Displaying 3266 results
Supreme Court questions SEC’s power to recoup billions
The justices considered the commission's use of “disgorgement” to collect ill-gotten gains from wrongdoers
SEC charges two unregistered brokers with fraud
Cold-callers Jason Arthur and Christopher Bongiorno were unlicensed when they pitched investors the securities of two U.S. companies
Lawsuit questions Finra’s ability to bar brokers
The argument hinges on whether a lifetime sanction is a punitive or remedial punishment
SEC fines Wells Fargo $35 million for unsuitable sales of complex products
Firm recommended that clients buy, hold single-inverse ETFs in retirement accounts despite previous Finra penalty
Massachusetts fiduciary rule won’t cover variable annuity sales
The Securities Division says the state considers VAs to be insurance products, not securities
Finra proposes making regulatory continuing education an annual requirement
New approach also would allow previously registered brokers to remain in the industry through CE
Bloomberg seeks to restore DOL fiduciary rule as part of his retirement agenda
A spokeswoman for the Bloomberg campaign says the SEC’s Reg BI ‘doesn’t set an adequate fiduciary standard’
Adviser trade associations tell SEC to rework proposal to modernize advertising rule
Concerns raised in comment letters include the expanse of the new rule and compliance costs
Finra seeks minimum expungement fees of several thousand dollars
Proposal aims to raise bar for brokers to clear their records, but a lawyer for investors says it only will fill Finra's coffers
Trump administration budget would extend expiring income, estate tax cuts
Capitol Hill Democrats are set to resist the spending proposal; the SEC requests a budget bump
Litigation over state fiduciary standards could break new ground
Courts would have to sort out how federal government, states can shape advice reform
Finra proposal to clamp down on firms, reps with unpaid arb awards moves forward
Rule would restrict movement of brokers or firms’ assets if arbitration claims are pending
FSI denounces ‘regulation by enforcement’ despite strong rebuke from SEC’s Jackson
Group says Reg BI enforcement probably won’t draw same criticism as share-class crackdown
Riskalyze updates technology to help brokers comply with Reg BI
The risk tolerance technology provider debuted new Reg-BI compliant workflows at the FSI conference
SEC publishes observations on industry cybersecurity practices
The agency highlights specific examples of firms' cybersecurity and operational resiliency practices
Investors in alleged Ponzi scheme to receive $63 million
The SEC obtains an order to return funds to more than 200 investors
Ex-Wells Fargo leaders face $59 million in fines over scandals
Former CEO John Stumpf agreed to a $17.5 million penalty and an industry ban
SEC Commissioner leaving next month
Robert Jackson Jr. to return to teaching at NYU Law School
Regulators crack down on teacher pension plans rife with conflicts
Experts: Recent Delaware settlement a sign of things to come
Finra outlines questions firms must answer on Reg BI compliance
Regulator also highlights private placements, digital communications and bank sweeps as priorities
