SEC’s Gary Gensler aims to save investors money by squeezing Wall Street’s profit margins

Wall Street’s new overseer has outlined an aggressive regulatory agenda that threatens to squeeze the financial industry’s profit margins. Securities and Exchange Commission Chairman Gary Gensler is working on tougher rules for high-speed trading firms, private-equity managers, mutual funds and online brokerages. Mr. Gensler, less than ...Read More

NY Attorney General Shuts Down Crypto Trading Platform Coinseed That Cheated Investors out of Millions

The office of New York Attorney General Letitia James announced Monday that the attorney general has shut down cryptocurrency trading platform Coinseed. James has secured a judgment against Coinseed and its founder and CEO, Delgerdalai Davaasambuu, “that permanently halts their illegal and fraudulent operations,” ...Read More

Massachusetts regulators are seeking to revoke Robinhood’s broker license just as the trading app aims to go public

Massachusetts regulators are seeking to revoke Robinhood’s broker-dealer license to prevent the trading app’s operations in the state. William Galvin, the Secretary of the Commonwealth of Massachusetts, wrote in a Thursday filing Robinhood has “continued a pattern of aggressively inducing and enticing trading among ...Read More