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Another major bank/broker-dealer hit by SEC action
Big fine expected as the agency looks for another scalp.
Leap of faith sours for church members as SEC charges man in alleged $35M Ponzi
Many of the investors were elderly retirees who were members of the same church as the man charged.
Concerns percolate about how SEC’s AI proposal aligns with Reg BI
Proposal will be an 'additive regime' that gets layered on, according to lawyer.
Political uncertainty steering 401(k)s away from ESG
While about half of plan consultants and advisors recommend sustainability-themed investment options, employers are worried about legislative changes around ESG.
Edward Jones named in potential Canadian class action
Investors join nationwide law firm suit.
Playboy Race Team-linked financial advisor who defrauded NHL players in court again
Clients included Stanley Cup champions, other NHL stars.
Biden selects Martin O’Malley for Social Security commissioner
The agency is responsible for distributing Social Security to more than 70 million beneficiaries and commands a $1 trillion budget.
SEC proposal would require brokers, advisors to remediate conflicts related to use of AI
SEC Chair Gary Gensler says investors deserve to be protected but a critic argues proposal shows 'hostility toward technology.'
Finra fines LPL $3M for failing to detect wire transfers that harmed clients
One broker used client funds to pay expenses, while another used client cash to buy real estate.
Fed set to hike rates to 22-year high today, experts give their views
The Federal Reserve will make the announcement at 2 p.m. ET and markets are expecting another increase.
Federal prosecutors charge billionaire with insider trading
86-year-old British soccer club owner indicted in New York.
Awaiting the Fed: Traders cautious ahead of rate decision
Earnings are also in sharp focus as more of the world's largest corporations reveal results.
In surprise announcement, IRS says it will stop unannounced tax visits
Knock, knock, who’s there? Not the IRS anymore — at least not without an appointment.
UBS to pay $387M in fines linked to Credit Suisse’s dealings with Archegos
The fines imposed by the Federal Reserve and the Bank of England's Prudential Regulation Authority follow UBS guidance that legal liabilities related to Credit Suisse could total $4 billion.
Permanent remote supervision? Not so fast
The industry’s frustration is understandable. But state regulators and the plaintiff’s bar have a point, too.
Lingering pain for clients of defunct broker-dealer
The egregious case of Jamie Worden and the continuing issue of unpaid arbitration awards.
Trump-linked SPAC to pay $18M fine to SEC over ‘material misrepresentations’
Share price soars on news.
FTX lawsuit alleges big bonuses, abuse of power, and a private island
The list of complaints against the collapsed crypto exchange executives is building.
ETF strategy designed for night owls gets a wake-up call
NightShares shutters two ETFs that only invest when the market is closed.
Twice-convicted fraudster charged by SEC for alleged $38M Ponzi-like scheme
Eliyahu Weinstein of Lakewood, New Jersey, and five others are charged with defrauding investors in health care-related deals.
