Displaying 10200 results
Out of sight but top of mind: SEC maintains ESG focus despite absence in exam priorities
'Firms should continue with rigor and diligence to operate their ESG risk and compliance programs,' a compliance expert says.
NYSE, Nasdaq volume discounts for brokers threatened by SEC proposal
The setup can result in larger firms offering customers better transaction prices than smaller ones, SEC Chair Gary Gensler said.
SEC to investment funds: Quit playing name games
For years, investors in mutual funds and ETFs have been investing in products whose actual portfolio holdings can stray dramatically from what's implied by the name of the fund.
Don’t say ‘fiduciary rule’; DOL terms next attempt a ‘retirement security’ reg
'We are trying to protect retirement savers,' says DOL assistant secretary Lisa Gomez. 'This is a new approach. Stay tuned.'
TCPA tidal wave will affect how firms engage with clients
The federal regulation governing telephone marketing also covers texting, and now many states have put in place their own versions of the regulation, with different terms and definitions.
SEC targets marketing rule, advisor compensation, complex products in 2024
'What they’re seeing is a need for increased disclosures and transparency to the investors,' a compliance expert says.
Grayscale bitcoin discount narrows with conversion to ETF seen as ‘inevitable’
The prospect of Grayscale converting its bitcoin trust into an ETF is seen as more likely after the SEC declined to appeal a court ruling in Grayscale's favor.
SEC won’t appeal Grayscale court ruling, paving way for spot bitcoin ETF
The federal appeals court ruling in August was heralded by crypto advocates as a watershed moment for the industry.
House Republican demands SEC turn over ESG documents
House Oversight Committee Chairman James Comer wants to know about US involvement in crafting EU ESG regulations.
Fintech launches new AI-driven compliance platform
Avery will track firmwide compliance protocols for RIAs, broker-dealers and banks.
SEC orders firm to pay $1.3M for failing to disclose conflicts related to high-cost funds
'If you’re an investment advisor and you’re not putting your clients in the lowest-cost share class, then you’re running the risk of a fiduciary failure,' an expert says.
Judge lets Finra proceed with enforcement action against broker
'If Finra doesn’t have the ability to enforce its own rules and discipline its members, then chaos will reign,' says PIABA President Hugh Berkson.
Finra tags advisor for sales of GPB alternatives
"It’s frustrating to see Finra charging brokers after the nail is in the coffin of [clients'] portfolios," one attorney says.
SEC AI proposal would hurt retirement savers, industry group warns
Some trade associations want the SEC to withdraw the measure. 'There is nothing for the chairman to do other than throw it in the garbage,' says the head of the American Securities Association.
Stop whining about new ESG rules, says banking regulator
European banks are facing new reporting requirements starting in 2024.
Arbitrators order losing investors to pay more than $2M in attorneys’ fees, costs
'That is about as cataclysmic an outcome as a claimant can have in a Finra arbitration,' says an attorney not involved in the case.
Investors who overestimate their financial acumen pay higher fees, Finra says
But those who showed objective knowledge paid less, research shows.
FPA launches program to attract members from Ameriprise
An advocate questions whether the CFP credential's fiduciary obligation can apply in a firm where advisors are dually registered.
House turmoil not likely to quiet GOP critics of SEC rule proposals
'This is a transition of leadership,' says a former Democratic Senate staffer. 'It's business as usual with respect to oversight of the SEC.'
SEC’s ‘cryptos are securities’ court appeal denied
Regulator cannot challenge federal court judge’s ruling on Ripple Labs’ digital currency.
