State claims the site misled investors about earnings potential, contacted them in violation of securities laws.
Chief securities cop Galvin sets up new unit to monitor newfangled funding methods.
Proponents want rule, critics worry about investor protection.
SEC chairman Mary Jo White says the agency will review even small trip-ups, but some observers wonder whether it will miss the forest for the trees.
An SEC advisory panel has floated a proposal that would raise investment advice standards for brokers, putting them on par with investment advisers. The proposal is sure to raise some hackles.
Finra moving inexorably in the direction of emphasizing a fiduciarylike standard.'
PIABA study show so-called expungement granted at least 90% of the time in the 1,625 cases in which it was requested between '07 and '11.
After switch to state regulators, study finds similar deficiencies.
'How can that be in the best interests of the client?' one asks.
