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.
In its first-ever enforcement actions against robos, the SEC charged Hedgeable with false performance reporting, false statements, prohibited Twitter testimonials and undisclosed paid promotions.
An industry trade group warns that some approaches to addressing unpaid arbitration—such as a pool or errors and omissions insurance—will have unintended consequences.
Democratic senators pushed back SEC Chairman Jay Clayton on Reg BI, arguing that the agency should use the same wording as its fiduciary standard for investment advisors.
