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.
Despite Reg BI's implementation, many broker/dealers continue to operate as they did under the suitability standard, according to a new NASAA report. But the group is advocating additional guidance in lieu of amendments to the SEC’s rule.
Gensler first raised concerns about bond transparency in September, saying he’d asked the SEC staff to recommend ways to make the markets for corporate and municipal debt and mortgage backed-securities less opaque.
According to charges filed by the Justice Department and the SEC, New Jersey–based b/d and investment advisor Kenneth Welsh used clients’ funds to buy gold coins and precious metals.
The order concerning Lexion Capital Management comes one week after the commission claimed a Syracuse-based firm failed to file and deliver its form to the SEC and clients.
