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...
Tag: SEC
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.
Taking Stock of the SEC’s Ambitious Climate Agenda
Now that the financial services industry has had some time to digest the 500-plus pages of proposed rulemaking text, compliance experts are offering insight about exactly what the...
Jury Rules in Favor of SEC in Federal Employee Fraud Case
An Atlanta-area broker was accused by the regulator of fraudulently inducing federal employees to roll over holdings from their federal Thrift Savings Plan retirement account into higher-fee, variable...
SEC Votes to Propose Climate-Related Disclosure Rules
Supporters of the new proposal say it represents a positive move that will not only increase the availability to investors of more consistent climate-related data, but also increase...
SEC Proposes Broad Cybersecurity Disclosure Regulations
The securities market regulator has proposed rule amendments meant to enhance and standardize disclosures regarding cybersecurity risk management and incident reporting by public companies.
An SEC Regulatory Status Report
One expert attorney who works on Securities and Exchange Commission compliance issues says the regulator is feeling a growing sense of pressure to advance the Biden administration’s ambitious...
Analyzing Retirement Industry Cybersecurity Risks and Best Practices
A certain famous bank robber is said to have explained that he robbed banks because ‘that’s where the money is.’...
Compliance News
Legislative and Judicial Actions
The DOL denies general support for private equity; the Supreme Court sends ‘Northwestern’ back to the appeals court; the PBGC...
ERISA vista
An Objectivity Lesson
The more objective the presentation, the less likely it will seem like advice.
SEC Votes to Propose New Cybersecurity Policy Rules
Under the proposal, registered investment advisers and investment companies would have to adopt and implement written cybersecurity policies and procedures ‘reasonably designed to address cybersecurity risks.’
SEC Charges Underscore Importance of Digital Communication Management
J.P. Morgan Securities has agreed to pay $125 million to resolve what the SEC calls ‘longstanding failures by the firm and its employees’ to maintain and preserve certain...
Birdthistle Takes Helm at SEC Division of Investment Management
SEC Chair Gary Gensler says he looks forward to working closely with William Birdthistle, an at-times harsh critic of the mutual fund industry, to plan and execute a...
GAO Says SEC’s FINRA Oversight Lacks Sufficient Formality
A new report from the Government Accountability Office suggests the SEC’s performance metrics for FINRA do not measure progress in achieving a specific mission or set appropriate targets...
SEC Proposes Rules to Address Potential Runs on Money Market Funds
The suggested amendments to the agency’s current rules address redemption costs and liquidity.
Mississippi Is Latest State to Embrace NAIC Annuity Sales Rules
Supporters of the NAIC annuity transaction suitability model say a fiduciary-only approach to annuity purchase advice would limit consumer choice—a claim its opponents dispute.
SEC Proposes Increase in Transparency in the Securities-Lending Market
The rule would require the reporting of certain material terms of those loans to a registered national securities association, which would then make information available to the public.
SEC Actions Underscore Adviser Risks, Responsibilities
The securities market regulator is keeping a close eye on registered investment advisers, especially when it comes to their provision...
Expect the SEC To Get Tougher on Advisers, Advocate for Retirement Savers
The change in agency leadership has driven a clear change in focus and a new sense of urgency to act...