Brokers had “flawed understanding” of the product and improperly guided clients to hold the ETFs, which are meant for short-term trading, according to a settlement announced Monday.
(Bloomberg) — Wall Street’s top regulator is calling for a broad-based review of the rules that underpin trading in the…
“Best Interest means best interest,” Gary Gensler, the new chair of the Securities and Exchange Commission, said in telegraphing increased enforcement of the agency’s nearly one year-old rule rule.
PIABA lawyers argue that Finra’s latest reform proposal is inadequate and that the SEC should reject the proposal by a May 28th deadline.
U.S. Securities and Exchange Commission Chairman Gary Gensler sent his strongest signal yet that wild trading in GameStop Corp. could lead to new rules for online brokerages and firms that dominate the business of executing stock orders.
The U.S. Securities and Exchange Commission’s new enforcement chief abruptly resigned Wednesday, citing a complication in a case from her prior legal career, an early and significant setback in Chairman Gary Gensler’s tenure running the Wall Street regulator.
U.S. Securities and Exchange Commission Chairman Gary Gensler named Alex Oh, a former federal prosecutor, to lead the regulator’s vaunted enforcement unit that polices Wall Street.
Kansas-based investment advisor was over-charging at least four clients while he also ran a risky leveraged ETF strategy that cost some millions in losses.
2021 firm examination priorities add array of climate-related and disclosure issues to traditional focus on sales practices involving high-risk securities.
Gary Gensler, President Joe Biden’s pick for the U.S. Securities and Exchange Commission, said ensuring retail investors are protected when using trading apps that have exploded in popularity would be a focus if the Senate confirms him to lead Wall Street’s top regulator.