SEC

The bank failed to implement its own supervisory procedures around single-inverse ETFs, costing clients millions, the SEC says.

The agency has long urged issuers to address risks and concerns associated with a potential crypto fund, including manipulation, liquidity and custody issues.

For many, the document is a significant source of confusion. Fortunately, one of the most persistent errors is easily correctable.

The settlement marks the bank’s largest yet from a series of scandals that claimed two chief executive officers.

The commission “failed to enact a meaningful conduct rule,” state regulator William Galvin says.

Edward E. Matthes allegedly renovated his home, paid child support and bought luxury items with client money.

The industry’s biggest firms have grown bigger and the smaller firms have found it harder to compete on their own, the regulator found.

The IBD advocacy group expects no letup in enforcement by the regulator — with wide ramifications across wealth management hanging in the balance.

Make sure not to confuse it with the SEC’s self-reporting program.

The departure is likely to give the Republicans a stronger majority at least for a short time.