The Securities and Exchange Commission is set to vote Wednesday on whether firms will be required to disclose any cyberrisks and incidents that could financially harm their firm. The guidance has not been updated since 2011.
Goldman Sachs analysts expect the cost of servicing US debt will surge due to climbing bond yields and the expansion in borrowing amid a growing economy. "In the past, as the economy strengthens and the debt burden increases, Congress has responded by raising taxes and cutting spending," the analysts wrote, noting the opposite is now true.
Federal Reserve Chairman Jerome Powell has chosen two monetary-policy specialists -- Jon Faust, a professor of economics at Johns Hopkins University, and Antulio Bomfim, an economist in the Fed's monetary-affairs division -- to assist him as senior advisers, people familiar with the matter said. Faust is among those suggesting that the Fed reconsider its approach to targeting inflation.
More companies are going public with dual-class shares, and stock exchanges should consider banning the structure or insisting on a sunset provision, Securities and Exchange Commission member Robert Jackson Jr. says.
The Financial Industry Regulatory Authority has issued an investor alert that criminals are using its name and logo and the signature of its CEO in investment scams. In one advance-fee scam, prospective investors were given the false impression a FINRA guarantee backed money put into the venture.
The Securities and Exchange Commission has halted until March 2 share trading of Cherubim Interests, PDX Partners and Victura Construction Group while the regulator investigates the nature of their planned initial coin offerings. The SEC has warned investors against offerings from companies with little history.
In-person attendance is SOLD OUT for SIFMA's Social Media & Digital Marketing Seminar, but the comprehensive program for Business, Marketing, Legal, and Compliance professionals in Wealth Management, remains available by webinar. Panelists and speakers will cover a range of topics, from leveraging the myriad of digital platforms and addressing cybersecurity threats to maintaining a consistent brand voice and adhering to regulatory compliance. Don't miss this critical content!
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