Displaying 3232 results
SEC faults new advisors for compliance shortcomings
The agency's examinations found programs weren't tailored to business models and were inadequately funded.
Former advisor, financial planner charged with defrauding NBA players
Four people face federal indictments in the scheme, and the former advisor is being charged by the SEC.
Sticking with WORM may leave advisory firms in the dust
The SEC's amendment to rule 17a-4 represents a tremendous opportunity to bring firms' record-keeping systems into the 21st century.
SEC inquiry targets Edward Jones brokers’ use of messaging apps
Keeping tabs on texts and messaging has been difficult for the industry, and fines have been mounting.
Mormon church, investment manager pay $5 million to settle SEC claim
The church and its investment arm, Ensign Peak Advisers, created 13 limited liability corporations to obscure the size of the church's portfolio.
Bad apps + Bad actors = Bad news for advisors
Two types of worrisome trends emerge in the app landscape that financial advisors must watch out for.
SEC proposes new conflicts-of-interest rule aimed at certain securitizations
SEC Chair Gary Gensler called the measure an 'unfinished step in Congress’s vision for financial reform' following the 2008 financial crisis.
Is the new generation of nontraded REITs really any better than the last?
Wall Street has revitalized the product, but these REITs face new scrutiny because of an old problem: Investors are demanding liquidity.
Questioning the SEC’s outsourcing proposal
For advisors who don’t do their homework, the possibility of a regulatory slap on the wrist may be less of a deterrent than a whack in the wallet from aggressive attorneys.
Hey, can the SEC really do that?
It’s the central question for the GOP and industry lobbyists as Congress takes a larger role in regulating the regulator.
ESG themes to watch in 2023
Shareholder engagement, the energy transition and regulation will get a lot of attention.
Don’t say ‘No’ to the ‘O’
InvestmentNews is no longer spelling “adviser” with an “e” but has aligned with the common usage of the industry by adopting “advisor.”
Gary Gensler’s SEC agenda faces steep GOP opposition
The GOP barely controls the House, but it's enough to allow the party to pressure the SEC chief to curb his agenda.
Omnibus includes index-linked annuities legislation, other stocking stuffers
Several policies that affect advisers — in addition to the SECURE 2.0 retirement-savings bill — catch ride on last vehicle moving through Congress this year.
There’s no simple approach to complex products
As financial advisers turn to complex products to help clients navigate volatile markets and rising interest rates, regulators are scrutinizing the investments more closely than ever.
The ESG rule, the SEC and sustainability
If SEC Chairman Gary Gensler can engage with potential opponents while keeping advocates on the SEC’s side, ESG could score more policy wins next year.
ESG got caught between party lines
The year saw major developments in legislation and regulation that affect sustainable investing, including proposals from the SEC and a long-awaited final rule from the Department of Labor.
Social media finfluencers face charges in $114 million pump-and-dump scheme
The defendants allegedly disseminated false and misleading information to their collective 1.5 million Twitter followers to hype interest in certain securities while secretly planning to sell shares at artificially elevated prices, the DOJ charged.
SEC plan calls for overhaul of the way stocks are traded
The agency laid out four proposals that Chair Gary Gensler says would boost transparency and competition.
Managers stop calling some assets ESG ahead of SEC rules
Anti-greenwashing proposals are already having an effect, results of a US SIF survey suggest.
