Chicago’s Loop Capital Markets helped an unnamed Midwestern city buy fixed-income securities.
The top Republican on the Senate Banking Committee pressed the SEC chair to scrap an agency proposal to require climate reporting by public companies.
Oppenheimer's charge of "evident partiality" by an arbitrator in the $36.7 million decision it lost last week revisits the question of fairness in arbitration proceedings.
During Fiduciary September, the head of the Institute for the Fiduciary Standard worries that the SEC is eroding the standard.
Regulators, analysts and financial advisers worry the easy access to enhanced performance will hurt unsophisticated investors.
The Wells Fargo retirement plan paid more than fair market value for stock that diminished participants' savings when it was allocated to their accounts.
James K. Couture of Massachusetts pleaded guilty to four counts of wire fraud, four counts of aggravated identity theft, one count of investment adviser fraud and one count of witness tampering.
The firm failed to report positions to the Large Options Positions Reporting system in more than 7.4 million instances.
The firms managed private funds and fell short of custody compliance by failing to give investors audited financial statements about the funds.
The actions outlined in Finra settlement with Sanctuary predate Sanctuary’s acquisition of David A. Noyes, a company spokesperson notes.
Broker and adviser standards of conduct differ in some respects but should result in the same outcome for investor protection, an agency official said.
Excessive trading in clients' accounts at Joseph Stone Capital occurred from January 2015 to June 2020, according to Finra.
In a speech, the SEC chair repeated his demand that crypto exchanges, brokers and attorneys in the digital coin industry comply with securities rules.
CEO Patrick Mahoney hopes to work with the CFP Board and NAPFA in achieving legal protection for planning profession, even though it left the group over differences on the issue.
The investors cited a violation of Georgia's RICO law to boost their award against Oppenheimer.
The regulator says the New York-based firm failed to disclose conflicts of interest.
An attorney who formerly represented the TV talk show host claimed that Williams was 'left to die' by her adviser at Wells Fargo and her former business manager.
But a different case centering on the complex option strategy was dismissed last month by a separate panel of arbitrators.
On Wednesday, James Iannazzo agreed to pay $7,500, an amount his attorney called a 'token payment.'
By using a proactive approach, firms not only save time and minimize risk, but they also instill confidence into their team from the top down.
