Regulation

The broker allegedly spent his client’s money on luxury items then pivoted to a Medicare fraud scam a couple of years later.

Three recent criminal cases raise concerns that wealth managers and regulators aren’t detecting alleged fraud quickly enough or disclosing basic information about crimes and disciplinary problems.

The rare move to set aside the regulator’s ruling came more than a decade after the rep ran into trouble by adding notes about his client into a software program.

The investments can pose substantially more risks than typical initial public offerings.

The rep reeled in at least a dozen victims to the complex scam even though he was suspended from the industry for a different case, according to investigators.

The regulator will be stepping up scrutiny of advisors on this issue and others, including ESG and cybersecurity.

While the quant firm will miss becoming the first to flip mutual funds to ETFs, its nearly $26 billion conversion will by far be the biggest.

Those with the resources to sort through compliance thickets may be better positioned to take advantage of some long-awaited changes.

Much of the confirmation hearing revolved around trading January spikes in GameStop and other stocks.

The exchange operator’s planned regulations are currently too narrow and should be amended, two groups wrote in comment letters to the SEC.