A Guide to the SEC’s Reg BI Bulletins
In a recent bulletin, the SEC warns that practically all financial professionals have at least some conflicts of interest with...
Tag: SEC
SEC Flexes Regulatory Muscle with RIAs, Brokers in Focus
The SEC is warning advisers and broker/dealers that it is time to tighten up policies around conflicts of interest and...
A Conversation with the SEC at PANC 2022
Experienced retirement plan advisers know the Securities and Exchange Commission is a critical regulator for their industry. In September, we’ll...
SEC Votes in Favor of Proxy Voting Advice Rule Amendments
According to a statement from the SEC, the amendments address concerns voiced by investors and industry stakeholders regarding the proxy...
Calls on Congress to Fully Fund Reg BI Implementation
An open letter to two U.S. Senators emphasizes that the SEC must receive sufficient fiscal support to effectively oversee the...
Rush of SEC Regulatory Activity Includes E-Filing Rules
The SEC’s leadership says it is important, in today’s digital age, for filers to have easy online methods to submit...
An SEC Update: Marketing Rule Implementation and Reg BI Enforcement
One expert attorney says the SEC’s recent charges against a brokerage firm demonstrate the potency of Regulation Best Interest’s ‘compliance...
An Update on the SEC’s Private Fund Rule
While the proposed private fund transparency rules don’t address the work of financial advisers as directly as some other outstanding...
What 2 Supportive Commenters Say About SEC’s Climate Regulations
The Consumer Federation of America and the Investment Adviser Association have different goals and objectives, but both organizations voice support...
Compliance News
Legislative and Judicial Actions
AGI U.S. settles in fraulent scheme suit, then exits the country; the IRS re-extends relief from the physical presence requirement;...
Broker/Dealer Charged in First SEC Reg BI Case
The SEC says Western International Securities failed to act in the best interest of customers when the firm allegedly sold...
Schwab’s Robo SEC Settlement Highlights Disclosure Pitfalls
In addition to a monetary settlement, three Charles Schwab investment adviser subsidiaries have agreed to retain an independent consultant to...
SEC Enforcement Approach Imperiled by 5th Circuit
While the ultimate outcome may be settled by the Supreme Court, the 5th Circuit’s ruling in Jarkesy v. SEC could...
How ESG Investing Is Regulated Globally: Rules vs. Principles
A major new report published by ISS ESG suggests regulation remains a major driver of the growth of responsible investment...
Facing Criticism for ESG Rules, SEC Unlikely to Back Down
Attorneys who track financial regulations say SEC Chair Gary Gensler has no qualms about pushing forward big, ambitious proposals, even...
SEC Votes to Propose Updated Fund Name Rules, ESG Disclosures for RIAs
Wednesday was a busy day for the U.S. Securities and Exchange Commission, which voted to propose two separate regulations that...
SEC Names Director of Division of Examinations
Leaders at the SEC say the role of the examinations program is critical for capital markets to function well and...
‘Massive’ Fraud Charges Trigger Allianz Global Investors U.S. Sale to Voya
The SEC says the charges and settlement show even the most sophisticated institutional investors, like pension funds, can become victims...
November SEC Advertising Rule Compliance Date Fast Approaching
Experts with the Wagner Law Group say complying with the marketing rule can be a significant process, and firms need to make sure they are on track for...
How Thoughts About the SEC’s Regulation Best Interest Have Evolved
Nearly two years into the enforcement of Reg BI, debate continues about its influence on the advisory and brokerage industries.