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SEC takes aim at payment-for-order flow
INVESTING EQUITIES JUN 08, 2022
SEC takes aim at payment-for-order flow

SEC Chair Gary Gensler is proposing sweeping changes to the rules underpinning the U.S. stock market, including a possible auction mechanism that would help retailer investors get the best pricing for their orders.

Wells Fargo pauses diversity rules for hiring after report of sham interviews
YOUR PRACTICE PRACTICE MANAGEMENT JUN 07, 2022
Wells Fargo pauses diversity rules for hiring after report of sham interviews

CEO Charlie Scharf said in a memo that the bank would halt the use of diversity guidelines for hiring as it reviews the reports of fake interviews.

Citadel Securities, Virtu form crypto plan with Fidelity, Schwab
INVESTING ALTERNATIVES JUN 07, 2022
Citadel Securities, Virtu form crypto plan with Fidelity, Schwab

The crypto offering, still in its early development, could be available late this year or early next.

Sweeping US crypto legislation targets stablecoins, mining
INVESTING ALTERNATIVES JUN 07, 2022
Sweeping US crypto legislation targets stablecoins, mining

While chances of passage are slim ahead of November’s midterm elections, it could act as a starting point for negotiations next year.

Key factors indicate imminent inflation relief
NEWS INDUSTRY NEWS JUN 07, 2022
Key factors indicate imminent inflation relief

Prices are easing for forward-looking elements of manufacturing and shipping, which could ease inflation.

SEC weighs sending retail stock orders to auctions for execution
NEWS REGULATION AND LEGISLATION JUN 07, 2022
SEC weighs sending retail stock orders to auctions for execution

Changes would impact the exchange businesses which display prices and aggregate trading data.

Banks, tech giants losing skilled workers to flexible fintechs
YOUR PRACTICE PRACTICE MANAGEMENT JUN 06, 2022
Banks, tech giants losing skilled workers to flexible fintechs

The exodus from Wall Street, the City of London and Silicon Valley has picked up speed during the pandemic, according to data from a workplace intelligence company.

SEC public service campaign sparks outrage online
NEWS REGULATION AND LEGISLATION JUN 03, 2022
SEC public service campaign sparks outrage online

The SEC's 'Investomania' videos are an attempt to encourage investors to research before investing, but some are upset by the videos' references to meme stocks and crypto.

Goldman's Waldron warns of unprecedented economic shocks
NEWS INDUSTRY NEWS JUN 03, 2022
Goldman's Waldron warns of unprecedented economic shocks

Echoing remarks earlier this week by JPMorgan's Jamie Dimon, Goldman's president cited 'tougher economic times ahead.'

Wall Street’s lawyers attack SEC effort to crush greenwashing
INVESTING ESG JUN 01, 2022
Wall Street’s lawyers attack SEC effort to crush greenwashing

Lawyers are concerned about what they consider vague demands for more disclosure.