The XYPN co-founder will join the Focus Financial-owned firm as the head of planning strategy to continue to do for financial planning what his new colleague Larry Swedroe has done for investing—advocate for a...
The agency made the decision due to the spread of the coronavirus, one day after the SEC encouraged employees at its Washington, D.C. headquarters to work from home.
Advisors are limiting travel, telling employees to work from home and cancelling events, all while balancing the need to be open and responsive to clients.
A commission spokesperson said that teleworking would not diminish the SEC's capability to continuing monitoring market function and working with other regulators.
Attorneys for the SEC submitted a brief on Tuesday arguing that the lawsuit submitted by XYPN and several states fails to address how the rule will affect broker/dealers.
In what many characterize as a retreat from a move toward more transparency, consumers will no longer be able to find an advisor’s compensation model on the board’s public-facing website.
Antonia Chion spent 32 years with the SEC, and most recently helped supervise a settlement with Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network that included a $35 million penalty.