Regulation & Compliance

Damian Williams is taking charge of the office known for being the nation’s most aggressive prosecutor of white-collar crime.

Independent RIA owners have greater latitude in recommending digital assets than employees of financial institutions, according to attorney Max Schatzow during a presentation at CoinDesk’s annual Bitcoin for Advisors event.

If states adopt the rules, they could bring the hammer down on advisors and firms that shirk paying the fines.

The SEC chair also spoke about cryptocurrency, agency resources and Regulation Best Interest before the U.S. House Committee on Financial Services.

TCFG's advisory clients paid fee markups as often as 60% of the time in more than 10,000 executed transactions over the course of several years, according to the SEC complaint.

Naseem Mohammed Salamah is charged with stealing nearly $970,000 from three elderly clients and spending the funds on vacations and luxury car leases.

The danger of self-directed IRA scams heightened during the pandemic, as many investors were at home and online but isolated from in-person interaction, NASAA says.

The Public Investors Advocate Bar Association (PIABA) found that 24% of money awarded last year went unpaid; the group argues the problem of unpaid arbitration awards could get even worse in a down market.

FINRA will look at how firms acquire customers through social media, particularly through outside influencers with large online followings.

The U.S. Chamber of Commerce, SIFMA and other trade groups argue that the temporary enforcement guidance scheduled to end Dec. 20 should be extended for six to 12 months.