'This space, crypto markets, is a highly speculative asset class,' the SEC chairman said Monday at Finra's annual meeting.
Ian Delahunty bought a leveraged exchange-traded note and owned it for 199 days rather than the day or two it was meant to be held.
Crypto assets have not provided audits and other standard modes of verification, which disqualifies them as prudent investments.
Clients of Fidelity Institutional will get a discount on the cost of DACFP's Blockchain and Digital Assets certificate program.
Brokerage and fund trade associations caution against limiting the market for retail customers. Consumer group and state regulators say more oversight is needed to protect investors.
The crash in cryptocurrencies could accelerate an investor stampede to safer asset classes.
Fidelity wants to make it easier to allocate 401(k) assets into Bitcoin, while the Department of Labor is warning plan fiduciaries to be extremely careful about using crypto.
Broker-dealers kept selling GWG's life settlement-backed bonds for years despite all the accounting and reporting static coming from the company.
CFTC Chairman Rostin Behnam says his agency would be a tough regulator for crypto market.
SEC Chairman Gary Gensler has been under pressure from Republican lawmakers and industry trade associations to allow more time for feedback on rulemaking.
The strategy blends short-term Treasury bonds with put options on longer-term bonds to ride the trend toward higher rates.
Tightening monetary policy to combat runaway inflation and ebbing liquidity are turning investors away from speculative assets across global markets.
The addition gives access to a menu of alternative investment products, including hedge funds, private equity, real estate and private credit.
As more crypto holders need help structuring their wealth, the staid world of estate planning is still playing catch up.
The additions will bring the agency's Crypto Assets and Cyber Unit to 50 people.
Mercer is acquiring HYA Advisors, an RIA based in Springfield, Missouri, as private equity money continues to drive RIA consolidation.
As fixed income suffers the brunt of the Fed's efforts to catch up on inflation, financial advisers suddenly have an alternative for short-term cash allocations.
The measure sponsored by a bipartisan group of representatives would bring exchanges that offer digital assets like Bitcoin directly under the purview of the Commodity Futures Trading Commission.
The asset manager says the new consumer, an industrial renaissance and medical innovation are areas where changes have exposed 'underestimated investment opportunities.'
Finra said last summer that it was launching an examination sweep probing the opening of options accounts.
