Displaying 3232 results
Ameriprise bracing for $50 million penalty over messaging
'There's no rhyme or reason regarding how these penalties are determined,' one industry executive says.
SEC announces new director for investment division
Natasha Vij Greiner has been with the regulator for two decades.
SEC wants LPL to pony up $50 million over messaging apps, texts
'The large size of such fines underscores the point that regulators want this behavior to change quickly,' a compliance executive notes.
SEC bars financial advisor indefinitely
Connecticut-based Andrew Komarow had been barred by Finra in June.
Regulatory change could bring ‘thousands’ of new ETFs
A number of other asset managers have asked the SEC to allow them to replicate the fund model, used exclusively by Vanguard for more than two decades, that lets an ETF be listed as a share class of a broader mutual fund.
Gensler cites risks where banks and non-banks meet
The SEC chair talks about the outlook for implementing the rest of his regulatory agenda.
SEC orders TIAA to pay $2.2M for violating Reg BI
Disclosure failures at the organization’s broker-dealer arm led to nearly $1 million in unnecessary costs for retail customers in IRAs.
SEC fines VanEck $1.75M over ETF finfluencer promotion
While the SEC doesn't name the influencer, Dave Portnoy, founder of the website Barstool Sports, partnered with VanEck during the fund's launch.
SEC’s Gensler cautions against overblown claims about AI
The SEC chair warned companies against 'AI washing' when they talk to investors about their use of the technology.
Ex-Oppenheimer advisor sentenced to 8 years for $50M Ponzi scheme
The disgraced advisor fleeced more than 400 investors in a fraudulent 'private equity' fund over a 13-year period.
GOP bill to kill SEC proposal on advisor AI conflicts faces obstacles
It’s more likely the GOP will make a point about their frustrations with the SEC than actually get the bill through the Democratic-controlled Senate.
SEC to add ‘dealer’ tag to hedge funds trading Treasuries
Dozens of firms may face increased scrutiny and compliance costs in regulatory overhaul.
Investor advocates call on SEC to end RIAs’ use of mandatory arbitration
'Investors are forced into an arbitration process that’s unfair – a process that too often leaves retirees ripped off by unscrupulous RIAs and then priced out of justice by forced arbitration clauses inserted by folks who are fake fiduciaries,' PIABA president says.
State regulators oppose bill to allow private markets access through advisors
This idea may result in investors paying higher fees without requisite returns, argues state regulator.
FSI presses SEC to end ‘regulation by enforcement’
FSI says regulator must start giving accused fair notice that behavior is out of compliance.
SEC approves tougher rules for blank-check deals
After surging during the pandemic, SPACs have fallen out of favor, and the agency's new rules could further reduce investor interest.
Finra finds many misleading claims about crypto assets
'This happens when there is a new frontier of investment categories,' a compliance expert says. 'A lot of folks get very excited. What that means is [compliance] policies and procedures don’t catch up with the business side.'
SEC bars ex-Morgan Stanley broker who stole from his mother
The SEC alleged that Texas broker Doug McKelvey misappropriated more than $1.7 million.
Case over fishing law could hamstring the SEC and DOL
If the Chevron deference is overturned, 'the SEC will no longer be able to create new rules that are designed to apply to new things going on in the marketplace,' an attorney says.
SEC probes B. Riley deals with client
The agency has carried out interviews about the broker-dealer and its relationship with a key client who was linked to a securities fraud.
