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SEC bars California adviser over $5.7 million fraud
Craig Arsenault used client funds to make unsecured loans, agency says.
Regulatory amnesty opens advisers’ eyes to past wrongs
SEC, Finra shining spotlight on problems that can no longer be overlooked.
SEC promises revised advertising rule soon
Investment Management director Dalia Blass says current rule disconnected from way world works.
Wedbush to pay $250,000 penalty to settle SEC charges
Firm also censured for ignoring 'red flags' of pump-and-dump scheme.
House Democrats call on SEC to strengthen Regulation Best Interest
At subcommittee hearing Thursday, congress members express concerns about investor protection under agency's advice reform proposal.
Opponents of Maryland fiduciary bill tell lawmakers to wait on SEC
Supporter praises state for stepping in where federal regulator falls short.
Concerns about GPB Capital trash hauling business come to the fore
What did IBDs that sold GPB private placements know about its trash hauling companies?
SEC says 79 firms will return $125 million to clients as part of clemency program
Agency offered incentives to advisers to turn themselves in.
SEC bars former broker for taking more than $1 million from client accounts
Former Wells Fargo rep John Gregory Schmidt had been barred by Finra.
Former adviser sentenced to two years for lying to clients, SEC
Richard Cody of Jacksonville, Fla., also must pay fine of $30,000.
State securities regulators back Nevada’s fiduciary rule proposal
NASAA President Michael Pieciak: Draft regulations should curb abusive practices.
House Democrats question whether investors are protected under Regulation Best Interest
Lawmakers will seek more information in subcommittee hearing next week.
U.S. agencies revisiting restrictions on bonus payments
Pay limits were among the most sweeping constraints to come out of Dodd-Frank.
Scrutiny of stock buybacks intensifies as Democrat threatens bill
Maryland senator wants the SEC to make it harder for corporate executives to sell shares right after buyback announcements.
SEC wins churning case against ‘cockroaching’ broker
Barred broker worked at 10 different firms in his 13-year career
BB&T Securities reaches $5.7 million settlement with SEC for deceiving clients
The SEC claimed BB&T misled clients and caused them to overpay for advisory services.
NASAA distances itself from state fiduciary efforts, wants Reg BI to succeed
IRI also pushes for SEC rule, and a bill to promote annuities in retirement plans.
FSI’s top advocacy priorities for 2019
Key items include supporting the SEC's Reg BI, working to restore the deductibility of advisory fees and advocating for the adoption of NASAA's elder abuse rule.
GPB Capital Holdings now focus of FBI investigation
Agency's inquiry follows SEC and Finra investigations into private placement firm, which has raised $1.8 billion from wealthy investors.
Adviser trade associations, investor advocates split on Nevada’s authority to implement fiduciary rule
SIFMA, FSI, Investment Adviser Association say hands off; 16 advocacy groups say bring it on.
