Firms say technological advances allow them to oversee reps no matter where they work. A compliance expert cautions that the best evidence of malfeasance is found on site.
The firm's applications related to the DoubleLine Opportunistic Bond ETF and the DoubleLine Shiller CAPE U.S. Equities ETF have been granted 'effective immediately.'
The agency 'has serious concerns about the prudence' of exposing plan participants' retirement savings to investments that carry 'significant risks of fraud, theft, and loss.'
The regulator is assessing the risks that may arise when retail investors purchase complicated investments without the help of a financial adviser.
Investors representing $4 trillion urge regulator to include Scope 3 emissions in corporate climate reporting.
Advisers will have to wait a while longer before they get answers on issues such as custody, as regulators sort out crypto oversight.
The White House executive order is the first attempt at coordinating the government's strategy, although it falls short of providing a clear direction on regulation.
Retail investors can now benefit from the inside scoop right along with the 18-term U.S. representative.
Best execution has become a regulatory priority for Finra and the SEC in the wake of the January 2021 GameStop trading frenzy.
David Schamens, who was barred back in 1992 for lying to retail investors, solicited investments in a pooled investment vehicle, but used the money for personal expenses and to repay previous investors, according to the SEC.
Even with a long runway — the rule became effective last May 4 with an implementation deadline of Nov. 4 — getting ready for the measure has become a top compliance worry for advisers.
The size of the agency's examination staff hasn't increased meaningfully in recent years and it can't keep up with the growth in advisers, an official said.
The lawsuit filed in 2020 questioned the plan's procedures for selecting prudent investments and alleged it failed to properly monitor record-keeping fees.
The new director of the SEC Division of Investment Management, William Birdthistle, makes his public debut at the Investment Adviser Association conference.
The index-based strategy, which has been described as 'baby steps' into the crypto space, will not offer direct exposure to digital currencies.
Cambridge says it is prepared to defend itself against the SEC's allegations.
The bank's RIA unit will pay $30 million into an SEC fund to be distributed to harmed investors.
Among the provisions of a draft bill are one that would improve fee disclosures in defined-contribution plans and another that would allow annuities as qualified investment default alternatives in plans.
Four Advisor Group broker-dealers recently reported facing 58 investor suits totaling $19.4 million related to the private placement investments.
The Labor Department charges a Chicago fund's fiduciaries and counsel with committing multiple ERISA violations.
