Compliance February 15th, 2023 Retirement Industry Pushes Back on SEC Swing Pricing Proposal Industry groups filed arguments saying the proposal, intended to put greater burden on “first mover” traders of open-ended funds, would...
Compliance February 8th, 2023 Trade Groups Push Back on SEC Recordkeeping ‘Sweep’ Investment associations say in a letter that the SEC is exceeding its authority by asking to access all off-channel business...
Compliance February 1st, 2023 House Passes Financial Exploitation Prevention Act to Safeguard Seniors from Fraud The bill would permit open-ended investment companies and transfer agents to delay redemption of securities if they suspect financial exploitation...
Compliance January 31st, 2023 SEC Cites Broker/Dealers for Not Meeting Reg BI Standards The SEC issued a warning after finding issues, including advisers not properly disclosing conflicts of interest or maintaining written policies.
Compliance January 26th, 2023 SEC Proposal Would Restrict Conflicted Asset-Backed Securities The proposal seeks to implement a provision in the Dodd-Frank financial reform law and would prevent asset-backed security issuers from...
Compliance January 24th, 2023 FINRA Head to Leave After More Than 2 Years in Role Jessica Hopper, head of the influential securities regulator for the brokerage industry, is stepping down in February, with Christopher Kelly...
Compliance December 30th, 2022 Advisers, Lobbyists, and Service Providers Respond to SEC Outsourcing Proposal Some call for the SEC to drop the proposal; others want clarity on which outsourcing duties should be vetted; and...
Compliance December 28th, 2022 Swing Pricing Proposal Comment Period Remains Open Until Early February The proposal has been met with criticism from those in the retirement industry.
Compliance December 16th, 2022 Senator Braun and Congressman Barr Resolve to Overturn “Woke” ESG Rule The two legislators introduced a resolution Thursday that would invalidate the DOL’s new rule permitting ESG in retirement plans. It...
Compliance December 15th, 2022 SEC Votes to Advance Trading Proposals The four proposals aim to improve competition and transparency in securities trading.
Compliance December 6th, 2022 SEC and Goldman Sachs Settle for $4 Million for ESG Policy Infractions. GSAM did not follow its own policies in selecting funds with ESG label despite appealing to those policies in promotional...
Compliance December 2nd, 2022 SEC Climate Disclosure Rules Find Republican Opposition in Both Houses An SEC proposal to require certain disclosures related to climate change and carbon emissions is facing Republican opposition in the...
Compliance November 30th, 2022 Advisers Should Comment, Prepare Vendor List Ahead of SEC Outsourcing Rule Investment and retirement advisers—especially smaller shops—should take the time remaining to provide their feedback about the SEC’s proposed outsourcing rule,...
Compliance November 29th, 2022 What Do the Mid-Terms Mean for ESG and SECURE 2.0? ESG-minded investors have cause for concern, as Republicans prepare to take control of the House.
Compliance November 22nd, 2022 S&P Global Settles Mortgage-backed Security Case with SEC Ratings agency agrees to $2.5 million fine over charges its sales and marketing team influenced analytics.
Compliance November 21st, 2022 SEC Collects Record $6.44B On 760 Enforcement Actions in Fiscal 2022 The regulator raked in close to $4.2 billion in civil penalties, nearly three times the $1.46 billion collected the previous...
Compliance November 15th, 2022 Applications and Implementation of The New Marketing Rule Various leaders within the SEC discussed in a public seminar today some of the interpretations and applications of the new...
Compliance November 4th, 2022 SEC Proposes Controversial Rule on Swing Pricing and Liquidity The SEC proposed a new rule Wednesday that would require all open-ended funds, except money market funds and exchange-traded funds,...
Compliance November 2nd, 2022 SEC’s Proposed Outsourcing Rule Could Be Hardest on Small Advisers The new rules, if approved, would likely require more catch-up by smaller firms to vet third-party providers, says a legal...
Compliance October 28th, 2022 SEC Marketing Rule to be Enforced Next Week Compliance for a new rule aimed at preventing investment advisers from misleading clients goes into effect November 4, next Friday.