At a meeting of the SEC Investor Advisory Committee, SEC Chair Gensler says many digital tokens are securities and fall under its jurisdiction, while Commissioner Peirce says agency is applying 'strategic ambiguity' to pursue enforcement first.
The key is for funds to be transparent about their investment strategies and live up to them, panelists at the InvestmentNews ESG Summit said.
The Fidelity Charitable poll confirmed an upward trajectory in giving, while Vanguard Charitable updated a web tool that helps investors target donations toward homelessness and hunger.
The House Financial Services Committee approved by voice vote legislation to jump-start a state grant program. A backer is optimistic about its Senate prospects.
Women going through a difficult life transition, such as a divorce, often want to turn to other women for financial advice, said Stacy Francis, chief executive of Francis Financial.
The agency filed 434 new cases in fiscal 2021, while ordering $3.9 billion in penalties and disgorgement, down from $4.7 billion in fiscal 2020.
In a recent speech, SEC Commissioner Allison Herren Lee pointed out how the annuity rule differs from Reg BI on mitigating conflicts of interest.
Democrats back the legislation, but Republicans are united against it. While the measure was passed by a House committee, an advocate calls winning congressional approval a 'Herculean task.'
The regulator is considering how to utilize in-person and remote participation to capture 'the best of both worlds,' CEO Robert W. Cook said.
Developing a tailored regulatory filing form for RILAs could help investors better understand the product. The proposal has the backing of the insurance industry and investor advocates.
