Compliance May 18th, 2023 SEC’s New Stock Buyback Rules Come Under Legal Challenge The Chamber of Commerce has sued the SEC in the 5th Circuit and seeks a review of a new SEC...
Compliance May 17th, 2023 Common Pitfalls in Reg BE, BI, According to FINRA, SEC Riskier and complicated assets require more due diligence, and regulatory officials laid out some practices for advisers to avoid.
Data & Research May 17th, 2023 Advisers, Participants Skeptical of ESG Investments, but Asset Managers Are Not Greenwashing by investment funds has contributed to negative rhetoric about ESG, but the practice remains a top initiative for U.S....
Compliance May 16th, 2023 SEC Head Gensler Says Reg BI Not ‘Check the Box’ Exercise The SEC chairman made remarks about Reg BI, Reg BE and about AI’s role in the markets at FINRA’s annual...
Compliance May 11th, 2023 House Republicans Eye SEC Regulatory, Enforcement Budget A letter from the House Financial Services Committee calls for a freeze on the SEC’s enforcement budget and the defunding...
Compliance May 10th, 2023 Industry Voices Object to SEC Safeguarding Rule Adviser advocacy and interest groups expressed disapproval for the SEC’s proposal, citing discretionary trading concerns and limiting annuity use.
Compliance May 8th, 2023 SEC Charges Pinnacle Advisors With Liquidity Rule Violations The SEC complaint says Pinnacle knowingly mispresented the liquidity of some assets to satisfy liquidity requirements.
Compliance May 8th, 2023 SEC Swing-Pricing Rule Would Make Participants Second-Class Investors The president and COO of Nationwide Financial argues the rule would be bad for retirement plan and annuity product investors.
Compliance May 5th, 2023 SEC Safeguarding Rule Would Expand Investment Oversight to Crypto, Artwork A proposed rule whose comment period ends Monday would have advisers obtain written agreements that segregate client assets to protect...
Compliance May 1st, 2023 House Bills Would Expand Accredited Investor Pool to Include Clients of Advisers The House Committee on Financial Services advanced a bill that would allow RIA clients to invest in unregulated offerings such...
Compliance April 28th, 2023 House Committee Unanimously Approves Bill Requiring SEC to Study Size Cutoff for Advisory Firms The Small Entity Update Act requires the SEC to revisit the ‘small entity’ definition of advisory firms every five years.
Compliance April 21st, 2023 Execution Quality Disclosure, Tick-Size SEC Proposals Enjoy Industry Support Mandatory auctions and Reg BE are considerably less popular.
Compliance April 20th, 2023 SEC Updates Guidance on Adviser Investment Obligations The latest guidance adds teeth to initial Regulation Best Interest, passed in 2019.
Compliance April 20th, 2023 At House Committee, SEC Swing Pricing Proposal Comes Under Fire Gensler defended the SEC’s recent proposals on subjects such as climate disclosure and swing pricing.
Compliance April 18th, 2023 Betterment Pays SEC $9M for Misstatements Regarding Tax Loss Harvesting The digital advice and IRA provider agreed to pay the fines without admitting or denying wrongdoing.
Compliance April 14th, 2023 Commenters Urge SEC to Implement Market Proposals Sequentially The growing chorus of caution now includes the Department of Justice.
Compliance April 14th, 2023 Proposed Bill Would Tie $150 Million RIA Registration Threshold to Inflation The Small Business Investor Capital Access Act, introduced this week, would increase the registration exemption from $150 million by tying...
Compliance April 12th, 2023 Gensler to Testify at House Oversight Hearing Next Week Items such as the SEC’s market structure and cybersecurity proposals are likely targets for questioning, as is the SEC’s climate...
Compliance April 11th, 2023 SEC Makes Important Investment Company Act Exemption Allowing one tech company to avoid registering as investment company could be the first step toward a permanent rule.
Compliance March 28th, 2023 Proposed Legislation, SEC Rule Would Greatly Expand Electronic Disclosures A proposed bill and an SEC proposal on the same topic target two different audiences.