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5 things advisers should be thankful for in 2022
When someone needs guidance for the future, nothing beats a live financial adviser, and advisers should be grateful the public recognizes that.
Advisers continue to wrestle with SEC marketing rule now in force
It's D-Day for the regulation that gives advisers latitude to use client testimonials to promote their practices.
High stakes in midterm elections
There’s a lot more than control of the House and Senate on the ballot in November, especially for Gary Gensler and the SEC.
Daughter of New York Ponzi schemer gets more than 6 years in prison
Over two decades, Vania May Bell and her father Hector May 'ruthlessly orchestrated' a multimillion-dollar Ponzi scheme, according to the Feds.
SEC’s technical glitch won’t slow rulemaking, experts say
The SEC is extending the comment periods on 11 rulemaking proposals and one request for comment due to problems with the electronic comment form on the agency’s website.
A marketing conundrum
Hitting the sweet spot between taking advantage of new marketing opportunities and staying in compliance with the SEC marketing rule will be a big challenge for advisers.
State regulators look to keep pace with SEC marketing rule
The North American Securities Administrators Association is working on a model rule that 'mirrors' the SEC regulation.
SEC fines Kim Kardashian $1.26 million for endorsing crypto token on Instagram
The securities watchdog said she broke US rules by not disclosing she was paid for the promotion.
Wall Street firms seen paying historic fine to settle WhatsApp probe
The results of the investigation could be released as soon as Wednesday and could see regulators extracting total fines of around $2 billion.
The wrinkles with the SEC’s third-party assurance for emissions
'Attestation' will lead to more reliable data for investors, but there are hurdles to overcome first.
SEC files fraud suit against three connected to $100 million deli
Federal prosecutors also accused James T. Patten, Peter L. Coker Sr. and Peter L. Coker Jr. of artificially inflating the price of two companies through manipulative trading.
Massachusetts securities chief goes after single-stock ETFs
William Galvin announced a 'sweep' of firms offering the new ETFs, which he compared to gambling at a casino.
Wall Street banks’ record fines reflect regulators’ frustrations over unmonitored messaging
SEC, CFTC worried that messages were being completely lost and would ultimately make it harder to look for wrongdoing.
Senate bill would give CFTC more sway over crypto trading
The new proposal would give the derivatives regulator direct oversight of tokens that qualify as 'digital commodities.'
SEC slaps Aegis Capital with $2.3 million penalty
The firm was charged with inadequately supervising its representatives, who made unsuitable recommendations of structured products.
UBS wealth group’s legal costs spike in Q2
The legal expenses linked to UBS' Yield Enhancement Strategy, which featured options, appear to be adding up.
Coinbase faces SEC probe on crypto listings
The firm is facing a probe into whether it improperly let Americans trade digital assets that should have been registered as securities.
ETFs that worry Wall Street regulators rake in billions
The products are a growing corner of the almost $6.4 trillion industry, defying words of caution issued by the Securities and Exchange Commission and others.
Overreach or on point? Gensler’s agenda debated
The SEC's rulemaking roster includes 27 in the proposal stage and 26 in the final stage — giving everyone plenty of favorites and targets.
The message is compliance
The substantial fines hitting big banks for failing to meet messaging-retention requirements shows the need for direction from the top to ensure the use of monitoring systems.
