Displaying 3266 results
Clayton: SEC targets ‘complex, hidden fees’
Putting clients in expensive share classes instead of lower-cost ones hurts investors, chairman says.
Finra reform getting traction in Washington
A Heritage Foundation event was the latest in a flurry of high-level talks about the embattled SRO
Jay Clayton plans to crack down on retail fraud, promote IPOs
SEC Chairman Jay Clayton has decided to tackle the perennially difficult issue of a fiduciary standard, but it's not his only concern.
SEC investigates potential fraud of $1 billion at California firm
The commission sent subpoenas to 235 LLCs it believes are connected to the Woodbridge Group of Companies, inquiring about the possible improper sale of securities.
DOL fiduciary: OMB receives rule providing for 18-month delay
Move would give DOL more time to conduct review of fiduciary regulation ordered by Trump.
Houston RIA charged in $1.9M elder swindle gets five years
Texas regulators say Lawrence DeShetler bilked five clients, two of whom were in their 80s.
Senate Banking Committee approves SEC nominees Hester Peirce and Robert L. Jackson Jr.
Confirmation by the Senate would give SEC full complement of five members for first time in more than two years.
Ex-Merrill broker Thomas J. Buck pleads guilty to securities fraud, will pay SEC $5M
The ex-broker was accused of collecting $2.5 million in excessive commissions and fees from at least 50 clients.
SEC penalizes UBS $3.5 million for overcharging on funds
Firm settles charges that it failed to provide less expensive share classes.
SEC task force targets retail investor fraud at the adviser level
Task force will target widespread problems involving inadequate fee disclosure and unsuitable product recommendations.
SEC and DOL should agree on tough fiduciary rules
Harmonizing between federal agencies and state regulators is a complex task in everyone's best interest.
Wedbush Securities, once again, in trouble with regulators
How do firms and brokers or executives continue to make the same sorts of mistakes while Finra and the SEC consistently miss the transgression?
Clayton says SEC can’t simply take over DOL fiduciary rule
'We have a process. They have a process. We have to respect those,' chairman tells SIFMA annual conference.
SEC nominees Jackson and Peirce blast Finra’s transparency during hearing
Hester Peirce and Robert Jackson Jr. believe the brokerage regulator's conduct in this area should be improved.
BlackRock wants ETF rule to help competition
Removing impediments for potential issuers creates a bigger market, and perhaps more assets for BlackRock.
Finra’s fine money whets appetites of investor advocates, experts, industry representatives
Suggestions for uses range from establishing funds for harmed investors, those whose arbitration awards go unpaid or giving it to the Treasury Department.
SEC charges adviser with stealing $9 million intended for charity
John Rogicki, also his firm's chief compliance officer, is the second person at New York-based Train Babcock Advisors to face fraud-related charges.
Brace yourself for more SEC exams
The agency is working toward a goal of examining every RIA at least once every five years.
SIFMA: State-level fiduciary rules would confuse investors
Managing director Lisa Bleier set to testify in Nevada workshop on state's new fiduciary law.
Pimco and Goldman lead push for bond ETF flexibility
Approval for global bond-linked index funds would put them on same footing as ETF pioneers Vanguard and BlackRock.
