The hearing showed that Republicans and Democrats don't agree on what 'choice' means in the context of investing.
Clayton took a swipe at the current leadership of the Securities and Exchange Commission for swinging too far in the wrong direction.
Both federal and state officials drilled in on the firm's staking program, which offers customers a return for letting their tokens be used to facilitate blockchain transactions.
Although it lost nearly 16% in 2022, the 60/40 balanced portfolio has managed to deliver normal returns on average over longer time periods.
The case, which is seeking class status, also names Fidelity and Financial Engines as defendants.
BondGPT, which uses OpenAI technology to help power its bond analytics, will help traders find more liquid bonds at a better price.
The legislation mandates that the SEC think beyond current income and wealth thresholds to define the sophisticated investors who are qualified to buy private securities.
Regulator’s suit comes day after the agency sued crypto platform Binance for a wider set of violations.
As the banking crisis unfolded during the first quarter, the youngest investors were loading up on financial sector stocks and crypto, while older investors backed off.
The agency has for months been probing whether Binance illegally sold digital coins as the exchange was getting off the ground in 2017.
A report from the Sustainable Investment Institute shows a 76% uptick this year in shareholder resolutions asking companies to undo their work on diversity, equity and inclusion, and other issues.
Park Avenue Securities fell short in its supervision of a rep who helped operate a cannabis business, the regulator says.
The legislation seems to strike a balance between concerns about allowing ordinary investors to buy private placements and creating opportunities for them to diversify their portfolios.
Environmentally focused resolutions are getting double-digit support, but less than similar proposals had in 2022.
Investor harm is occurring among so-called sophisticated investors, and strong guardrails must be put in place if access to unregistered securities becomes easier for retail investors.
The state is poised to go much further on emissions reporting than the Securities and Exchange Commission.
Irvine-based JRL Capital Corp. reported total assets of $43,000 and total investor claims against the firm of $2.5 million.
The $1.4 trillion fund company continues to grow through acquisitions in a shrinking category.
The retirement plan for federal government workers also includes numerous Christian and 'pro-life' funds that would seemingly be affected by the legislation.
Austin Dutton last week lost an industry arbitration claim of $43,645 to a client related to sales of GWG bonds.
