FINRA’s National Fraud and Financial Crimes Detection Programs has sent 50 cases to the SEC involving potential fraud by public companies related to COVID-19. So reports Think Advisor.
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Securities and Exchange Commission Chair Mary Jo White is proposing a host of reforms for…
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The Financial Industry Regulatory Authority has warned its member firms that claiming IRA are free…
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While market bulls are understandably cheering the ongoing equity rally off of 2009 lows, the…
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Smart beta funds are one of the hottest trends on Wall Street and are generating…
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A recent Government Accountability Office report maintains that 401(k) providers…
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The Department of Housing and Urban Development has changed principal…
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Since the turmoil that seized the banking sector with the mid-March failure of Silicon Valley Bank, at least 21 advisors have left First Republic Bank, with 13 heading to Morgan Stanley. So reports AdvisorHub.
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Private equity group Reverence Capital Partners is courting suitors for a minority stake in wealth…
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The NFL Players Association has approved UBS to work with current and former players through…
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Chairman Gary Gensler said the SEC is looking at retail trading apps and SPACs out of concern for the wellbeing of smaller investors. So reports Barron’s.
While it’s not clear what action the SEC will take, Gensler has repeatedly said that zero commission trades are “not free” and do come with costs that are not obvious. He did note that the agency would look at the equity market structure and also noted that other countries have banned payment for order flow.
Gensler also expressed concern about the number of orders that are routed to dark pools.
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