In wake of Goldfarb resignation, trade group to cut "salary" from options.
New ads tout investments that may elude even the most sophisticated investors
A House Democrat has introduced a measure to end mandatory arbitration, but the bill might get stuck in its Republican-controlled committee.
Republican commissioner blasts proposal, claiming its sole purpose is to 'shame CEOs'
Two key GOP congressmen blast SEC regulation of private funds, claim the agency is protecting fat cats at expense of ordinary investors. Focus on RIAs, they say.
The SEC says that in a 'free-rider' scam, a New York money manager bought stock with no funds and kept the gains but ditched losses. In the course of the trading, he allegedly defrauded three brokerages out of $2 million.
New Republican SEC Commissioner Michael Piwowar is likely to continue the emphasis on cost-benefit analyses of agency rules, an effort that was elevated by his predecesor, Troy Paredes. A potential uniform fiduciary standard of care for retail investment advice has proceeded slowly because of such a regulatory impact study.
Would-be commissioners say White's approach makes sense.
