The index-based strategy, which has been described as 'baby steps' into the crypto space, will not offer direct exposure to digital currencies.
Cambridge says it is prepared to defend itself against the SEC's allegations.
The bank's RIA unit will pay $30 million into an SEC fund to be distributed to harmed investors.
Among the provisions of a draft bill are one that would improve fee disclosures in defined-contribution plans and another that would allow annuities as qualified investment default alternatives in plans.
Four Advisor Group broker-dealers recently reported facing 58 investor suits totaling $19.4 million related to the private placement investments.
The Labor Department charges a Chicago fund's fiduciaries and counsel with committing multiple ERISA violations.
The chairman of the Securities and Exchange Commission posted a video on Twitter Tuesday that goes over some of his top concerns about investment funds claiming to follow ESG criteria.
Industry opponents fear a reprise of the Obama administration measure. Advocates say expanded protections are needed for retirement savers.
The Department of Homeland Security has set up a page warning of cyberattacks emanating from Russia, and both the SEC and Finra echoed those concerns in notices to the public.
Three arbitrators took Wells Fargo Advisors to task for what the firm said about Aaron Olson on his Form U5.
The SEC is probing Citigroup Global Markets Inc. and other firms over communications sent over unapproved electronic messaging channels.
California prevailed in a legal battle over its auto-IRA program.
Experts say an SEC proposal would significantly raise regulatory costs but the robust PE sector should maintain its transactional pace.
The lawyer representing Darryl Cohen says Cohen's clients didn't lose money. The lawyer for the athletes says the cases center on the diversion of funds, not overall profitability.
In December, the SEC and CFTC imposed $200 million in fines on JPMorgan Chase over messaging apps.
Participants allege the plan allowed Alight Solutions to charge too much for record keeping.
The measure clarifies how the prohibition on 'stretch' IRAs should be applied and provides details on implementing the rise in the RMD age to 72.
Bill would raise deduction cap for most and exclude millionaires. However, the plan is unlikely to be taken up in Congress anytime soon.
The bank said regulators including the Labor Department are looking at transactions related to the plan's employee stock ownership feature.
Bank cooperating with CFTC probe into business communications. This comes after JPMorgan was fined for messages outside work systems.
