The advocacy group for advisors argued the rule is overly broad. In contrast, the outgoing director of the SEC's Investment Management Division said the degree of risk in AI’s proliferation is “obvious.”

The regulator continues its focus on AI, off-channel and public-facing communications.

Compliance isn’t rocket science, but it comes at a cost—both in terms of time and money.

The RIA entered a non-prosecution agreement with the Justice Department’s Antitrust Division last year over charges it conspired with American Century Investments not to hire each other's employees.

TIAA IRA customers paid more than $900,000 in combined expenses that could have been avoided by investing through a “brokerage window” with lower-cost share classes, according to the regulator.

The SEC claims VanEck failed to disclose the involvement of a social media influencer in promoting the BUZZ ETF.

Anya Coverman, president and CEO of the Institute for Portfolio Alternatives, talks about potential policies at the federal and state levels that could stem advisors’ ability to use alternative investments in client portfolios.

The final impact has yet to be determined.

A House appropriations bill includes a rider that could delay or defund the DOL fiduciary rule. The CFA is urging Congress to stand against it.