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‘The Morgan Stanley fade’: US probe dredges up years of animus
Competitors, who couldn’t figure out how Morgan Stanley was bidding for block trades at such tight discounts, are now swapping 'I told you so’s.'
SEC moves to mandate Scope 3 emissions reporting
Securities issuers would also have to report Scope 1 and 2 emissions, or those that are directly from their operations and the energy they use, on their registration statements and periodic reports.
SEC’s Gensler takes aim at robo-adviser investing strategies
The Securities and Exchange Commission chairman raised questions about the effect that behavioral prompts — like encouraging clients to trade more often or using algorithms to steer them into high-risk, high-fee products — might have on investing outcomes.
MSRB ponders ESG disclosure for muni bonds
Asset managers said they would favor access to more consistent data, while governments appeared to be split on how, if at all, MSRB should try to improve ESG reporting.
SEC Democratic commissioner Allison Herren Lee plans to leave Wall Street regulator
Lee will stay at the watchdog until President Joe Biden names her successor and that person is confirmed by the Senate.
ESG managers press SEC for full emissions disclosure rule
Investors representing $4 trillion urge regulator to include Scope 3 emissions in corporate climate reporting.
SEC promises not to play ‘gotcha’ in early days of new marketing rule
Even with a long runway — the rule became effective last May 4 with an implementation deadline of Nov. 4 — getting ready for the measure has become a top compliance worry for advisers.
Citigroup is latest bank to be probed over unapproved messaging services
The SEC is probing Citigroup Global Markets Inc. and other firms over communications sent over unapproved electronic messaging channels.
Goldman probed by SEC over messages sent using unapproved services
In December, the SEC and CFTC imposed $200 million in fines on JPMorgan Chase over messaging apps.
HSBC under investigation in US over WhatsApp use
Bank cooperating with CFTC probe into business communications. This comes after JPMorgan was fined for messages outside work systems.
Business plea to SEC: Too early for Scope 3 disclosures
Business groups say they are worried about the potential difficulty of complying with higher standards for climate disclosure.
The confusion over crypto assets
Clients are demanding access to digital assets. But how — and when — will brokers be able to sell them?
SEC bogs down on climate rule, handing White House fresh setback
At issue is how much environmental data companies can be forced to disclose before regulators put themselves in legal jeopardy.
Rising crypto star faces SEC, volatile markets
Ophelia Snyder, 29, is already managing $2.5 billion. She is now teaming up with Cathie Wood to bring a Bitcoin ETF to the U.S. — if regulators allow it.
SEC keeps up pressure on private fund advisers
Under Chairman Gary Gensler, the agency is taking a closer look at private equity, hedge funds.
If regulators want meaningful feedback, bring back 60-day comment periods
Stakeholders must have enough time to analyze and provide a reasoned response in order to provide helpful input on proposed regulations.
Crypto firms Celsius Network, Gemini face SEC scrutiny
The SEC enforcement review focuses on whether the companies’ offerings should be registered as securities, people say.
Former UBS rep charged with stealing $5.8 million
German Nino used $4.2 million of a client's money on gifts for several women with whom he had romantic relationships.
BNY Mellon sees potential for digital asset revenue in 2023
Firm is waiting for clarity on ETF rules, CFO Portney says.
SEC bars Woodbridge executive Acevedo
Ivan Acevedo pleaded guilty last summer to conspiracy to commit mail and wire fraud for his role in the $1.3 billion Woodbridge real estate scheme and is currently in federal custody, according to the SEC.
