Regulation and Compliance issues for Wealth Professionals can be challenging to navigate especially when the SEC is involved. Catch the latest news and analysis on compliance updates that impact financial advisors.
The Labor Department announced it would not pursue claims against fiduciaries acting 'diligently and in good faith' to comply with the rule through Jan. 31, 2022, and it would not enforce rollover requirements through the end of June.
One securities attorney said SEC staff will likely continue identifying firms that did not file and deliver their disclosure forms on time, saying it was the “lowest-hanging fruit” of CRS-related enforcement actions.
Michael Townsend, Schwab’s managing director of legislative and regulatory affairs, also discussed SEC exam priorities, and the latest developments in D.C. for the estate and capital gains tax rates during a presentation at Schwab’s IMPACT...
The 44-page document details the SEC’s assessment of one of the most remarkable periods of the pandemic economy, when retail traders took on Wall Street and sent shares of GameStop and other meme stocks into the stratosphere.
The Labor Department’s proposed rule would remove obstacles for fiduciaries to consider ESG issues in investments, with one public policy expert expecting it to be finalized by early 2022.
During a speech at the Practising Law Institute's “SEC Speaks” conference, Rick Fleming argued some digital engagement practices could “blur the line” between solicited and unsolicited trading.
Registrants have a 'good understanding' of what the commission expects from Reg BI compliance, so those questions will likely be 'integrated' into the Division of Examination's regular programs, according to an associate director with the division.
According to the Justice Department, Larry Holley, a pastor at Abundant Life Ministries and the co-operator of Treasure Enterprise, raised nearly $9.3 million from more than 140 investors.
