Open lines of dialogue will be crucial in identifying the key issues that are most in need of clarification
Former commissioner Dan Gallagher joins after the robo's checking accounts ran into regulatory issues last year
Many state-registered investment advisers think they are too small to be on criminals' radar.
Former commissioner Dan Gallagher joins after the robo's checking account problems ran into regulatory issues last year.
The SEC's regulation could give some firms a way to set themselves apart from the rest
The SEC's regulation could give some firms a way to set themselves apart from the rest
Firm says clients were not deceived by alleged conflicts over revenue-sharing
The SEC offers no evidence investors will benefit from Reg BI beyond vague, unsupported assertions
Firm says clients were not deceived by alleged conflicts over revenue-sharing
Board also votes for proposal about brokers acting as client beneficiaries.
The SEC offers no evidence investors will benefit from Reg BI beyond vague, unsupported assertions
One recent case alleges an employer didn't appropriately take into account index-fund tracking error.
Clients of Founders Financial paid 12b-1 fees when eligible for lower-cost shares
Clients of Founders Financial paid 12b-1 fees when eligible for lower-cost shares
Despite the declining number of participants, industry revenue and profit increase
Principles-based rule provides little detail on how to comply.
SEC says BMO failed to disclose conflicts of interest when it put customers into proprietary funds.
Of the firms involved, 16 self-reported and avoided civil penalties; another must pay a $300,000 fine.
The asset managers still seeking SEC approval have tried to differentiate their funds from those that ended up on the scrap heap.
The actively managed funds would keep some of their holdings hidden.
