Stanley chair thinks proposed bank rules will be ‘wound back’
James Gorman says regulator’s ideas were ‘extremely aggressive.’
Industry, investor advocates square off in comment letters about DOL advice rule
Battle lines drawn again as trade associations call on DOL to withdraw proposal, while proponents say measure fills a regulatory gap.
‘This LPL case is a grab bag,’ says industry attorney
Finra hits LPL, Interactive Brokers with fines as 2023 closes.
What do regulators have in store for financial services in 2024?
With lots of new and existing regulations to deal with, as well as the challenges posed by AI, it's shaping up to be a strenuous year for compliance executives.
SEC climate agenda stalls
The lack of progress is worrying environmental activists given the approach of the US presidential election, which could scuttle the regulator's ESG efforts.
Idaho regulator seeks wide range of input on fintech oversight
'We will build our own principles-based models best suited to emerging financial technology innovations,' says state's securities regulator.
Insurance industry seeks carve out from Massachusetts ‘junk fees’ proposal
Separately, Empower joins industry chorus calls on DOL to withdraw its retirement security proposal.
