A California law requiring that publicly held companies have a minimum number of women on their boards was struck down on May 13.
California is looking to expand its auto-IRA program, while Missouri, Arizona and Hawaii are considering joining the club.
'This space, crypto markets, is a highly speculative asset class,' the SEC chairman said Monday at Finra's annual meeting.
The defendants, including two who had been barred from the brokerage industry, pocketed more than $75 million.
Over the years, some have become convinced Reg BI is a significant step up from brokers’ previous suitability standard. Others remain skeptical that it’s tough enough to curb broker conflicts.
It’s not clear when the agency will announce its first major enforcement actions regarding recommendations brokers make to customers, the substantive heart of the regulation.
Ian Delahunty bought a leveraged exchange-traded note and owned it for 199 days rather than the day or two it was meant to be held.
Steven F. Muntin, 57, had his own independent RIA, Executive Asset Management Inc., which had $26 million in client assets, according to the SEC.
Brokerage and fund trade associations caution against limiting the market for retail customers. Consumer group and state regulators say more oversight is needed to protect investors.
Fidelity wants to make it easier to allocate 401(k) assets into Bitcoin, while the Department of Labor is warning plan fiduciaries to be extremely careful about using crypto.
SEC Chairman Gary Gensler warns that the products “can pose risks even to sophisticated investors, and can potentially create systemwide risks by operating in unanticipated ways."
But as the year goes on, the current market volatility is likely to cause the number of arbitration cases to spike.
CFTC Chairman Rostin Behnam says his agency would be a tough regulator for crypto market.
The collapse of Archegos Capital Management shows a need to rethink some of the agency’s rules, Rostin Behnam says.
The broker-dealer self-regulator projects a drop in corporate filings and market trading volume, which will reduce its fee income.
SEC Chairman Gary Gensler has been under pressure from Republican lawmakers and industry trade associations to allow more time for feedback on rulemaking.
A Finra arbitration panel ordered UBS to pay the clients $2.9 million in compensatory damages and $966,000 in attorneys' fees.
The firm, which was the second-biggest underwriter of special purpose acquisition companies last year, has been telling sponsors of the vehicles it will end its involvement, sources said.
Republican lawmakers express concern over expansive SEC agenda that they say exceeds the agency's authority and jurisdiction.
The interest-rate increase is the biggest since 2000 and is the most aggressive policy action in decades to combat soaring inflation.
