Senate and House members introduce a measure that would establish retirement accounts for low- and middle-income workers not covered by an employer plan.
The agency is targeting so-called payment for order flow, which proponents say allows for low-cost trading but critics say doesn't give customers a good deal on their orders.
Supporters say the measure will help consumers grasp the product, a kind of variable annuity touted for its downside protection and used in retirement savings.
The Investment Adviser Association lobbied against what it called an 'overbroad' regulation for advisers whose business models don't create money-laundering risks.
The SEC finds that some firms use generic compliance programs that aren't tailored to the particular hacking dangers their accounts face.
The Senate and House bills will both die at the end of the year if they are not approved. It’s not clear whether sponsors will reintroduce them in January.
An investor alleges the firm made unauthorized trades. The Finra arbitration decision comes as the regulator is conducting an exam sweep on options.
Experts participating in the InvestmentNews ESG Summit assert that using ESG factors provides better insight on potential return.
Dana Vietor of Independence, Iowa, had solicited investments to buy a building in Dallas to house cancer treatment and other equipment.
The SEC chairman wants to reduce the costs of the men and women in the middle of the market. That means you, InvestmentNews readers.
