SEC regulation will close loopholes allowing advisors to recommend products that do not offer benefits. President Joe Biden and administration officials have announced tightened rules to clamp down…
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FTC Reports Increase in Social Media Scams
Latest figures show consumers have lost $2.7 billion since 2021. The Federal Trade Commission (FTC) recently released data regarding scams on social media, which have caused the greatest…
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5th Circuit Court Upholds Nasdaq Board Diversity Rule
Judges state the board information is important for transparency. The 5th Circuit Court of Appeals rejected the latest lawsuit filed by Edward Blum and upheld Nasdaq’s board diversity…
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Treasury Department Announces New Sanctions on Hamas
The goal is to cut off their access to funds. The Department of the Treasury announced a series of new sanctions against the terror group Hamas on Wednesday…
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Land Sales Around Air Force Base Under Review
CFIUS and USAF investigate an investment firm’s purchases of land over the past 5 years. The U.S. Air Force and the Committee on Foreign Investment in the United…
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SEC Chair Warns of AI Threat to Financial Systems
Investment advisors should not overly rely upon artificial intelligence for financial data interpretations. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently warned of the current risks artificial…
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Bipartisan Effort Made to Ban Stock Trading in Congress
The sensitive information federal legislators have access to creates a conflict of interest. Senators Kirsten Gillibrand of New York and Josh Hawley of Missouri have co-authored a bill…
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SEC Rule Requires Cyber Incident Reporting
Officials say it will benefit companies and investors. The Securities and Exchange Commission has adopted a new rule under which companies will have to disclose the nature, scope,…
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USDA Promotes Urban Agriculture and Innovative Production
Collaborative efforts and public feedback drive progress in USDA’s initiatives. The U.S. Department of Agriculture (USDA) would like individuals involved in urban agriculture, innovative production, and related fields…
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Cryptocurrency Company Settles with FTC
Celsius Network used customer funds for operational purposes and high-risk investments. The Federal Trade Commission (FTC) has reached a settlement with cryptocurrency platform Celsius Network, which permanently bans…
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