Displaying 25 results
Florida broker-dealer faces $500k fine over texting violations
Finra finds years of compliance shortfalls at Dawson James Securities involving more than 10,000 text messages, including inadequate system for private placements.
‘Ponzi-like’ private placement mess GPB slides into receivership
GPB's founder was an accountant who couldn't do the firm's accounting.
Real estate firm that raised money through IBDs blows up
Bellevue, Washington-based iCap focused on developing apartment buildings and stand-alone real estate.
Vetting fund managers on DEI: Why it matters
Diversity, equity and inclusion is increasingly important to many advisors and their clients.
Head of defunct broker-dealer charged with fraud
Thomas Brenner, former CEO of First American Securities of Orrville, Ohio, is facing seven fraud charges linked to sales of private placements.
SEC to assess when ‘psychological nudges’ become recommendations
Securities and Exchange Commission Chairman Gary Gensler said his agency will determine when digital engagement practices used by online platforms cross the line into investment advice.
Finra set to increase requirements for private placements
The self-regulator will require brokerages to file retail communications related to the sales of unregistered securities in addition to the offering document.
GPB sells top auto-dealership asset for $880 million
The deal looks like a positive development for confused and cash-starved investors and financial advisers who sold the private placements.
Bill mandating SEC test for accredited investors draws criticism
Legislation by Rep. Patrick McHenry, R-N.C., would allow anyone who passes the agency's exam to purchase unregistered securities, but credentialing groups are concerned about the mechanism for becoming a sophisticated investor.
Maxine Waters urges Biden administration to overturn Reg BI
The Chair of the House Financial Services Committee also targeted rules surrounding opening up private markets
SEC eases rules for accessing private securities markets
The changes modernize private market rules and make it easier for small companies to obtain financing, according to SEC Chairman Jay Clayton
SEC proposal would allow ‘finders’ to pitch unregistered securities
While approved for public comment, Democratic commissioners voiced concerns over investor protections
Second Trump term could be boon for private market offerings
If Chairman Jay Clayton leaves the SEC, a Republican successor likely will pick up the mantle
Advisers wary of becoming gatekeepers to private markets
The Investment Adviser Association wants discretionary clients of fiduciaries to be accredited
SEC expands sophisticated investor pool
Democratic commissioners, other critics say the agency lacks understanding of risks posed by private market
House approves funding bill with provision to kill SEC’s private markets proposal
Advocates for alternative investments oppose the provision, which is not likely to survive in the Senate
House funding bill would halt SEC proposal to expand access to private markets
Democratic legislators want the agency to collect data on the impact of promoting unregistered securities
Clayton’s possible departure unlikely to disrupt Reg BI
The SEC chair has placed much political capital into reforming the agency's rules
DOL encourages use of private equity funds in retirement plans
Investor advocates warn high-risk, high-fee investments could harm savers
Pandemic recovery offers opportunity to press deregulation
State regulators have asked Congress to halt SEC efforts to ease private-market rules
- 1
- 2
