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.
Law firm Eversheds Sutherland attributed the drop in fines to a massive penalty against Robinhood in 2021 and said they expected many Reg BI–related cases in the coming years.
Some of the judges pushed the SEC to explain why Grayscale is wrong to argue the risks of fraud and manipulation in the spot Bitcoin and Bitcoin futures markets are the same because they both rely on the same underlying pricing.
The SEC said BKCoin and its co-founder, Min Woo "Kevin" Kang, which had allegedly raised nearly $100 million from investors, violated securities laws by making “Ponzi-like” payments.
The commission charged Kevin Kane and Sean Michael Kane for defrauding clients after they were fired from Waddell & Reed by telling them they left voluntarily.
Predictive data technologies may create “inherent conflicts” of interest related to the duty that investment advisors have to their clients, the SEC chair said.
The regulator’s update to its targeted sweep of firms’ dealings with social media influencers offered suggestions that may be difficult for broker/dealers to fulfill, according to one securities attorney.
