The Big Picture

APRIL 11, 2024

That changed on May 1, 1975, when the Securities and Exchange Commission mandated a change in commission structures. Costs continued to fall: Over the next 25 years, commissions would fall from about 1.0% That new information arrived through the mail, once a quarter or so. S&P had a similar service.

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MarketWatch

MARCH 6, 2023

The European Commission said Monday that the WhatsApp unit of Meta Platforms META has agreed to be more transparent on changes to its terms of service and make it easier for users to reject updates when they disagree with them. Visit MarketWatch.com for more information on this news. Meta shares closed Friday at $185.25, up 6%.

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Nerd's Eye View

OCTOBER 25, 2023

In 2019, the SEC released a Commission Interpretation that separated the obligation of RIAs to act in their clients' best interests into separate duties of care (to provide investment advice in the best interest of the client) and loyalty (to eliminate or disclose all potential conflicts of interest with the client).

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Nerd's Eye View

JUNE 12, 2024

For example, if an advisor recommends an investment that prioritizes the commission they would receive rather than any benefit the client would derive from it, they could incur fines and sanctions for violating their fiduciary duty as an advisor.

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Nerd's Eye View

MAY 10, 2024

billion (thanks to expected reductions in commissions and the embedded costs in these annuities). could save retirement plan participants $55 billion over the next 10 years (due to an expectation of more low-cost fees being offered in plans) and those rolling over workplace plans into IRAs to purchase annuities another $32.5

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MarketWatch

APRIL 17, 2023

Securities and Exchange Commission on Monday charged crypto trading platform Bittrex Inc. investors as a broker, exchange and clearing agency without registering these activities with the Commission, in violation of the law. Visit MarketWatch.com for more information on this news. The SEC alleged that Bittrex earned at least $1.3

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MarketWatch

JUNE 29, 2023

Securities and Exchange Commission in 2022. Visit MarketWatch.com for more information on this news. Fidelity Digital Assets has filed an application for a spot bitcoin exchange traded fund, after its previous filing was rejected by the U.S. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

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Nerd's Eye View

JULY 12, 2024

Also in industry news this week: 2 House committees this week advanced legislation that would halt implementation of the Department of Labor's new Retirement Security Rule, which, combined with ongoing lawsuits, threaten to derail the regulation either before or soon after it becomes effective in late September A Federal judge has put the future of (..)

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MarketWatch

JUNE 12, 2023

ATVI in the form of an injunction from the Federal Trade Commission, according to a report Monday. Visit MarketWatch.com for more information on this news. MSFT appears to have another headwind in its $69 billion acquisition of videogame publisher Activision Blizzard Inc.

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MarketWatch

MARCH 10, 2023

million shares of the company’s stock to charity, according to a filing with the Securities and Exchange Commission on Friday that amended a previous filing because the shares reported had not been adjusted for last year’s stock split. Visit MarketWatch.com for more information on this news.

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MarketWatch

MAY 5, 2023

The Securities and Exchange Commission on Friday announced an award of nearly $279 million to a whistleblower whose information helped the agency with enforcement. The agency does not disclose information about whistleblowers’ identities. Visit MarketWatch.com for more information on this news.

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MarketWatch

FEBRUARY 25, 2023

The Federal Trade Commission late Friday voted to withdraw its antitrust lawsuit against Meta Platforms Inc.’s Visit MarketWatch.com for more information on this news. s META acquisition of virtual-reality startup Within Unlimited, officially ending the agency’s high-profile case.

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MarketWatch

JUNE 16, 2023

ETSY on Friday said its board approved a stock buyback plan for up to $1 billion, according to a filing with the Securities and Exchange Commission. Visit MarketWatch.com for more information on this news. Shares of the online marketplace are up 1% in extended trading Friday, but down 21% for the year.

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The Big Picture

MAY 13, 2023

The Intrinsic Perspective ) • The Time Thief Who Stole 106 Rare Clocks in a Daring Heist : Authorities eventually recovered 96 of the lost timepieces, including a $30 million watch commissioned for Marie Antoinette. Stratospheric IQs are like leprechauns, unicorns, or mermaids. ( Social Leverage recently launched its 4th fund.

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The Big Picture

NOVEMBER 25, 2022

The stock and bond markets incorporate new information into prices almost instantly, so trying to beat them is a fool’s errand, Malkiel wrote. Instead of trying to winnow winners from losers, you’re better off saving on brokerage commissions and headaches by spreading your investment dollars across the entire market. ( Businessweek ).

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MarketWatch

MAY 17, 2023

The Irish Data Protection Commission, which oversees the EU operations of most Silicon Valley firms, is also expected to order Meta to cease all data transfers to the U.S. Visit MarketWatch.com for more information on this news. security services once it’s shipped to servers across the Atlantic. AMZN, according to the report.

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MarketWatch

MAY 30, 2023

Securities and Exchange Commission said late Tuesday. Visit MarketWatch.com for more information on this news. Tolstedt has agreed to pay $3 million to settle charges connected with allegedly misleading investors about the success of the Community Bank, Wells Fargo’s core business, the U.S. The settlement is subject to court approval.

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MarketWatch

MARCH 14, 2023

DXC agreed to pay an $8 million penalty and tighten up its financial reporting protocols after the Securities and Exchange Commission accused the company of making “misleading disclosures” related to its financials from 2018 to 2020, the agency said on Tuesday. The commission found that DXC violated anti-fraud and financial reporting laws.

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MarketWatch

MAY 22, 2023

billion) by Ireland’s Data Protection Commission, according to reports. Visit MarketWatch.com for more information on this news. Meta Platforms META was fined a record €1.2 billion ($1.3 The fine was over allegations Facebook didn’t ensure data transfers from Europe to the U.S. had appropriate safeguards.

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MarketWatch

MARCH 16, 2023

In a filing with the Securities and Exchange Commission, Virgin Orbit announced the operational pause beginning Thursday “in order to conserve capital while the company conducts discussions with potential funding sources and explores strategic opportunities.” Visit MarketWatch.com for more information on this news.

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MarketWatch

JANUARY 31, 2023

“To our knowledge no government agency in any ongoing investigation has concluded that any wrongdoing occurred,” Tesla disclosed in its latest 10-K filing with the Securities and Exchange Commission in a section titled “Certain Investigations and Other Matters.” Visit MarketWatch.com for more information on this news.

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Ron A. Rhodes

MARCH 18, 2023

While the SEC has provided an interpretative release [SEC Release IA-5248, Commission Interpretation Regarding Standard of Conduct for Investment Advisers (July 12, 2019)] regarding the fiduciary duties of investment advisers,…

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MarketWatch

MARCH 7, 2023

version of the global crypto exchange Binance, can move forward with absorbing customer accounts and around $1 billion in crypto from Voyager Digital, a judge said — despite objections from the Securities and Exchange Commission, the Wall Street Journal reported on Tuesday. Visit MarketWatch.com for more information on this news.

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MarketWatch

JUNE 20, 2023

In a filing with the Securities and Exchange Commission late Tuesday, EA appointed Stuart Canfield CFO effective immediately, with Suh scheduled to depart EA on June 30. Visit MarketWatch.com for more information on this news. Separately, Visa Inc.V named Suh its new CFO.

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MarketWatch

FEBRUARY 3, 2023

The Federal Trade Commission is preparing a possible antitrust lawsuit against Amazon.com Inc. , Visit MarketWatch.com for more information on this news. the Wall Street Journal reported Friday, citing people familiar with the matter. Amazon stock is down 4.4%

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MarketWatch

JUNE 6, 2023

Securities and Exchange Commission on Tuesday asked a judge to grant a temporary restraining order to freeze assets tied to Binance.US. Visit MarketWatch.com for more information on this news. The agency on Monday charged Binance Holdings Inc. and its founder Changpeng Zhao with 13 securities law violations. fall under U.S.

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Million Dollar Round Table (MDRT)

NOVEMBER 16, 2023

It’s just information. Some advisors call this “commission breath.” Either they want the help you’re offering or they don’t. You’re too attached to the outcome When you desperately need a sale, you send out desperate and needy energy that prospects will almost always subconsciously pick up on.

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MarketWatch

JUNE 6, 2023

Bitcoin fell Tuesday after the Securities and Exchange Commission charged digital-asset exchange Coinbase Global Inc.COIN with operating an unregistered national securities exchange, brokerage and clearing agency. Visit MarketWatch.com for more information on this news. Bitcoin was down 1.1%

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Nerd's Eye View

AUGUST 26, 2024

Over the last 50 years, even the most substantial changes to occur – such as the movement away from commissions and towards fee-based compensation, and the shift from an investment-centric approach to more holistic financial planning – have taken place over decades and, in many cases, are still ongoing.

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Nerd's Eye View

FEBRUARY 22, 2023

And although the SEC provides instructions and some guidance for RIAs in drafting their Form ADVs, the instructions allow for a wide latitude of interpretation that can make it difficult for advisers to know exactly how their firm’s information should be presented.

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MarketWatch

FEBRUARY 13, 2023

Paxos also has been told by the Securities and Exchange Commission that the agency plans to sue it, the newspaper said. Visit MarketWatch.com for more information on this news. The BUSD token was trading just below parity, according to Coinmarketcap.

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MarketWatch

MAY 16, 2023

The Federal Trade Commission is suing to block biopharma giant Amgen Inc.’s Visit MarketWatch.com for more information on this news. s AMGN proposed acquisition of Horizon Therapeutics, saying the deal would allow Amgen to “entrench the monopoly positions” of Horizon treatments for serious medical conditions.

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MarketWatch

MARCH 13, 2023

Kosturos was provided by Alvarez & Marsal, the advisory firm that is serving as SVB’s “restructuring counsel” as it explores “strategic alternatives” for the company and its businesses, SVB said in a filing with the Securities and Exchange Commission. Visit MarketWatch.com for more information on this news. bank failure back in 2008.

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MarketWatch

JUNE 6, 2023

The Securities and Exchange Commission charged digital-asset exchange Coinbase Global Inc. Visit MarketWatch.com for more information on this news. COIN with operating an unregistered national securities exchange, brokerage and clearing agency. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

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MarketWatch

JUNE 15, 2023

GS stock is down 0.5%, reversing gains from earlier in the session, after The Wall Street Journal reported that the Securities and Exchange Commission is investigating the role of the bank in buying Silicon Valley Bank’s securities portfolio prior to the bank’s collapse in March. Visit MarketWatch.com for more information on this news.

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MarketWatch

JUNE 29, 2023

The Federal Trade Commission is gearing up to launch a “far-reaching” antitrust lawsuit against Amazon.com Inc. Visit MarketWatch.com for more information on this news. AMZNwith a focus on its e-commerce business, Bloomberg News reported Thursday. Representatives from Amazon and the FTC declined to comment on the report.

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MarketWatch

JUNE 21, 2023

The Securities and Exchange Commission on Wednesday charged audit firm Marcum LLP with “systemic quality control failures’ and violations of audit standards in work conducted for hundreds of special purpose acquisition corporations. Visit MarketWatch.com for more information on this news.

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