House Oversight Committee Chairman James Comer wants to know about US involvement in crafting EU ESG regulations.
Avery will track firmwide compliance protocols for RIAs, broker-dealers and banks.
'If you’re an investment advisor and you’re not putting your clients in the lowest-cost share class, then you’re running the risk of a fiduciary failure,' an expert says.
'If Finra doesn’t have the ability to enforce its own rules and discipline its members, then chaos will reign,' says PIABA President Hugh Berkson.
"It’s frustrating to see Finra charging brokers after the nail is in the coffin of [clients'] portfolios," one attorney says.
Some trade associations want the SEC to withdraw the measure. 'There is nothing for the chairman to do other than throw it in the garbage,' says the head of the American Securities Association.
European banks are facing new reporting requirements starting in 2024.
'That is about as cataclysmic an outcome as a claimant can have in a Finra arbitration,' says an attorney not involved in the case.
But those who showed objective knowledge paid less, research shows.
An advocate questions whether the CFP credential's fiduciary obligation can apply in a firm where advisors are dually registered.
'This is a transition of leadership,' says a former Democratic Senate staffer. 'It's business as usual with respect to oversight of the SEC.'
Regulator cannot challenge federal court judge’s ruling on Ripple Labs’ digital currency.
Goldman Sachs trader denies sharing tips with friends and family.
Opponents say the legislation would do little to help most people.
Galvin cites Fidelity's “half-hearted and lackadaisical attitude” on approving clients to trade risky securities.
But advisors who want crypto ETFs are waiting for spot products, observers say.
Ten firms, including Baird and Interactive Brokers, agreed to pay penalties totaling $79 million for employees' use of unmonitored communications channels on the job.
The regulator has paused decisions ahead of a government shutdown.
The former president could be back in court as soon as this Monday, with Trump Tower at risk.
Regal Assets and its owners pilfered $21 million from clients, the CFTC and California DFPI allege.
