Proposed rule aims to tighten client information and verification processes in order to curb risks from money laundering and other illicit activities.
The federal regulator is examining statements from the company after a failure in one of its planes led to a near-tragedy in January.
Defense attorneys for the disgraced trader argue his criminal behavior was spurred by trauma and phobia about financial insecurity.
The financial titan’s CEO urges employees to “hold heads high” as it faces anti-money-laundering actions from multiple regulators.
The new fiduciary rule will pull a lot of brokers under the Employee Retirement Income Security Act, and harkens back to the levelized compensation from the 2016 rule.
The stock trading platform is facing an enforcement action as the federal regulator continues to crack down on digital assets.
Speed and nature of new DOL rule has left many in the insurance industry fuming, losing sight of the impact on ordinary investors
Lawsuit filed in Texas federal court argues that the agency “has exceeded its authority,” acting inconsistently with ERISA’s intent.
New report argues the guidelines, developed more than a decade ago, must be updated to better reflect current landscape of 401(k) plan options.
The company’s share price slumped after the federal regulator revealed charges of “massive fraud” against its auditing firm, leading to $14M in penalties.
The financial services giant reported a years-long system failure that exposed names, addresses, Social Security numbers, and other sensitive info.
A growing sentiment against restricting employee moves could affect non-solicitation, too.
The regulator’s motion to restrict noncompete agreements has drawn an immediate reaction from business groups and financial industry stakeholders.
Opponents left disappointed after final rule released, DOL accused of 'conducting an ideological campaign to ban commissions'.
Following debate from advisors and retirement plan stakeholders, the Department of Labor is set to unveil its final decision on the rule.
Surveys show student loans are a massive financial impediment for many. A recent Biden administration proposal to reduce or forgive some debt would help a small portion of borrowers.
An alert from the regulator details problems it found in firms' compliance procedures, advertising practices, and Form ADV disclosures.
The regulator's Bill St. Louis has been sharing his priorities.
More than 30 senators are supporting a measure that would overturn the regulator’s climate disclosure rule.
'Is four grand really going to influence a politician’s thinking?' one consultant asks.
