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SEC examining complex ETF products popular in market downturns
SEC Chairman Gary Gensler warns that the products “can pose risks even to sophisticated investors, and can potentially create systemwide risks by operating in unanticipated ways."
Finra arbitration claims decline — for now
But as the year goes on, the current market volatility is likely to cause the number of arbitration cases to spike.
US regulators considering Plan B if Congress fails to act on crypto
CFTC Chairman Rostin Behnam says his agency would be a tough regulator for crypto market.
Family offices face scrutiny as CFTC boss vows no Archegos redux
The collapse of Archegos Capital Management shows a need to rethink some of the agency’s rules, Rostin Behnam says.
Finra anticipates decline in operating revenue this year
The broker-dealer self-regulator projects a drop in corporate filings and market trading volume, which will reduce its fee income.
SEC extends comment period on climate risk, private fund, exchange proposals
SEC Chairman Gary Gensler has been under pressure from Republican lawmakers and industry trade associations to allow more time for feedback on rulemaking.
UBS loses $3.9 million claim linked to YES options strategy
A Finra arbitration panel ordered UBS to pay the clients $2.9 million in compensatory damages and $966,000 in attorneys' fees.
Goldman is pulling out of most SPACs over threat of liability
The firm, which was the second-biggest underwriter of special purpose acquisition companies last year, has been telling sponsors of the vehicles it will end its involvement, sources said.
House GOP demands full SEC hearing
Republican lawmakers express concern over expansive SEC agenda that they say exceeds the agency's authority and jurisdiction.
Fed hikes rates half-point as Powell signals similar moves ahead
The interest-rate increase is the biggest since 2000 and is the most aggressive policy action in decades to combat soaring inflation.
Jamie Dimon says Fed should have raised rates sooner
JPMorgan CEO says a bigger risk to the global economy is the war in Ukraine as it signals the ‘Cold War is back.'
Momentum continues for SECURE 2.0 legislation
Measures that would build on the SECURE Act's efforts to improve retirement security could run into trouble if consumer advocates zero in on annuity reform.
Wall Street regulators consider ‘staggering’ curbs on complex ETFs
The crackdown could hit everything from leveraged and inverse vehicles to cryptocurrency-linked funds and defined-outcome strategies.
Climate disclosures should be mandatory, investors say
People trust climate data more often if companies are required to report it, a recent survey found.
SEC crypto team getting 20 more officials in bid to crack down
The additions will bring the agency's Crypto Assets and Cyber Unit to 50 people.
Number of registered reps, brokerages declined again in 2021: Finra
While the number of firms decreased, aggregate revenue for Finra-registered firms rose to $398.5 billion in 2021, up from $361.9 billion in 2020.
Feds charge New York adviser with embezzlement
The adviser, Adam Belardino, had managed the victim’s investments before he founded Maddox Group in July 2019 and persuaded her to transfer $313,000 to Maddox.
Billion-dollar adviser accuses JPMorgan of misogyny
Gwen Campbell says in a complaint filed with the EEOC that she was subjected to 'name-calling' and 'sexist decrees' when she joined JPMorgan in 2020.
Finra arbitrators order Cetera to pay fired broker $3 million
Gerald J. Fasanella alleged that the firm had conducted a “pre-meditated scheme to defame” and fire him.
Crypto bill in House would limit SEC’s jurisdiction over exchanges
The measure sponsored by a bipartisan group of representatives would bring exchanges that offer digital assets like Bitcoin directly under the purview of the Commodity Futures Trading Commission.
