Fiduciary

Displaying 1267 results

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Should celebrity profiles be considered investment advice?

Investing apps allow investors to trade securities and share those strategies with like-minded traders. Regulators may need to consider whether they're also providing investment advice.

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Insurance products are morphing into securities

Carson Group Excell conference whets the appetite of advisers looking for fee-based insurance products.

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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.

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SEC enforcement director stresses ‘proactive compliance’ on Reg BI

The rule goes 'significantly beyond' suitability, and firms should give their reps the tools they need to 'identify, disclose and mitigate conflicts prohibited under Reg BI,' Gurbir Grewal said.

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SEC will ensure Reg BI fulfills best-interest promise: Gensler

Rep. Ann Wagner, R-Mo., raised concerns about what Gensler's recent hiring of Barbara Roper means for the future of the Regulation Best Interest standard of conduct.

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Delaying DOL fiduciary rule would give small RIAs time to comply

'A lot of smaller RIAs don’t understand the magnitude of the work necessary to comply by December,' said Brad Campbell, a former assistant Labor secretary.

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Fiduciary advocates call on SEC to fix Form CRS

A new study by the Institute for the Fiduciary Standard asserts the document blurs the line between advisers and brokers.

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SEC, Finra officials: Don’t just go through motions on Reg BI compliance

Regulators said brokerages should not only tell reps what Reg BI says but provide examples of how to meet its requirements.

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XYPN petitions SEC for brighter line between brokers, advisers

The network is prodding the SEC to force brokers to register as advisers if they give advice, provide financial planning or hold themselves out as advisers.

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Regulators: Trading app nudges could be investment advice, trigger Reg BI

The more individually tailored a communication to a customer is, the more likely it is a recommendation, SEC Commissioner Allison Herren Lee said during the NASAA fall meeting.

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Fiduciary — it’s all Greek to me!

What the ancient Greek philosopher Aristotle can teach us about communicating a fiduciary standard of care.

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Investor advocate comes off the sidelines, gets into the regulatory game

Even before drawing her first government paycheck, Barbara Roper has influenced how the SEC under Gary Gensler is approaching Regulation Best Interest.

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SEC inquiry into online brokers could redefine recommendations

The agency could be on the path toward clarifying whether online trading platforms are giving investment advice. The examination will also consider potential conflicts of interest between brokers and investors.

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UBS to offer Transamerica program for small-business retirement plans

The Retirement Plan Exchange, which uses TAG Resources, is designed to reduce administrative headaches related to providing a plan.

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SoFi fined $300,000 by SEC over proprietary fund sales

The enforcement action centered on a decision in April 2019 to replace third-party ETFs in approximately 20,000 automated accounts with funds sponsored by the firm’s parent company, Social Finance Inc.

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Britney Spears’ struggle for independence puts a spotlight on conservatorships

The pop superstar's plea to end her 13-year conservatorship raises questions around its validity and prompts experts to rethink the whole system.

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How neuroscience is illuminating the relationship between leadership and fiduciary responsibility

Preliminary research results indicate there's a strong correlation between genuine leaders and authentic fiduciaries.

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SEC fines 27 firms in first-ever Form CRS actions

The agency charged 21 investment advisers and six brokerages with missing delivery or posting deadlines. The customer relationship summary outlines fees, services and potential conflicts of interest and is supposed to help clients understand business practices.

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All’s quiet on the Reg BI front

The SEC has been intense about ESG and wait-and-see on Reg BI. But new Enforcement Director Gurbir Grewal supported New Jersey's fiduciary rule and may put teeth in the broker advice standard.

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Increasing retail investor access to private markets gains bipartisan support

Legislation introduced by Reps. Anthony Gonzalez, R-Ohio, and Gregory Meeks, D-N.Y., would lift restrictions on closed-end funds' investments in unregistered securities.