Any government agency, including the SEC, could be made more efficient, lawyers said. But getting rid of knowledgeable staff may have long-term consequences.
Stoever, Glass & Co. Inc. opened in May 1964 and focused on municipal bonds.
Anonymous sources report the efficiency initiative is expected to turn its focus to the federal securities agency in the days ahead.
Elderly clients impacted in transfers to higher-fee advisory accounts.
But the Finra panel's decision against James Iannazzo was not unanimous.
The agency is reverting to a Trump-era policy that allowed public companies to widely exclude environmentally and socially themed resolutions.
Financial services companies are being targeted for potential legal action over their programs and initiatives on diversity, equity, and inclusion. It could be just the beginning.
Acting Chairman Mark Uyeda directed SEC staff to initiate a pause in court while the commission awaits a quorum. The SEC may decide to withdraw from defending itself in a lawsuit over last year's climate disclosure rule.
“If Morgan Stanley had called my client’s son, this wouldn’t have happened,” the investor's attorney said.
The joint motion by the regulator and the giant crypto bourse comes as the recently installed crypto task force lays foundations for a formal framework.
Locked out of their offices and told to stay home, employees at the Consumer Financial Protection Bureau have asked the courts to intervene as Elon Musk and Republican leaders move to shut down the agency that was established to protect people from predatory lending and financial scams.
While the regulator's lawyers may be exempt, a federal effort to purge workers is causing uncertainty across its broader employee base.
Short sellers previously said the company was under investigation, though Roblox denied allegations.
The Consumer Financial Protection Bureau is in the crosshairs of the Republican group that is widely attempting to dismantle government agencies.
National Securities Corp. sued the advisor in 2020, alleging breach of contract and unjust enrichment.
The agency moved its key man driving actions under former chair Gary Gensler as new leadership works toward more constructive crypto regulation.
In a move that risks slowing down enforcement, staff must reportedly first get a thumbs up from the commission's newly installed Republican-led leadership before formally undertaking investigations.
A petition by the famed short seller argues recent enforcement actions "create a chilling effect on free speech and market participation" in stock trading.
The Canada-based bank dismissed the leader from its capital markets arm following a multimillion-dollar penalty to settle charges of supervisory failures.
The state's order is a step in negotiating a potential fine with the firm.
