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.
A proposal being circulated inside Wall Street’s main regulator would require that brokers in fixed-income and some derivatives—as well as those handling equities—get their clients the best deal.
The SEC said the Goldman Sachs Asset Management unit “had several policies and procedures failures involving the ESG research its investment teams used to select and monitor securities.”
The final rule includes language that clarifies plan fiduciaries can base decisions on factors they deem relevant, including “the economic effects of climate change and other ESG considerations.”
As C. Dabney O’Riordan departs the SEC's Asset Management Unit for Quinn Emanuel, she spoke with WealthManagement.com on what the industry can expect from regulators in the coming year around enforcement of new rules: 'I expect the SEC is going to...
Pro-bono law clinics for small clients and low-value claims help keep the brokerage industry honest. But funding has run out, and they are getting harder to find.
James Millegan faces as much as five years in prison after a jury found him guilty of evading $2.5 million in income taxes, according to the Department of Justice.
The record amount of civil penalties was driven in part by the fines against some large Wall Street firms for failing to preserve text message communications on personal devices.
