The unanimous voice vote adds to momentum for Congress to pass SECURE 2.0 by the end of the year.
The Boston-based hedge fund manager was charged with violating short-sale rules in seven public offerings.
The measure is likely to become part of a larger Senate counterpart to the comprehensive retirement savings bill known as SECURE 2.0 that was approved in the House earlier this year.
Charles Schwab Corp. has agreed to pay $187 million to settle charges from the Securities and Exchange Commission that the discount brokerage did not disclose how its robo-adviser used large cash holdings in client portfolios to generate revenue.
Investing in the Treasury-backed inflation hedge comes with a few challenges, but the 9.62% yield is seen as worth the effort.
The agency is reportedly looking into whether some of the investments for mutual funds offered by Goldman's asset management unit are in breach of ESG metrics promised in the marketing materials.
SEC Chair Gary Gensler argues the U.S. equities market is littered with hidden costs and conflicts of interest.
Gerber will help oversee the Thrift Savings Plan, a defined-contribution program for 6.2 million federal workers that is now offering ESG options.
A Northern California District Court judge dismissed a class-action lawsuit alleging Charles Schwab’s Intelligent Portfolios violated its fiduciary duty by over-investing clients in cash.
Tameem Habib applied for the loan without telling his firm, J.P. Morgan Securities, that he had an outside business.
US SIF Forum hears naming restrictions and disclosures for ESG dabblers are up for debate.
Treasury chief says it would be reasonable for Congress to regulate what assets could be included in tax-favored retirement vehicles.
The Manhattan U.S. attorney's office is reportedly investigating allegations the firm conducted sham job interviews of minority candidates to satisfy in-house diversity guidelines.
A new study finds that tax incentives for saving for retirement primarily benefit high-income households.
Lisa Gomez is poised to become DOL assistant secretary and head of the Employee Benefits Security Administration, while Jaime Lizárraga and Mark Uyeda are set to join the Securities and Exchange Commission.
Bill Hamm of IFP Securities said the SEC started its inquiries last year into broker-dealers that had sold GWG bonds.
SEC Chair Gary Gensler is proposing sweeping changes to the rules underpinning the U.S. stock market, including a possible auction mechanism that would help retailer investors get the best pricing for their orders.
While the firm has prevailed in some cases involving its options trading strategy. its losses are adding up, too.
A second-generation enrolled retirement plan agent explains how he helps companies smooth out plan problems with the IRS.
While chances of passage are slim ahead of November’s midterm elections, it could act as a starting point for negotiations next year.
