Meanwhile, Finra’s fines against the brokerage industry declined in 2024.
Finra has hit the investing platform with another multi-million-dollar penalty.
Calvin Gray repeatedly impersonated victims who were customers of a number of other banks and financial institutions, according to a federal indictment.
The regulatory association's annual list highlights risk from tech-powered fraud and affinity scams, with an expected uptick in the weaponization of AI.
And GPB founder David Gentile and ex-broker-dealer chief Jeff Schneider want the company to continue paying legal expenses.
The agency is fighting for its existence having been forced to pause operations.
In 2019, the SEC claimed Commonwealth had breached its fiduciary duty.
With big staff cuts coming to an agency already struggling to provide customer service, Social Security claimants should begin preparing, advisors said.
The Finra panel found UBS Financial Services liable for $69.1 million in punitive damages.
A memo from SEC COO Ken Johnson gives staff several weeks to accept a voluntary separation package or early retirement.
So-called meme coins, including those launched by the president and first lady, fail the SEC's Howey Test, the agency said.
Report of a Thursday memo announcing 30,000 layoffs adds to uncertainty for retirees relying on benefits.
The consumer protection watchdog had previously launched a legal action accusing the bank of misleading customers on the interest rates it offers on savings accounts.
Accused claimed to be a wealthy hedge fund owner to gain trust.
Inside sources report rising internal concerns at the federal securities agency amid the unit's unrelenting campaign to cull inefficiencies across government.
The crypto exchange giant says the dismissal, which is still pending approval, would "right a major wrong" and pave the way for constructive rulemaking.
The order weighing on the federal agency's independence could also have implications on enforcement activity, concerned observers say.
Despite a laxer regulatory direction under the Trump administration, the consultancy is warning RIAs against marketing rule and fiduciary standard complacency.
The SEC is reviewing ETF applications and proposed rule changes at various exchanges for alternatives to bitcoin and Ether. Approval for some may be likely, but whether investors want the options is a question.
Gentile and Schneider were convicted of fraud and conspiracy after a seven week trial in federal court in Brooklyn.
