The SEC says Pierce failed to disclose that he was paid more than $244,000 to promote the EMAX token, offered by EthereumMax, on Twitter.
In a decision this week, a district court judge overturned FAQs indicating that rollover recommendations for a 401(k) fall under ERISA, though attorneys believe the DOL will likely appeal.
If finalized, the amendments could expand the rule’s scope to further include crypto assets.
The results showed that "shadow trading" was most prevalent in the health care, technology, and industrials sectors.
A slight adjustment in the account opening process can save advisors and clients time and avoid NIGO reports.
A federal court found New York-based Adam Belardino guilty of embezzlement and defrauding several investors, as well as employees at his firm in a series of schemes.
The Examinations Division will continue to focus on ESG and look for firm policies that are 'reasonably designed' to comply with the SEC's marketing rule.
