Advisers would have to step up due diligence and monitoring of third-party providers, potentially including those who provide portfolio management and indexing.
How well the system works will depend on the quality of the taxonomy, a compliance expert said.
In an appearance at SIFMA's annual conference, the SEC leader declined to provide a timeline for final regulations on his broad agenda.
State regulators filed cease-and-desist orders against an organization based in the country of Georgia that was selling non-fungible tokens known as Slotie NFTs.
There’s a lot more than control of the House and Senate on the ballot in November, especially for Gary Gensler and the SEC.
There's some chance that members of both parties will want to open private markets to more ordinary investors.
The Federal Trade Commission says older Americans lost $147 million in 2021, up 213% from 2020, with crypto rip-offs being a leading culprit.
Republicans on the House Financial Services Committee give a preview of the pressure they're likely to apply to SEC Chairman Gary Gensler if the party takes over the House in the midterm elections.
Both revenue and adviser head count increased, and Andy Sieg, president of Merrill Lynch Wealth Management, attributed the strong results partly to the firm's advisers.
The Department of Labor may not be inclined to change a proposal that would potentially upend the business model for independent broker-dealers and insurance agents.
