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JPMorgan, money managers pushing back against proposed SEC names rule
INVESTING ESG NOV 08, 2022
JPMorgan, money managers pushing back against proposed SEC names rule

The agency is floating tighter rules that would require certain funds to have at least 80% of assets correspond to investment strategies listed in their names.

Supreme Court hearing arguments to allow challenges to SEC, FTC
NEWS REGULATION AND LEGISLATION NOV 07, 2022
Supreme Court hearing arguments to allow challenges to SEC, FTC

The justices are considering whether those facing agency claims can go straight to federal court with constitutional challenges — including attacks on the use of in-house judges to handle cases.

Wells Fargo faces demand for fine exceeding $1B from CFPB
NEWS WIREHOUSES NOV 05, 2022
Wells Fargo faces demand for fine exceeding $1B from CFPB

The Consumer Financial Protection Bureau is pressuring the bank to pay the fine to settle a series of investigations into the bank's mistreatment of customers.

JPMorgan executes first live trade on public blockchain
INVESTING ALTERNATIVES NOV 03, 2022
JPMorgan executes first live trade on public blockchain

The bank issued tokenized $71,000 as part of the Singapore central bank’s pilot programs exploring the use of decentralized finance in the banking sector.

Fidelity to launch commission-free retail crypto trading platform
INVESTING ALTERNATIVES NOV 03, 2022
Fidelity to launch commission-free retail crypto trading platform

The brokerage has opened up a wait list for its new service Fidelity Crypto which will offer custody and trading of Bitcoin and Ethereum.

Federal Reserve delivers fourth straight 75-basis-point rate hike
NEWS INDUSTRY NEWS NOV 02, 2022
Federal Reserve delivers fourth straight 75-basis-point rate hike

Fed officials are also signaling their aggressive campaign to curb inflation could be approaching its final phase.

Gensler warns market players that SEC crackdown is just getting started
NEWS REGULATION AND LEGISLATION NOV 02, 2022
Gensler warns market players that SEC crackdown is just getting started

The Securities and Exchange Commission chairman told securities lawyers that the agency would pursue violations wherever and however they occur.

Vanguard to begin testing proxy voting pilot program for retail clients early next year
INVESTING ESG NOV 02, 2022
Vanguard to begin testing proxy voting pilot program for retail clients early next year

Instead of making decisions exclusively on its own, Vanguard will give individual investors in several equity index funds more options about how their shares are voted.

Wells Fargo in discussions with regulator to resolve investigations
NEWS WIREHOUSES NOV 01, 2022
Wells Fargo in discussions with regulator to resolve investigations

The firm is in talks with the Consumer Financial Protection Bureau regarding cases involving automobile lending, consumer-deposit accounts and mortgage lending.

Junk-bond ETF sees almost $1 billion of inflows ahead of Fed
INVESTING MUTUAL FUNDS OCT 31, 2022
Junk-bond ETF sees almost $1 billion of inflows ahead of Fed

Risk assets of all stripes have been climbing amid optimism that the Fed will dial back the pace of its rate hikes after it announces what's expected to be its fourth 75-basis-point rate hike in a row this week.