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.
Panelists in a discussion during an awards presentation for Prof. Ronald Rhoades discussed Reg BI's future under a Trump or a Biden administration, as well as whether FINRA should be disbanded.
Over eight years, 15 traders at the biggest U.S. bank caused losses of more than $300 million to other participants in precious metals and Treasury markets, according to court filings on Tuesday.
Roger Nils-Jonas Karlsson was extradited to the United States from Thailand last year by the Department of Justice and is accused of targeting thousands of investors with a phony investment offering.
The SEC obtained a final judgment against Marcus Beam, who had set up shop as a Bali-based pornographer after being charged with investment fraud in the U.S.
The Securities and Exchange Commission said the changes would modernize the rules and balance concerns of shareholder proponents and other shareholders, while critics claimed the rule would help CEOs skirt corporate accountability.
The SEC settled charges against Milton Dosal Jr., arguing that he raised nearly $100,000 from about 41 investors claiming he could trade stocks on their behalf despite not being a registered broker.
A Morningstar panel also discussed the firm's concerns over the Labor Department's proposed rules on fiduciary exemptions, stressing the importance of clarity in SEC and DOL enforcement.
