The failure to make adequate disclosures is a violation of federal securities laws, according to the complaint.
At least two banks were dropped from underwriting muni deals since Texas Attorney General Paxton said last week he was probing the energy policies of a group of financial firms.
SEC cracks down on California investment advisor for allegedly defrauding elderly clients.
Safeguard Metals allegedly steered retirees who cashed out of IRAs toward high-markup silver coins
A wide range of financial industry groups are urging the agency to withdraw its most controversial proposals, but even the most reviled likely will avoid major changes.
'Some may call high-impact cases regulation by enforcement,' SEC Chair Gary Gensler said. 'I call it enforcing the laws and the regulations that are on the books.'
'Why would any business owner maintain a retirement plan if the federal government is going to take over all the costs and responsibility of providing retirement benefits?' says the CEO of a trade group representing plan sponsors.
'[Thomas] Brenner used the funds for his benefit, including to make large race car-related purchases, and to pay back tax debts,' according to the U.S. Attorney's Office for the Northern District of Ohio.
'Firms should continue with rigor and diligence to operate their ESG risk and compliance programs,' a compliance expert says.
The setup can result in larger firms offering customers better transaction prices than smaller ones, SEC Chair Gary Gensler said.
For years, investors in mutual funds and ETFs have been investing in products whose actual portfolio holdings can stray dramatically from what's implied by the name of the fund.
'We are trying to protect retirement savers,' says DOL assistant secretary Lisa Gomez. 'This is a new approach. Stay tuned.'
The federal regulation governing telephone marketing also covers texting, and now many states have put in place their own versions of the regulation, with different terms and definitions.
'What they’re seeing is a need for increased disclosures and transparency to the investors,' a compliance expert says.
The prospect of Grayscale converting its bitcoin trust into an ETF is seen as more likely after the SEC declined to appeal a court ruling in Grayscale's favor.
The federal appeals court ruling in August was heralded by crypto advocates as a watershed moment for the industry.
House Oversight Committee Chairman James Comer wants to know about US involvement in crafting EU ESG regulations.
Avery will track firmwide compliance protocols for RIAs, broker-dealers and banks.
'If you’re an investment advisor and you’re not putting your clients in the lowest-cost share class, then you’re running the risk of a fiduciary failure,' an expert says.
