The theme of the broker-dealer self-regulator's agenda this year is protecting the retail investors who have surged into the financial markets, Finra CEO Robert Cook said during a webinar.
'It’s really important to get the public feedback, but it’s also really important to move on,' the agency's chairman told a group of financial industry representatives.
Ex-broker Perry Santillo also must pay $103 million in restitution.
OCC gives conditional banking license for online lender SoFi.
Litigators this week brought class-action lawsuit claims against PPL Corp., Mass General Brigham and Milliman Inc. over their multibillion-dollar 401(k)s and 403(b)s.
While 2021 presented several challenges, there were also many positive legislative and regulatory developments over the course of the year.
It's unclear how political battles on other issues will affect the timeline for votes on administration nominees.
The victorious lawyer focused on alleged missteps related to liquidity and risk management, rather than conspiracy theory.
Matthew Clason was registered with Lincoln Financial Advisors until 2016, when he moved his registration to LPL Financial.
Finra says member firms are experiencing 'operational challenges' due to the pandemic that make in-person examinations difficult.
Most SEC rule proposals under Chairman Gary Gensler have had only 30-day comment periods, said GOP Rep. Patrick McHenry and Sen. Patrick Toomey.
The agreement is separate from a $6.6 million payment the company previously made and requires it to add a brokerage window to its plan.
The researchers used data-analytic tools to establish that language in many funds’ prospectuses lacked clarity .
Scams involving self-directed individual retirement accounts are another area of concern, according to an annual survey by the North American Securities Administrators Association.
Obtains partial judgment against Wisconsin adviser; court will determine penalties later.
The InvestmentNews reporting team looks ahead to 2022 and sees many of these long-term trends continuing.
The DOL and the SEC are poised to advance several rulemakings this spring related to ESG investing.
Both the Labor Department and the SEC are working on proposals whose thrust is to encourage the use of ESG factors, an abrupt reversal of Trump administration policy.
Much of the proposed class-action case against Rollins Inc. points to investment guidance from an adviser to the plan who is not a defendant.
If Congress finally comes to an agreement on the bill, some provisions could be retroactive. The state and local tax deduction hangs in the balance.
