Compliance December 15th, 2023 SEC Suggests Retirement Assets Should Not Count Toward Accredited Investor Threshold The regulator’s report on the accredited investor definition noted that many only qualify because of their DC plan assets.
Compliance December 14th, 2023 Credit Suisse Fined $10M by SEC for Not Properly Reporting State-Level Infraction The bank had previously been cited by New Jersey for making misleading statements to investors but did not seek relief...
Compliance December 14th, 2023 Treasury Secondary Transaction Rule Finalized by SEC The rule requires more trades to be centrally cleared and is intended to improve market transparency and liquidity.
Compliance November 29th, 2023 Conservative Justices Leaning Against SEC in Administrative Proceeding Case A ruling against the regulator could limit its ability to bring and win enforcement cases against advisers.
Compliance November 22nd, 2023 SEC Charges Against Kraken Identify Specific Tokens as Securities The complaint is another sign to 401(k) plan fiduciaries to take care with digital asset availability in plans, according to...
Compliance November 21st, 2023 Wealth Manager Fined More Than $800,000 for Reg BI Violations Of their advisers, 2 were also fined and 1 suspended for 6 months for account churning and excessive trading.
Compliance November 20th, 2023 FINRA Proposal Would Allow Broker/Dealers to Use Projected Performance in Marketing to Retirement Plans The new rule would permit brokers to use projected performance in communications about qualified retirement plan investing.
Compliance November 9th, 2023 Assessing Regulations and Best Practices for ESG Investing ESG experts discuss the current regulatory and business landscapes regarding ESG reporting and investing.
View Points November 8th, 2023 Know the Risks Resulting From Swing Pricing, Hard Close Proposals American Trust Custody’s COO explains why plan advisers and sponsors should prepare for an increase in plan costs if the...
Compliance November 1st, 2023 Safeguarding Proposal Remains Unpopular in Investment Industry The same criticisms of the proposal linger, but the SEC is continuing to push ahead.
Compliance October 26th, 2023 New Speaker Mike Johnson Remains an Enigma to Retirement Industry Having served on unrelated committees, Johnson’s legislative record on retirement issues is rather thin.
Compliance October 25th, 2023 ‘You Know What the Rules Are,’ Gensler Tells Crypto Industry The oft-critical SEC chair repeated that the cryptocurrency industry is unusually non-compliant with securities laws.
Compliance October 25th, 2023 SEC Fines BlackRock Advisors $2.5M for Disclosure Violation The SEC charged the firm with inaccurately describing a business in which it held $75 million in debt.
Compliance October 18th, 2023 SEC Proposes Partial Ban on Volume-Based Discounts for Brokers The ban would prevent exchanges from offering volume-based pricing schemes to brokers for agency trades, a practice the SEC sees...
Client Service October 16th, 2023 How to Stay Safe From Evolving Cybersecurity Threats Experts discussed the SEC’s new cybersecurity rules and the importance of having an action plan at PLANADVISER’s Cybersecurity livestream.
Compliance October 16th, 2023 SEC Exam Priorities Require Advisers to Account for Client-Specific Needs in Recommendations The regulator also listed expensive, complicated and illiquid investment recommendations as coming under increased scrutiny in 2024.
Compliance October 13th, 2023 Does Anyone Support the Predictive Analytics Rule? Nobody in the investment advice industry seems to, and few and far between appear to elsewhere.
Compliance October 10th, 2023 SEC’s AI Proposal Would Negatively Affect Retirement Education Features, Commenters Say The feedback period for the SEC proposal on artificial intelligence and conflicts of interest closed today, and the feedback has...
Compliance September 29th, 2023 SEC Imposes $79M in Fines on Advisers for Recordkeeping Violations Ten firms were fined for using unapproved off-channel devices for business related communications.
Compliance September 29th, 2023 SEC Proposes New Rules for RILA Annuity Providers The proposal directs RILA providers to use registration documents that better explain the annuity’s features and complexities.