SEC Seeks to Protect Teachers and Military Personnel
The regulator is increasing its education about saving and investing to these groups, along with enforcement to safeguard them.
Tag: Securities and Exchange Commission
Litigation Financing Could Drive 10b-5 Lawsuits
Attorneys suggest that litigation financing is not a common practice in ERISA lawsuits, but complaints filed under SEC Rule 10b-5...
SEC No-Action Letter Offers Guidance for Processing Rollover Checks
Banc West Investment Services asked the Securities and Exchange Commission to clarify its stance on the potential conflict between FINRA suitability determinations called for by rollover decisions and,...
Rules Proposed for Risk Mitigation of Security-Based Swaps
The SEC says relationship documentation, portfolio reconciliation, and portfolio compression are important tools for increasing operational efficiency and reducing risk for security-based swaps entities.
Texting Your Clients? Don’t Overlook SEC Communication Rules
SEC examiners are concerned that the way mobile and personally owned communications devices are used by advisers pose challenges in their meeting obligations under the Books and Records...
Complying With ‘FAIR Act,’ SEC Eases Fund Research Distribution Restrictions
The SEC says these changes are needed to reduce obstacles to providing research on investment funds, and to harmonize the treatment of such research with research on other...
SEC Investor Advisory Committee Calls for Stronger Best Interest Regulations
The committee says the SEC should explicitly explain that Regulation Best Interest is a fiduciary duty shared equally by advisers and broker/dealer to act in their customers’ best...
Advisers Delay Acting on SEC’s Best Interest Proposals
Forty percent are waiting for further clarification, Fidelity learned in a survey.
ICI Recommends SEC Create Summary Shareholder Report
A test of the summary report found more than 90% of mutual fund investors agreed it was enough to help them stay informed and was a document they...
DOL, SEC Both Have Fiduciary Conduct Standards Slated for Next Year
The DOL said it is considering regulatory options in light of a 5th Circuit opinion vacating its previous fiduciary rule, and has on its timeline that a final...
Investor Advocacy Groups Question SEC Customer Relationship Summary Form
Noting that they believe a more viable customer relationship summary (CRS) form can still be developed by the SEC as part of its Regulation Best Interest proposal, a...
Commenters Against Federal Licensing, CE and Financial Responsibility Requirements for Advisers
The SEC included these proposals as part of its proposed best interest standards for investment advisers.
SEC Proposes More Information About ETFs to Investors
The agency has issued a proposal that would make it easier for ETFs to come to market.
With SEC’s Reporting Rule Change, Will Equity Compensation Increase?
The leader of Sullivan & Worcester's Capital Markets Group analyzes the SEC’s recent move to double the limit of equity compensation that can be awarded by private companies...
SEC Eyes Equity Compensation Changes for ‘Gig Workers’
The SEC solicited public comment on potential changes to the regulator’s treatment of equity compensation, tied to the emergence of the “gig economy.”
Former State Street Executive Found Guilty of Defrauding Transition Management Customers
State Street replies that "since the overcharging was discovered [we] have substantially enhanced our controls."