Regulation & Compliance

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.

If the SEC’s no longer able to seek disgorgement, it could leave 'a massive hole in the enforcement system.'

An insurance industry proposal purports to protect consumers but actually favors commissions and profits.

The commission said Wells Fargo failed to properly train and oversee brokers and advisors who didn't understand the ETF was not designed for long-term buy-and-hold investors.

The proposed regulation follows the National Association of Insurance Commissioners' vote approving a model regulation for states to emulate.

The outreach program for compliance officers will be held this April at the SEC's Washington, D.C., headquarters.

As Reg BI’s implementation date approaches, firms are grappling with the Form CRS challenge of explaining themselves both briefly and clearly.

One investor group argues the state’s final rule, going into effect March 6, has been significantly weakened to mirror some of the worst aspects of Reg BI. Meanwhile, industry groups are concerned with how fast the rule has been finalized.

The Democratic candidate for President also proposed a 0.1% tax on all financial transactions as part of his campaign's financial reform proposals.