“After learning about a bad actor who is barred, the securities industry should have a responsibility to put clients on notice,” one lawyer said.
Much as observers predicted strong returns for domestic small-cap value and the energy sector ahead of Trump's first term, the same enthusiastic assumptions this time around may be too simplistic, panelists at the Charles Schwab Impact conference said.
The ruling marks the latest setback for the Securities and Exchange Commission's efforts to tighten its regulation of the alternative investment space.
Federal securities agency confirms official timing of his resignation, recounts record of reforms and enforcement actions.
Industry groups ACLI and NAIFA hail milestone as backing for the model rule spreads to 48 states.
The broker sold the speculative, illiquid GWG L bonds to four customers, despite the bonds not being suitable for them, Finra stated.
The lobbying group's regulatory wish list to the president-elect's transition team includes reforms around ETF innovation, private-market products, and slashing regulatory costs.
Federal Reserve Chair was "neutral" in comments after November rate cut – and the election – but was clear that he won’t be pressured to leave his job by Trump.
A former Merrill Lynch broker, John Christopher Polit, helped launder bribe money for his father, according to reports.
The president-elect's pledge to dismiss SEC Chair Gary Gensler on "day one" will likely not be enough to undo all his regulatory initiatives immediately.
The regulatory coalition is proposing revisions to its model rule governing broker-dealers, which would include aligning it with Reg BI principles.
Survey research points to concerning gaps in governance and cybersecurity, with nine-tenths of respondents lacking policies around AI use by third parties.
If given the power to change a single industry issue, addressing the expiring Tax Cuts and Jobs Act of 2017 is what wealth managers said they would do, along with fixing regulatory burdens. Meanwhile, tariffs are a worry for some.
Former RBC advisor claims firm discriminated against her, and the timing of her firing could let the firm take a large portion of her book without compensation.
Affiliates of the Wall Street giant have agreed to pay civil penalties and voluntary payments to investors for failures in its disclosures, fiduciary breaches, and failures to make recommendations in customers' best interests.
The Democratic senator blasted the Justice Department's "absurd legal gymnastics," calling the bank's mea culpa earlier this month "not an acceptable outcome."
The Securities Industry and Financial Markets Association outlines frustrations around rules that overlap with SEC and Finra regulations, telling CFP Board: You’re not a regulator, so stop acting like one.
The global firm is navigating a crisis of confidence as an SEC and DOJ probe into its Western Asset Management business sparked a historic $37B exodus.
“YieldStreet raised money and some of the ships disappeared,” one attorney says.
"Beating up on a broker who is not represented by an attorney is akin to taking candy from a baby,” says one attorney.
