SEC Warns Crypto Broker of Possible Infractions

Brokerage companies claim cryptocurrency is not a security. The Securities and Exchange Commission (SEC) sent a “Wells notice” to Robinhood, a retailer securities broker. The document warned of…

Read More

Biotech CEO Sentenced for Obstructing Investigation of Fake COVID-19 Tests

Keith Berman defrauded medical device investors and lied to the FDA. The CEO of a fraudulent California biotechnology company was sentenced to seven years of prison on Friday…

Read More

SEC Pauses Climate Disclosure Investment Rule

The rule is currently the subject of lawsuits brought by state attorneys general. The Securities and Exchange Commission (SEC) announced that it will pause the implementation of its…

Read More

SEC Fines Two Investment Firms for “AI Washing”

Chair Gensler says advisors should not claim to use AI when they do not. The Securities and Exchange Commission  (SEC) fined two investment companies a combined $400,000 for…

Read More

SEC Votes to Approve Emissions Disclosure Requirement for Investments

The rule will not apply to small businesses. The Securities and Exchange Commission (SEC) voted to pass a new climate disclosure rule for large and medium-sized companies offering…

Read More

SEC Committee Discusses Proposed Regulation of Financial AI

Opinions differ regarding the purpose of regulation. An advisory committee for the Securities and Exchange Commission (SEC) recently met to review the agency’s latest draft for a policy…

Read More

Administration Updates Rules on Junk Fees in Retirement Planning

SEC regulation will close loopholes allowing advisors to recommend products that do not offer benefits. President Joe Biden and administration officials have announced tightened rules to clamp down…

Read More

Gary Gensler, Chair, Securities and Exchange Commission

Gary Gensler, Chair, Securities and Exchange Commission

Read More

5th Circuit Court Upholds Nasdaq Board Diversity Rule

Judges state the board information is important for transparency. The 5th Circuit Court of Appeals rejected the latest lawsuit filed by Edward Blum and upheld Nasdaq’s board diversity…

Read More

SEC Chair Warns of AI Threat to Financial Systems

Investment advisors should not overly rely upon artificial intelligence for financial data interpretations. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently warned of the current risks artificial…

Read More

Back to top
FE3