Displaying 3266 results
Former hedge fund CFO barred, ordered to pay $227,500 penalty
SEC alleged that Perry Gruss abetted cash moves at defunct D.B. Zwirn.
Piwowar defends SEC’s best-interest rule
SEC commissioner says the Department of Labor rule set up an 'unworkable, impossible set of standards for people to comply with.'
Clayton: SEC left ‘fiduciary’ out of new advice rule to avoid investor confusion
Top regulator says the relationship model is different with a broker or investment adviser, but both must put clients' interests ahead of their own.
SEC bars Long Island broker for insider trading
Agency says Tibor Klein used 'material, non-public information'
As it gets easier to start an ETF, is there still a role for white-label fund firms?
Regulators are cutting the red tape involved, but firms say they can still help with setting up fund infrastructure.
SEC official addresses criticism of best-interest standard for brokers
Director Brett Redfearn clarifies how the SEC defines 'best interest' and how it will determine whether a broker is in compliance.
Finra anticipates oversight role for SEC advice rule
CEO Robert Cook says one area for examination could be the proposed requirement that brokers act in the best interests of their clients.
SEC, Finra nab two firms for AML violations
Chinese bank unit fined $5.3 million over anti-money laundering laxity.
SEC enforcement officials say they focus on quality, not quantity, of cases
Regulator brought fewer actions in fiscal 2017, but touts a record $1 billion being returned to harmed investors.
California RIA William Jordan settles with SEC on fraud charges
Adviser consents to permanent injunction; court will determine penalties.
SEC’s Hester Peirce blasts agency for pursuing small infractions
Commissioner says agency's past 'broken windows' philosophy put undue pressure to keep pushing up the number of enforcement actions.
Iowa insurance regulator cautions SEC about modifying suitability rule
Iowa insurance regulator asserts the current rule is protecting investors and worries that the SEC is defining 'best interest' differently than what it means under state law.
Chattanooga pension fund accuses Wells Fargo of fraud in revenue sharing
The Chattanooga Fire and Police Pension Fund's allegations involve rebates of revenue-sharing from mutual funds
SEC publishes advice rule, sets Aug. 7 comment deadline
The proposal package, filled with questions, is likely to generate hundreds of letters.
Piwowar to resign from SEC
GOP commissioner says he will step down by July 7.
Piwowar departure will complicate action on SEC advice rule
Commissioner set to leave agency July 7, about a month before proposal's comment deadline hits.
Former broker in Philadelphia sentenced to five years in prison
Former broker in Philadelphia sentenced to prison and to pay $886,214 in restitution to clients.
Court ruling aside, for now DOL will rely on fiduciary rule to govern investment advice
Agency says advisers must make good-faith compliance efforts to rely on exemptions
State-registered investment advisers, mostly one and two-person offices, total 17,688
State securities regulators release first statistical snapshot of sector.
Fiduciary advocates disagree SEC advice rule harmonizes standards
In recent speech, SEC chairman Jay Clayton touted 'consistent, fiduciary principles.'
