Thomas Brenner, the former CEO of a broker-dealer that was expelled from the industry in 2017, is facing seven federal fraud charges linked to sales of private placement securities that purportedly financed medical laboratory developments.  According to a statement Tuesday ...

SEC Chairman Gary Gensler said Tuesday the agency will assess whether nudges on digital platforms that affect investor behavior should be regulated as investment recommendations. Gensler said digital engagement practices used by financial platforms go beyond “gamification” and incorporate predictive ...

Brokers who sell unregistered securities will have to file with Finra pitches they’ve made to retail investors in addition to material describing the offering. The Financial Industry Regulatory Authority Inc. will require that brokers file retail communications — such as ...

After months of speculation, troubled private investment manager GPB Capital Holdings said on Tuesday it was selling a top auto-dealership group for $880 million in cash. Specifically, GPB Automotive Portfolio, the private partnership with thousands of retail investors, said it ...

New legislation would allow anyone who demonstrates a high level of financial acumen to invest in private offerings. But some groups that sponsor investing credentials are concerned the measure’s mechanism for becoming a sophisticated investor is flawed. Earlier this week, ...