The agency says that Michael Sztrom's son David faked being an adviser with his father’s help.
Jacob C. Glick of Scottsdale allegedly took $355,000 from a client after he was terminated by his firm.
A former chairman of the Commodities Futures Trading Commission, former Treasury Department official and former Goldman Sachs executive, Gensler has developed a reputation as a tough regulator who also was a successful leader on Wall Street.
VALIC and Associated Bank were sued recently over their retirement plans, while a long-running case over losses in Valeant Pharmaceuticals stock in DST Systems' plan was settled for a total of $79 million in three separate agreements.
Federal Trade Commission member Rohit Chopra will be nominated to lead the Consumer Financial Protection Bureau; both choices signal the incoming administration is planning tough oversight.
The Labor Department's fiduciary rule and the SEC's Reg BI pose a real threat to the retirement savings of investors, but the Biden administration can put an end to the threat.
As scrutiny of the online brokerage mounts and as it prepares for an IPO expected later this year, it has recruited two officials from its front-line regulator.
“We need comprehensive capital gains reform,” incoming Senate Finance Committee Chairman Ron Wyden, D-Ore., said. “This is a kitchen-table issue.”
In a curious development to a strange, twisting tale, Butowsky, managing director of Chapwood Capital Investment Management, offered an apology to the brother of former DNC staffer Seth Rich on Twitter — then deleted the tweet.
The brokerage said a "hyper-partisan environment" led to its decision to stop contributing to political campaigns. However, the company will continue to lobby lawmakers in Washington.
Washington trade associations that represent financial firms and advisers are wrestling with whether and how to change their political action committee policies on donations in the wake of the riot at the U.S. Capitol.
The Justice department sued to block the acquisition in November, accusing Visa of trying to buy the financial technology firm to eliminate an emerging threat to its online debit business.
If Gensler is nominated by Biden to be SEC chairman and confirmed by the Senate, he would be the new administration's front-line regulator for Wall Street and the arbiter of what public companies must disclose to their investors.
The twin wins give Democrats operational control of the Senate, which is split 50-50s. While Democrats claim the majority because of the tie-breaking vote of Vice President-elect Kamala Harris, they hardly have free rein to advance legislation.
Under the measure, which the Financial Industry Regulatory Authority Inc. first released in May 2019, the broker-dealer self-regulator would use numeric thresholds for regulatory disclosures to identify firms that pose a heightened risk to investors.
The plaintiff failed to raise issues with the company's process of selecting and monitoring funds, a judge wrote
Walsh is a former head of the Boston Building and Construction Trades Council; his appointment is a signal that Biden will make the labor agenda a priority
The company was already targeted in another class-action case over the target-date series and managed account options in its plan
The challenges of the pandemic were magnified by the implementation of the SEC's Reg BI
The online trading platform’s popularity has skyrocketed over the last several months, but its fast growth has also generated increased regulatory scrutiny
