Lisa Gomez is poised to become DOL assistant secretary and head of the Employee Benefits Security Administration, while Jaime Lizárraga and Mark Uyeda are set to join the Securities and Exchange Commission.
While the firm has prevailed in some cases involving its options trading strategy. its losses are adding up, too.
Advisers may get away from the office physically, but during these uncertain times they can't leave work behind completely.
A NASAA model rule gives states the ability to yank the license of a brokerage or advisory firm that dodges an arbitration award or other judgment.
Many trade groups representing financial advisers have donated to at least one lawmaker who objected to certifying the 2020 presidential election.
ForUsAll, a 401(k) provider that specializes in alternative investments, alleges that Labor exceeded its authority by trying to institute an effective ban.
The restitution settles Finra charges that the firm recommended Class C shares with ongoing fees when more affordable Class A shares were available.
The firm and the former rep were ordered to pay Carlos Ramon Tapia Sanchez $160,000 each in damages; his attorney said the broker inappropriately recommended that Sanchez invest in junk bonds.
The measure will provide part of the foundation for the Senate companion bill to SECURE 2.0, which the House approved in March.
The agency’s goal is to give investors more and better information so that they can determine whether companies and investment funds are living up to their ESG promises, the SEC chief said.
