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.
The plan includes an extension of jobless benefits, another round of direct household payments, money for state and local governments and an expansion of vaccinations and virus-testing programs.
Peter Driscoll, the SEC's Division of Examinations director, said some firms had not responded to the commission even after multiple attempts to reach them.
SEC Commissioner Hester Peirce says the agency should put out more guidance before taking enforcement action on ESG and climate risk disclosure issues.
After some doubt, the SEC's final rule allowing client testimonials will go into effect May 4. "I’m sure there’ll be people who want to press it and hit the gas pedal."
It is the latest in a string of initiatives from the commission focused on climate risk, and some commissioners argued it would be 'prudent' to wait for the results of other ESG-related reviews.
Keith Gill, who became a central figure in the 'Reddit rebellion' and rise of GameStop shares in January, worked with MML Investors Services, a broker/dealer subsidiary of MassMutual.
President Joe Biden's SEC chair nominee testified before the Senate banking committee on issues, including climate risk disclosures, no-fee trading platforms and 'regulation by enforcement.'
Every time financial markets stray from their core purpose of allocating sources of capital to productive uses in the real world, we get ourselves and each other into trouble.
Christopher Fulco was sentenced to three years in prison after pleading guilty to wire fraud, mail fraud and securities fraud in Montana federal court.