SEC

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 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.

Senators will likely push Gary Gensler, tapped to lead the SEC, for his views on the recent market mania that roiled shares of GameStop and other stocks last month.

Naked short selling is one possible cause.

So far this month, an average of 99 billion shares in companies that don’t trade on classic exchanges have changed hands each day.