InvestmentNews combed through the tax forms of groups in the financial services space to learn what their CEOs earn, as well as other financial metrics.
The provision is part of the Inflation Reduction Act the Senate approved over the weekend and the House will take up this week.
State regulators grant more time for input after getting pushback from groups representing the alternatives sector.
A major modification to the proposal would allow state regulators to participate in arbitration hearings that determine whether to clear a broker's record of a customer dispute.
Among the suggestions for mitigating conflicts are to avoid compensation incentives for selling certain products and to minimize incentives for favoring one type of product or account over another.
The initiative effectively extends the online supervision of branch and non-branch operations that Finra allowed during the pandemic.
Investment advisers would have to establish anti-money laundering programs under a provision tucked into the bowels of the National Defense Authorization Act. It's another example of the breakdown of regular order on Capitol Hill.
Each of the firms failed to comply with the agency's rule on identify theft red flags.
The changes include raising the net-income and net-worth thresholds for purchases and imposing a portfolio concentration limit.
The SEC's rulemaking roster includes 27 in the proposal stage and 26 in the final stage — giving everyone plenty of favorites and targets.
