As expected, the U.S. Securities & Exchange Commission on Wednesday approved a package of controversial new rules governing the way "broker/dealers" will sell their investment products after June 30, 2020, as debate about the merits of the new regime – and whether it goes far enough – continued across the country,…

The U.S. Securities and Exchange Commission is expected on Wednesday to approve controversial legislation that is meant to set higher standards for “broker/dealers” – those selling retirement products, insurance and investment products to American consumers – as a years-long campaign by consumer advocates to boost advisory standards is formally acknowledged…

New York-based multi-national Citibank has confirmed that it has informed a “small portion of U.S. credit card-holders with mailing addresses in certain international countries” that it will no longer be able to service their accounts, citing “local regulatory requirements”.