It's important for advisers to understand what they can and can't do under the agency's new marketing rules when it comes to advertising and marketing via social media and messaging apps.
The earlier-than-expected decision from the SEC could suggest a 2022 approval for a pure Bitcoin fund may not be in the cards either.
LPL, Wells Fargo and three Advisor Group firms avoided penalties for 'extraordinary cooperation' with Finra's investigation.
The company failed to reveal conflicts of interest concerning marketing fees paid by clients for mutual funds, according to the regulator. The independent broker-dealer 1st Global Advisors was acquired by Blucora in 2019.
William A. Birdthistle is currently a professor at Chicago-Kent College of Law. The division oversees regulatory policy for investment advisers.
According to the order, Global failed to offset certain portfolio company fees against management fees charged to clients, as required under its offering and governing documents.
Roisman, who has been a commissioner since 2018, played a key role in Trump-era efforts by the SEC to rein in proxy advisory firms and to make it easier for companies to block submissions from newer stockholders.
The agency's Standard of Conduct Implementation Committee found content and format problems after reviewing a cross section of filings.
Gov. Jay Inslee says legislators need time to refine the program, the Washington Cares Fund.
Employees often communicated about business on their personal devices, using text messaging applications, such as WhatsApp. The compliance systems were not keeping up with technological advances, an expert said.
The regulator says the firm failed to review more than 100 accounts for junk-bond concentrations.
The case alleges fiduciary breaches based on the existence of cheaper investment options on the market than those used in the plan.
The Government Accountability Office's report analyzed 69 SEC reviews of Finra since fiscal 2018.
One of the lead plaintiffs in the class-action case appears to be the company’s former regional vice president of retirement sales.
A judge denied Gwen Campbell's request to temporarily bar fellow bankers at JPMorgan from soliciting business from clients she brought with her from BofA, clients who reportedly include former New York Yankees star Alex Rodriguez.
The agency says the firm distributed unregistered shares unlawfully and failed to file suspicious activity reports.
The central bank also said it will double the pace at which it's scaling back purchases of Treasuries and mortgage-backed securities, putting the program on track to conclude in early 2022 rather than at midyear.
A bug earlier this year let plan sponsor clients view outside participants' data, and one man claims he and others suffered consequences.
The agency received a trove of public comments on its proposed ESG changes, and many were penned by people concerned about a perceived liberal agenda.
Law firms representing the plaintiffs cite fiduciary failures in moving to in-house funds and high fees for record keeping and managed accounts.
