SEC’s Enforcer Leaves Behind an ‘Aggressive’ Legacy
Gurbir Grewal’s SEC tenure will be remembered for his aggressive actions that spurred changes in financial advisement, and his successor...
Tag: SEC
SEC Charges 12 Financial Firms for Recordkeeping Failures
The firms will pay a total of $88.2 million in civil penalties.
SEC Committee to Host Investment Advice Discussion
The regulator’s advisory body will hold a public hearing September 19 to address fiduciary advice in the wake of the...
SEC Fines 9 Advisories for Marketing Rule Violations
The regulator issued penalties totaling $1.24 million to settle charges of ‘untrue or unsubstantiated claims.’
Raymond James Fined Over Mutual Fund Monitoring
FINRA fined two of the firm’s subsidiaries a total of $1.8 million for allegations of failing to properly review mutual...
Mutual Fund Managers ‘Dodge Bullet’ on Swing Pricing
The SEC decided not to move ahead with what the mutual fund industry had argued would be a costly proposal to manage market volatility.
SEC Charges Transfer Agent Equiniti Trust for Failing to Safeguard Clients From Cyber Attacks
The ruling shows the increased need to protect client data, as recordkeepers and others could face such fines due to...
SEC Fines 26 Firms for Off-Channel Client Comms Violations
The regulator continues a push to crack down on the tracking and use of ‘off-channel’ client communication, such as texting.
Equity Market Rule Changes Might be Overhauled by SEC This Year
The SEC indicated in its Spring 2024 agenda that it intends to finalize the market structure rules prior to the...
Swing Pricing, Predictive Analytics, Safeguarding SEC Proposals to be Re-Proposed
The SEC aims to try again with its rules on predictive analytics and safeguarding by year’s end and for swing...
SEC’s ALJ Process Rolled Back by Supreme Court
The court ruled that issuing fines administratively violates the Seventh Amendment.
SEC’s Private Fund Adviser Rule Struck Down by 5th Circuit Appeals Court
The 5th Circuit vacated the rule completely on Wednesday after being challenged by an association of private fund managers and...
Showing Net Performance in Portfolio Subsets Is Hardest Part of Marketing Rule
The majority of investment advisers are changing marketing materials to try and comply with the rule, with frustrations, according to...
Senate Introduces Bill to Require SEC to Modify Small Entity Definition
The bill has already passed the House.
SEC Considering Modified Version of Much Maligned Predictive Data Analytics Proposal
The regulator’s chair noted that withdrawing the proposal is not under consideration.
SEC’s Gensler Seeks to Clarify Mutual Fund Swing Pricing Proposal
The Chairman suggested that the regulator might opt for liquidity fees instead of swing pricing for open-end funds and also...
Digital Assets Legislation Passes House of Representatives
The bill would define the jurisdictions of the SEC and CFTC for crypto assets but it is likely to be...
T+1 Cycle to Start May 28
Beginning in one week, broker/dealers must settle transactions by the next business day.
Reg S-P Requires Advisers to Inform Customers of Data Breaches
In addition to other registrants, advisers will have 30 days to inform their clients of any substantial data breach.
House Republicans Look to Curtail SEC Enforcement and Settlement Authorities
The bills under review on Tuesday would effectively limit the settlement amounts that the SEC can impose.