Investors pulled out of open-end funds at a record rate this year as they continued to search for safety, fueling hefty asset inflows to exchange-traded funds and certain bonds, Morningstar said.
Citadel Securities has sued the U.S. Securities and Exchange Commission, asking a court to review the regulator’s approval of a new order type introduced by stock exchange operator IEX Group in the latest attempt by the market maker to block a trading mechanism it claims is “discriminatory.”
Investors briefed by Trump administration officials on the coronavirus pandemic should be investigated over potential insider trading, U.S. Sen. Elizabeth Warren said in letters to federal securities regulators.
Financial trading platform Robinhood discovered in an internal review that nearly 2,000 of its clients’ market accounts were taken over by hackers who withdrew thousands of dollars from individual accounts, Bloomberg reported Thursday.
The U.S. Department of Justice said Wednesday it is preparing to increase its scrutiny of anticompetitive behavior in the financial sector in response to the evolution of the industry and an increasing number of high-profile bank, fintech and trading services mergers with the potential to harm consumers.
Grayscale Investments said on Monday its trust for the cryptocurrency Ethereum cleared a key milestone with the U.S. Securities and Exchange Commission that will allow for its investors to sell their shares sooner.
Financial trading app Robinhood disclosed Friday that a “limited number” of its users were targeted in a series of external security breaches against individual customers, placing blame on a recent spike in cyberattacks against financial institutions.
Fintech Affirm said Thursday that it has made a confidential filing to the U.S. Securities and Exchange Commission for an initial public offering, bringing the installment payments company one step closer to going public.
Lufax Holding, a Chinese online wealth management and lending platform, backed by China's largest insurer Ping An Insurance Group, is looking to go public in the U.S. , as Chinese companies continue to look to U.S. markets despite political tensions.
Investment managers will soon be subject to a new slate of rules dealing with registered funds that invest in others funds, intended to boost regulatory efficiency but imposing new restrictions that may create new challenges.
Calling the U.S. “woefully behind” in the next generation of the global financial system, the co-founder of cryptocurrency company Ripple said that the firm has considered leaving the U.S. for a more blockchain-friendly financial center, adding that similar U.S.-based companies should also consider relocation.
General Electric is feeling heat from the U.S. Securities and Exchange Commission, which said it might bring a civil action against the manufacturer over concerns its troubled insurance unit violated accounting rules.
Cybersecurity and cryptocurrency entrepreneur John McAfee was arrested in Spain on Monday on charges of tax evasion and faced civil claims from U.S. securities regulators of fraudulently promoting initial coin offerings.
Bain Capital took another step into the health care space with the launch of a blank-check company it hopes to use to raise $125 million for the purchase of a biotechnology, life sciences or medical device company.
Residential mortgage provider and purchaser AmeriHome filed for an initial public offering, falling in step with a surge of companies that have recently tapped the public equity markets.
Caliber Home Loans filed paperwork with U.S. regulators on Thursday for a potential initial public offering in a move that would let the mortgage lender capitalize on a hot IPO market and record-low interest rates that have driven home sales and a refinancing boom.
Kik Interactive’s $100 million sale of its own cryptocurrency in 2017 was an unregistered securities issuance that violated U.S. law, a federal judge ruled, in a victory for regulators seeking to rein in "initial coin offerings."
PIMCO unveiled a fixed-income fund with a focus on sustainable investments on Wednesday, bulking up its environmentally-conscious offerings and joining the exploding market for similar funds.
Transamerica Asset Management was told to pay $5.9 million to investors Wednesday after the U.S. Securities and Exchange Commission found it made “material misstatements and omissions” about expenses for four money-market funds.
BGC Partners, an investment broker with $4.5 billion in total assets, has agreed to pay the U.S. Securities and Exchange Commission $1.4 million to settle claims the firm misled investors about an important earnings metric.