The rule, which takes effect in September, “protects the retirement investors from improper investment recommendations and harmful conflicts of interest,” according to Acting Labor Secretary Julie Su.
The SEC’s new quarterly reporting rules could help make private funds far more accessible to retail investors. But they are a huge task to implement.
The commission's latest risk alert concerning the ad rule is the second since registrants were required to be in compliance.
The SEC has repeatedly rewarded firms who self-reported their use of WhatsApp and other unauthorized communication means with leniency.
The state securities agency is trying to shut down two entities falsely claiming to be wealth management firms operating out of...
The firms will collectively pay $200,000 to settle the charges, which focused primarily on their use of hypothetical performance.
A cadre of US regulators are scrutinizing the firm’s efforts to prevent potential money laundering by wealthy clients.
The Office of Management and Budget is concluding its final meetings with the rule’s opponents, while House Democrats signaled their support in a letter this week.
The brokerage regulator settled two cases related to the SEC’s rule this week; one securities attorney believes FINRA has now established itself as the “primary regulator” of the rule.
Dawson James Securities failed to retain more than 10,000 business-related texts, including consumer complaints and client conversations, over 10 years, according to FINRA.
