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Financial Fitness Act gets a thumbs up from IRI
The Insured Retirement Institute is applauding a new bill that could help more Americans address the problem of student debt.
Canadian bank TD sues wealth advisor who “abruptly” exited amid AML probe
The Toronto-based lender says the advisor and a colleague breached contract as they joined Raymond James.
Mind SEC’s new data breach rules, says Finra
The industry regulator is urging member firms to start taking appropriate measures as changes to Regulation S-P take effect.
SEC sued over broker-dealer texting fines data
'Extraordinarily large' sums prompt American Securities Association's lawsuit, which asks commission to turn over documents showing how those amounts were reached.
SEC marketing rule has ‘fallen short’ of industry expectations
Seward & Kissel report finds rule is creating challenges for investment advisors.
House GOP spending bill is a wish list of deregulation
The appropriations bill has numerous riders designed to stop the SEC's climate rule, Consolidated Audit Trail, and other regulations.
SEC’s hedge fund clampdown faces setback in US court
The regulator is weighing its options after a federal appeals court ruled against its proposed fee disclosure rule.
If a prospectus falls in a forest, does it make a sound?
The SEC's overly cautious approach to change leaves them disconnected from the modern investor and the markets they serve.
Battle lines drawn over DOL’s fiduciary rule
Despite DOL’s efforts to protect itself, Congress and insurance industry go on the attack as first lawsuit is filed amid allegations the department exceeded its authority.
Rule breaking nonbanks to be listed on new public register
Repeat offenders will be highlighted by CFPB platform.
401(k) lawsuits over ‘forfeited’ money get a lifeline
There is one way to help avoid such litigation in the future, one lawyer says: Get rid of vesting schedules.
Where the DOL’s fiduciary rule intersects with HSAs
For those who want to avoid becoming fiduciaries, be wary of the line between education and advice, lawyers warn.
Ex-RIA, CEO behind failed opportunity fund to pay $600k in penalties
The New York-based firm and its CEO made false statements and doctored portfolio data for a fund with positions in China, according to the SEC.
Citi, HSBC, Barclays amp up back-to-office pressure
The banks are pushing more staff to report for in-person work as Finra shifts its rules around workplace monitoring.
The DOL’s fiduciary rule faces another legal challenge
A coalition of trade associations including the Insured Retirement Institute, ACLI, and NAIFA has filed a civil suit against the contentious Retirement Security rule.
Stakeholders claim victory from SEC’s ether ETF approval
Voices from the wealth and crypto industries say the landmark crypto ETF verdict will open new doors for investors and advisors.
Lawmakers get their wish as SEC gives Ether ETFs the green light
Citing bitcoin ETFs, a bipartisan group of house representatives issued the call ahead of the federal securities regulator’s pivotal decision.
$10M penalty vs. NYSE parent goes too far, say SEC commissioners
Two dissenting voices from the federal regulator warned the penalty could create "a counter-productive dynamic" with its regulated entities.
New digital assets legislation is unfit to maintain investor protection, SEC chair warns
Financial Innovation and Technology for the 21st Century Act passed by the House.
Finra refutes firms’ claims that it is forcing them to get workers back into the office
Regulator says that claims of 'stringent' new rules are incorrect.
