The North American Securities Administrators Association identified the top four investor threats for 2022, based on a survey of North American securities regulators.
FINRA is seeking comment on a proposal to expand prohibitions against outside borrowing and lending agreements between registered individuals and their customers.
FINRA reached a settlement with six member firms for "failures to reasonably supervise early rollovers of Unit Investment Trusts, which caused customers to incur potentially excessive sales charges."
The SEC staff issued a statement “in light of the now-certain transition away from LIBOR” reminding investment professionals of their obligations when recommending LIBOR-linked securities and related investment products and strategies, including interest rate swaps, municipal securities and securitizations.
At a meeting of the Investor Advisory Committee, SEC Chair Gary Gensler and SEC Commissioner Hester Peirce continued their debate on the SEC's approach to crypto regulation.
A broker-dealer settled FINRA charges for suitability violations, and related supervisory failures, as to the sale of non-traditional exchange traded funds and complex options positions to retail investors.
The U.S. House Committee on Financial Services marked up and passed bills on special purpose acquisition companies, broker-dealer and investment adviser mandatory arbitration clauses in customer agreements, and hiring practices.
