Regulation & Compliance

Commissioners Jackson and Lee are at it again, urging commenters to help the agency strengthen a new proposal on the use of leveraged and inverse funds.

The duo's victims include a 77-year-old retiree who invested about $1.1 million.

The SEC commissioner was among the choir while singing the praises of the soon-to-be-implemented rule at the trade association's annual meeting in Washington, D.C.

At SIFMA's annual meeting, U.S. Sen. Tim Scott said there could be additional clarification on the opportunity zone regulations by the end of December.

The New Jersey Bureau of Securities revoked the registration of the firm, First Standard Financial, described as "a haven for greedy, dishonest agents who traded client accounts like sharks in a feeding frenzy".

Firms must track the totality of a relationship between advisors and clients over multiple devices, according to several compliance experts.

SIFMA and others took part in the Quantum Dawn V exercise this week; here’s how it went.