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Fiduciary Advocates Hail Biden's Pick for SEC Chair
As chair of Maryland's Financial Consumer Protection Commission, Gary Gensler advocated for a client-first fiduciary standard for broker/dealers as well as 'anyone who holds themselves out as an advisor.'
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Commissioners Question SEC's Agenda
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Commissioners Elad Roisman and Hester Peirce believe the agenda signals a move to undo enacted rules, calling it 'regrettable.'
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What Do Recent SEC Hires Say About Commission's Direction?
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A slate of new appointees, including investor advocate Barbara Roper, show chair Gary Gensler moving away from the traditional revolving door with industry to staff up the agency, and that could impact advisors, say SEC observers.
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Attorney: DOL's Interpretation of Fiduciary Rule More Expansive Than Ever
During a panel discussion on the new rule’s impact, one securities attorney said the DOL's interpretation on what recommendations fell under ERISA fiduciary scrutiny was “more expansive” than ever.
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Does Your Ad Comply With the SEC’s New Marketing Rules for Testimonials and Endorsements?
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For the first time in 60 years, the Securities and Exchange Commission is overhauling advertising rules that will allow advisors to use endorsements and testimonials in online marketing. The revised regulations will be instrumental for advisors hoping to attract younger clients. The rules are complex. This flowchart will help advisors keep ads in compliance.
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SEC Charges Eight Firms for Cybersecurity Shortfalls
According to the commission, the firms' faulty cyber policies and procedures didn't protect private client information after third parties fraudulently took over company email accounts.
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