The defunct Titan Securities, a small broker-dealer based outside of Dallas that closed its doors in June, exemplifies how poorly vetted and potentially dangerous investment products wind up in the hands of mom and pop investors, and how the mission of securities regulators to protect investors needs to improve...
Strategists at UBS Investment Bank have made bold predictions regarding the Federal Reserve's future interest rate cuts, based on their expectations of an economic downturn. UBS Investment Bank's Arend Kapteyn and Bhanu Baweja have forecasted that the Federal Reserve will start on a substantial m Learn more about reprints and licensing...
Nearly three dozen venture capital firms have signed a set of voluntary commitments, with feedback from the Biden administration, for how the many startups they back should develop artificial intelligence technology responsibly. Responsible Innovation Labs, a nonprofit coalition of investors and Learn more about reprints and licensing for this article.
SEC Chair Gary Gensler has been able to forge ahead with an aggressive rulemaking agenda despite strong industry pushback and political pressure from Capitol Hill. But something looms in November that would stop him in his tracks — a government shutdown. Federal funding is set to ex Learn more about reprints...
Legislation that contains several provisions to stop major SEC rule proposals affecting financial advisors stalled in the House Thursday, and the so-called policy riders face a difficult legislative path ahead. The House postponed a final vote on an appropriations bill that would fund the Securities and Exchange Commission and several...
Two groups sometimes at odds with Finra over how best to protect investors are backing the regulator against a lawsuit that questions its constitutionality. The Financial Industry Regulatory Authority Inc. is defending itself against a claim brought by Alpine Securities Corp., a firm Finra expell Learn more about reprints and licensing...
Finra arbitrators rarely reveal the reasoning behind their decisions. But this week, a panel went into unusual detail to explain to Latin American victims of a Ponzi scheme why they won’t be able to collect damages against a major brokerage. More than 100 claimants, most of them from Ecuador, filed...
In a groundbreaking decision that has sent shockwaves through the real estate industry, the United States’ premier real estate brokerage firms have been held responsible for a staggering $1.8 billion in damages. This verdict comes after allegations of a seven-year conspiracy to compel homeowners to pay substantial commissions to...
A Southern California registered representative and a broker-dealer executive on Monday lost an arbitration claim of a little more than $1 million in damages to an investor who bought GWG Holdings Inc. L bonds in 2018. Dozens of broker-dealers sold about $1.6 billion in GWG L bonds, so-called because...
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