The businesses will pay a combined $850,000 for allegedly using hypothetical performance in advertising without updating their policies and procedures to comply with the rule.

Too many firms were failing to consider and offer lower-cost or lower-risk alternatives to the non-traded products, or other complex offerings like private placements, according to a new report from state regulators.

A pair of recent legal setbacks have Wall Street’s top cop on the defensive.

The ruling marks a major legal win for the crypto industry and sent the price of Bitcoin surging by as much as 7%.

The Commission is expected to respond to filings from Bitwise, BlackRock, VanEck, WisdomTree and Invesco.

The higher court ruling overturns one that found in the online broker's favor in early 2022.

In June, Wells Fargo paid the affected accounts $39 million in reimbursed fees with interest.

New York-based fintech advisor Titan Global Capital Management will pay more than $1 million to settle charges it made misleading statements concerning hypothetical performance metrics for its crypto strategy.

Executive Vice President Bill St. Louis will take over from interim director Christopher Kelly.

Following a conviction last year, Keith Todd Ashley was sentenced this week to life in prison in a fraud scheme that ended in his client's murder.