Regulation

A Democratic-led SEC could revisit Reg BI, advocacy groups and industry observers say.

SagePoint Financial failed to adequately supervise reps who recommended that clients exchange the products before maturity, the regulator says.

After the client died at age 98, the advisor allegedly moved on to bilk another elderly investor, authorities say.

Almost all of the decline reflects performance-related losses rather than client withdrawals, according to a person familiar with the matter.

The ETF aims to track companies specializing in remote-working, learning and entertainment.

The $4.9 billion fund has come under close scrutiny as crude’s rapid plunge forced it to quickly shift some of its giant positions on short notice.

It’s the regulator’s largest restitution order this year.

Don’t expect significant changes anytime soon to longstanding complaints about conflicts of interest in the “issuer pay” model of the ratings business.

The change is one of several made to the board’s disciplinary reporting process following a report by an independent task force that found “systemic, long-standing, governance-level weaknesses.”

The $4.64 billion fund lost 75% of its value in two months.