Employment at advisory firms also reached a record, while assets under management declined in 2022, according to an annual study by the Investment Adviser Association and National Regulatory Services.
A vendor improperly destroyed 47 million electronic communications, including emails and instant messages, from 8,700 inboxes.
Jennifer Campbell was office manager and chief compliance officer for a registered investment advisor in Buffalo, New York.
The long-outdated accredited investor rule has become a symbolic roadblock between retail investors and institutional-quality investments.
Colin Healy allegedly racked up more than $6,000 in personal expenses for things like 'pool lessons' and 'tennis clinics.'
The broker-dealer self-regulator highlighted a recent government advisory about a ransomware attack and told member firms to brush up on Finra's guidance on the topic from last December.
Thomas Vernor is based in Huntsville, Alabama, and started in the securities industry in 1984 at Morgan Stanley Dean Witter.
The Federal Reserve’s fine over Archegos may be as high as $300 million, while the UK’s Prudential Regulation Authority could impose a penalty of up to $128 million.
While the SEC is working to put teeth into Regulation Best Interest, questions remain about how it’s working in practice.
There are lessons in the data for politicians who are pro- or anti-ESG, but the numbers might be dismissed.
Legislation introduced this week would restructure the agency and remove Gensler from its helm. Two subcommittees will grill agency officials on Thursday.
Andrew Komarow was featured in InvestmentNews in May 2021 for his focus on understanding special-needs financial planning.
Given the three dozen others that have filed for a bitcoin ETF without success, ETF watchers are wondering if BlackRock has an inside track to gain approval.
Regulators are looking at Goldman Sachs' role in Silicon Valley Bank's efforts to raise funds shortly before it collapsed in March.
The measure, which could survive the governor's veto, would still allow ESG factors that are 'pecuniary.'
Artificial intelligence and restrictions on some transactions by elder customers could help reduce the problem, financial industry officials say.
The regulator is seeking public comment on a concept proposal that would require member firms to maintain sufficient cash and assets to meet obligations during times of stress.
Legislation proposed this week would bar defined-contribution plans from making new investments in several countries it defines as 'foreign adveraries.'
The agency said a long-contemplated plan to rein in conflicts of interest associated with artificial intelligence could be introduced as soon as October.
The Insured Retirement Institute is hoping Congress has an appetite for more retirement savings legislation following the SECURE Act and SECURE 2.0.
