Wall Street asks SEC to extend timeline for US Treasury market overhaul
Wall Street is asking regulators for more time to implement a rule requiring centralized Treasury clearing as banks and funds trading U.S. government bonds face a 2026 deadline.The Securities and Exchange Commission adopted in December 2023 new rules aimed at reducing systemic risk in the $28 trillion Treasury market,
SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto
The U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets. The guidance was a major deterrent to Wall Street banks owning bitcoin.
Wall Street regulator revokes accounting guidance on crypto assets
The U.S. Securities and Exchange Commission (SEC) rescinded on Thursday accounting guidance long opposed by the cryptocurrency industry, an early move in President Donald Trump's pivot away from the policies of the prior administration and a win for the crypto sector.
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Wells Fargo and Merill Lynch Paying $60,000,000 Fine for Allegedly Shortchanging Customers While Making Bank on Client Cash
Two Wall Street titans are shelling out a combined $60 million to the U.S. Securities and Exchange Commission for allegedly serving their own interests at the detriment of clients.
Wall Street Watchdogs Scrub DEI Pages After Trump Orders (1)
Federal banking and securities regulators, including several intended to operate independently from the White House, are starting to delete references to internal diversity and inclusion offices from their websites following executive orders from President Donald Trump.
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$63,100,000 Penalty Hits 12 Financial Giants, Including Charles Schwab and Santander, As SEC Issues Major Enforcement Action
The U.S. Securities and Exchange Commission (SEC) is set to collect $63.1 million in fines from nine investment advisers and three broker-dealers over the use of unapproved communication methods.
US securities regulator opens door for Wall Street banks to hold crypto
While Trump’s pick to lead the SEC, Paul Atkins, is still awaiting US Senate confirmation, acting chair Mark Uyeda and another Republican commissioner, Hester Peirce, have put the regulator on a more crypto-friendly track, forming a task force and dismantling SAB 121.
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eToro files for Wall Street IPO in Q2 - report
Israel online trading platform eToro has made a confidential filing with the US Securities and Exchange Commission (SEC) for a Wall Street IPO, "The Financial Times" reports. As reported last month by "Globes," the planned company valuation for the flotation is $5 billion.
How Low Interest Rates on Your Brokerage Cash Balances Could Be Costing You Thousands
Brokerage firms may seek to sweep cash into affiliated banks, often paying low interest rates. According to some reports, brokers could make 10 times more than their customers do on their cash.
Aptiv Plans Tax-Free Spin-Off Of Its Electrical Distribution Systems Unit
Aptiv disclosed that its board of directors have unanimously approved a plan to separate its Electrical Distribution Systems business from Aptiv, creating two independent companies.
Geneos Wealth Management Inc. Has $253,000 Holdings in The Clorox Company (NYSE:CLX)
Geneos Wealth Management Inc. lessened its holdings in shares of The Clorox Company (NYSE:CLX – Free Report) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
Wall Street slips after the Federal Reserve keeps interest rates steady
U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September