The Securities and Exchange Commission (SEC) has taken action against Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network for overcharging thousands of investment advisory account...
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Four federal agencies will host a roundtable discussion next month on the availability of special purpose credit programs (SPCP) to meet the credit needs of eligible individuals. SPCPs are a tool per...
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The Securities and Exchange Commission (SEC) adopted amendments last week that narrow the exemption from a law that requires broker-dealers to become a member of a national securities association. Sp...
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U.S. Sen. Joni Ernst (R-IA) led a field hearing in Des Moines, Iowa, to examine the impact of federal regulations on small businesses. Ernst is the sponsor of legislation called the Prove It Act, whi...
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At its Summer National Meeting last week, the National Association of Insurance Commissioners (NAIC) adopted the Regulatory Guide to Understanding the Market for Cannabis Insurance: 2023 Update. The ...
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The Consumer Financial Protection Bureau (CFPB) fined Freedom Mortgage last week for illegally providing incentives to real estate brokers and agents in exchange for mortgage loan referrals. The C...
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Marking the one-year anniversary of the passage of the Inflation Reduction Act (IRA), the Internal Revenue Service (IRS) outlined some of its achievements toward its goals of delivering world-class se...
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CME Group, a leading derivatives marketplace, has undergone a realignment of its FX futures, options, cash and over the counter (OTC) FX businesses. The realignment now has these businesses in a si...
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The Commodity Futures Trading Commission (CFTC) settled charges against a Texas company and its owner for committing fraud while acting as an unregistered commodity trading advisor (CTA) and for faili...
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Fifteen financial industry groups, including the Managed Funds Association (MFA), are asking the U.S. Securities and Exchange Commission (SEC) for a 60-day extension of the comment period for proposed...
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