'As an advisor, the national debt is a very concerning issue, especially with younger clients that have a longer time horizon, because the bill is eventually going to come due,' an advisor says.
SEC staff members asked some exchanges and issuers seeking to list the ETFs to submit the final version of a key document as soon as Friday, sources said.
'Ninety-nine percent of the time, lending to customers or borrowing from them is a bad idea.'
James Gorman says regulator’s ideas were ‘extremely aggressive.’
Battle lines drawn again as trade associations call on DOL to withdraw proposal, while proponents say measure fills a regulatory gap.
Finra hits LPL, Interactive Brokers with fines as 2023 closes.
With lots of new and existing regulations to deal with, as well as the challenges posed by AI, it's shaping up to be a strenuous year for compliance executives.
The lack of progress is worrying environmental activists given the approach of the US presidential election, which could scuttle the regulator's ESG efforts.
'We will build our own principles-based models best suited to emerging financial technology innovations,' says state's securities regulator.
Separately, Empower joins industry chorus calls on DOL to withdraw its retirement security proposal.
'If there are layoffs, arbitration naturally follows,' says George Friedman, editor of the Securities Arbitration Alert.
It's crucial for investment advisors to recognize the consequences of failing to meet their annual continuing education obligations.
The space is dominated by only a few hedge funds, and that could be risky.
Claimants alleged fraud, elder abuse, and breach of contract and fiduciary duty.
Finra alleges a southern California broker kicked back $900,000 in commissions to non-registered sales person.
Fintech says its solution provides greater scrutiny of ESG claims.
"It's not a good day for Austin Dutton," says one attorney.
Inflation, retirement savings growth expand pool of sophisticated investors, according to SEC Report.
GPB's founder was an accountant who couldn't do the firm's accounting.
Finra CEO Robert W. Cook defended the broker-dealer self-regulator, citing efforts to rein in firms with long disciplinary histories and protect senior investors.
