Displaying 10261 results
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.
SEC’s first NFT enforcement action should give advisors pause, experts say
'This is further indication that NFT trading by advisors is not ready for prime time,' Ric Edelman says.
Spot bitcoin ETF inches ahead with SEC’s court loss
Advisors have a range of stances on cryptocurrency, even in ETF form.
Schwab, TD sued for failing to protect customer data from MOVEit hack
The class-action complaint alleges the hack exposed personal information of 61,000 TD customers.
Tax cuts vs. debt reduction: GOP presidential debate illustrates conundrum
'We need to address the looming debt and quit kicking the can down the road,' one advisor says.
IRS catch-up guidance a relief to 401(k) sponsors, advisors
Plans now have until 2026 to add Roth accounts that will allow high earners to make catch-up contributions.
IRS delays mandatory Roth catch-up provision until 2026
Agency announces needed SECURE 2.0 relief related to catch-up contributions made by higher-income employees.
Massachusetts high court upholds state fiduciary rule covering brokers
Decision strikes blow against online brokerage Robinhood but is hailed as a 'Fenway Park Red Sox grand slam home run' by fiduciary advocate.
SEC spanks Wells Fargo Advisors with $35M penalty for excessive fees
Some Wells Fargo Advisors clients never got promised discounts, according to the regulator.
Nikki Haley suggests raising retirement age to curb rising US debt
The Republican presidential candidate has blamed her own party for its role in driving federal debt.
Boston Fed president says they ‘may have more to do’ to beat down inflation
Susan Collins said she is surprised the economy has remained so resilient.
Finra ‘looks forward’ to defending enforcement authority in court
A brokerage and a rep, both targets of Finra disciplinary actions, have filed suits questioning the regulator’s constitutionality.
Apollo faces shareholder lawsuit over nine-figure executive tax payout
Asset manager under fire as it tries to repair post Epstein damage.
Judge orders $500K royalties must go to R. Kelly victims
The disgraced singer is serving a 30 year jail sentence.
Four major banks settle stock-lending suit
Pension funds led by the Iowa Public Employees' Retirement System brought an antitrust action related to the banks' control of the market for stock loans used for hedging and short selling.
Advisors must document annual compliance review in writing under new SEC rule
The provision was buried on page 302 of a rule focused on private-fund advisors. The SEC also reopened the comment period on its advisor custody proposal.
SEC adopts rules to boost oversight of private-fund advisors
Quarterly reporting and an annual audit 'could eat into returns and be borne by investors.'
Single-bond ETF manager goes against current by asking SEC for mutual fund share class
There has been a trend away from mutual funds toward ETFs, but not in the 401(k) world, and fund provider F/m Investments sees that an opportunity.
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.
Altruist vs. Altruist: An RIA claims digital custodian violates his trademark
Michigan RIA owner says case is a 'true David and Goliath situation' and that company name has caused significant confusion in the market.
