SEC

Despite pledges, the IBD network didn’t collect enough data for suitability reviews of the outside transaction for more than five years, according to the regulator.

The revelation is buried in an SEC enforcement action that accused Robinhood of hiding for years how it made the bulk of its revenue.

The popular trading app omitted information about its payment for order flow practice, the regulator says.

The regulation permits more exemptions from fiduciary duties, but may itself be replaced by the incoming Biden administration.

There are still plenty of challenges and potential changes on the horizon. Here’s what to watch for.

Fake name, phony credentials, Ponzi-like payments but real victims — this is what authorities are saying about this business.

Existing regulations that protect investors and deliver clarity to the industry must be preserved by the incoming administration, writes Financial Services Institute CEO Dale Brown.

Five firms agreed to pay $3 million to settle an SEC investigation into unsuitable sales of complex exchange-traded products.

Democrat Joe Biden is expected to name his SEC chairman pick in the coming weeks.

The former U.S. attorney for the Southern District of New York was also once a top aide to Senate Minority Leader Chuck Schumer.