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.
Gary Gensler said on Wednesday that he asked the agency’s staff to examine issues related to stock trading including so-called best execution requirements.
Centaurus Financial did not self-report 12b-1 fees charged to clients during an earlier amnesty period, prompting the SEC to levy the fine over conflicts and undisclosed revenue-sharing agreements.
Sutton, Mass.–based advisor James Couture was charged with wire fraud and aggravated identity theft and was accused of using client funds for his own personal and business expenses.
The charges against the executives of LJM Funds Management and LJM Partners claim they failed to inform investors about potential losses. The funds later suffered a $1 billion loss.
The SEC sued the promoters for advertising the merit’s of BitConnect’s “lending program” in 2017 by creating testimonials on YouTube, sometimes multiple times a day
The rule filing would have made several changes to the regulatory agency's expungement process, including establishing "specialized arbitration panels" for such requests.
Speakers during the closing session of the group's Private Client Virtual Conference this week also detailed the legislative prospects for the PRO Act, which could limit IBDs' contractor status.
SEC Chair Gary Gensler told lawmakers that special purpose acquisition companies and digital coins posed significant policy and investor-protection questions.