Digital assets could create a meaningful source of revenue for Bank of New York Mellon Corp. as soon as next year, according to Chief Financial Officer Emily Portney. The firm is collaborating with Fireblocks, a unicorn fintech that enables financial ...

The Securities and Exchange Commission said Wednesday it had barred a former senior executive at the Woodbridge Group of Companies, Ivan Acevedo, from working in the securities industry. Acevedo, who’s 44, pleaded guilty last summer to conspiracy to commit mail ...

An ESG study shows that investing in ESG funds is like trying to navigate “the Wild West” as both regulations and enforcement fall short, according to Andrew Behar, the chief executive of As You Sow. The shareholder advocacy group spearheaded ...

A federal court in Wisconsin has entered a partial judgment against Michael F. Shillin, a former registered investment adviser, whom the Securities and Exchange Commission had previously charged with defrauding at least 100 advisory clients. The judgment bars Shillin from ...

In forecasting what lies ahead in 2022, one lesson from the year just passed is that long-term trends tend to persist, even if they sometimes take unexpected turns. For example, two long-term trends that are shaping the economy — the ...

Federal regulators are poised to facilitate sustainable investing in 2022 despite political opposition. They’re also likely to step up scrutiny of how financial advisers market and execute environmental, social and governance investment strategies. Both the Department of Labor and the ...

The Department of Labor and the Securities and Exchange Commission are poised to advance several rulemakings this spring related to environmental, social and governance investing. The agencies are expected to move over the next few months — fairly quick by ...

Two sizable independent broker-dealers, National Securities Corp. and Calton & Associates Inc., reported as last year closed that they had increased their cash reserves and expenses for potential future costs stemming from investor lawsuits or other legal costs. Such accruals ...

The Securities and Exchange Commission has again delayed its decision on a proposal from NYDIG, a subsidiary of asset manager Stone Ridge Holdings Group, for a Bitcoin exchange-traded fund.   The SEC’s rejection or approval of the “NYDIG Bitcoin ETF” ...

West Coast bond shop DoubleLine Capital is following the mutual fund herd into the ETF market, with two funds on track to launch early this year. According to filings with the Securities and Exchange Commission, the actively managed DoubleLine Opportunistic ...