Despite Reg BI's implementation, many broker/dealers continue to operate as they did under the suitability standard, according to a new NASAA report. But the group is advocating additional guidance in lieu of amendments to the SEC’s rule.
It’s clear that regulators aren’t ready to greenlight any exotic crypto ETFs yet.
Gensler first raised concerns about bond transparency in September, saying he’d asked the SEC staff to recommend ways to make the markets for corporate and municipal debt and mortgage backed-securities less opaque.
Gurbir S. Grewal is Director of Division of Enforcement, U.S. Securities and Exchange Commission
Melanie Senter Lubin is Maryland Securities Commissioner, President of the North American Securities Administrators Association
According to charges filed by the Justice Department and the SEC, New Jersey–based b/d and investment advisor Kenneth Welsh used clients’ funds to buy gold coins and precious metals.
The order concerning Lexion Capital Management comes one week after the commission claimed a Syracuse-based firm failed to file and deliver its form to the SEC and clients.
The Justice Department said Steven Gallagher made over $1 million by bringing 'old-school boiler room tactics to the Twitter age.'
According to the commission, as founder and owner of AMV Investments, Ann M. Vick made 'Ponzi-like payments' to cover promised returns for investors.
