Although there will almost certainly be a legal challenge, don’t count on it going away, lawyers say. Here are some big issues to watch for.
Brokers have been wondering whether they’re complying correctly with the standard of conduct. Enforcement cases this year may shed more light than ever before.
'We reject the premise that any part of our app, past or present, is 'gamified,'' a Robinhood spokesperson notes.
'This vote is not going to usher in a new era of strange alliances on votes on rulemakings or other applications to list and trade products,' says a securities lawyer. But staving off potential court intervention may shape upcoming final rules.
The regulator issued a set of answers to frequently asked questions addressing contributions, limits and investment types.
The final DOL rule threatens the independent status advisors 'rely on...as they build their businesses,' says FSI CEO Dale Brown.
Firm's tactic 'not only undermined critical investor protections and placed investors at risk, but was also illegal,' says SEC enforcement director.
Congressional negotiators are locked in talks over renewing expired business tax breaks and boosting the child tax credit.
In one of his last actions as CFP Board chairman, Daniel Moisand testified at last month’s hearings on the Department of Labor’s latest advice proposal.
Inflation is still not under control so cuts may be smaller than expected.
The agreement with federal prosecutors ends a years-long investigation and allows the bank to avoid criminal charges.
'Financial advisors don’t understand bitcoin,' one senior executive notes. 'It's a disaster waiting to happen.'
The products, which could begin trading Thursday, will be closely scrutinized by the regulator, which did not approve them willingly, a lawyer says.
'We ought to require the best interests of the investor to be protected and we’ve got some loopholes to fill,' says top Democrat on the panel.
The exchange-traded funds will greatly increase access to the largest cryptocurrency.
As governments prepare to ramp up supply, will investors want to take the risk?
'We're small business owners; we’re entrepreneurs,' advisor says. 'I don't know what that would look like if we're suddenly employees of a broker-dealer.'
Finra reveals it's keeping tabs on salespeople and financial advisors who are involved in the marketing and sale of digital assets.
Chair Gary Gensler denounces unauthorized social media post.
The cryptocurrency has eased from a $47K high but is up 10% so far this year.
