Several major US banks expressed concerns last week about a range of issues confronting their industry despite record profits during the third quarter, according to a report by Bloomberg. The combined profits for Wells Fargo, JPMorgan and Citigroup were reported to...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: October 2023
Supreme Court hears arguments in case of whistleblower fired by UPS
The United States Supreme Court heard oral arguments recently in a landmark case involving corporate whistleblowers, according to AdvisorHub. The high court took up the appeal filed by Trevor Murray, a former strategist for UBS Group AG. Murray, who worked for UBS’s...
SEC proposal involving use of artificial intelligence draws opposition
The Securities and Exchange Commission's proposal regarding the use of artificial intelligence is running into opposition from some financial industry trade groups, reports Financial Advisor. In July, the SEC proposed new rules that would require broker-dealers and...
New SEC rule adopted to enhance transparency in short selling
A new rule adopted by the Securities and Exchange Commission is aimed at providing greater transparency about short selling to investors and other market participants. The SEC announced that it has approved Rule 13f-2 as part of an effort to make short sale related...
SEC adopts amendments modernizing beneficial ownership reporting
The Securities and Exchange Commission announced last week that it has adopted amendments to the rules governing beneficial ownership reporting. The final rules are aimed at improving transparency and providing more timely information for shareholders and the market,...
