Groups Urge SEC to Update Broker Electronic Retention Rule
WORM storage “is not an effective business continuity or cybersecurity defense tool,” trade groups warn the securities regulator.
SEC Finds Widespread Compliance Failures Among Municipal Advisors
A risk alert details “frequently observed deficiencies” in the areas of registration, books and records, and supervision.
House Passes Bill Requiring Safeguards on Trading Data
The CAT system, which tracks market activity, was scheduled to launch soon but exchanges are reportedly seeking a delay.
‘Mini-Rothification’ of 401(k)s Could Be Added to Tax Bill
Retirement industry lobbyist Brian Graff blasted a proposal to apply Roth treatment to all catch-up contributions.
4 Ways Senate Tax Bill Hurts Retirement Plans
Capping an important benefit for the highest earners sets a dangerous precedent, says ARA's Brian Graff.
House Panel Passes Tax Plan as Senate Readies Tax Bill Release
The House bill includes some last-minute amendments, including a lower rate for some small-business income.
FINRA Bars Broker Who Ripped Off Blind, Elderly Widow
Hank Mark Werner received commissions for recommending that a client purchase an unsuitable variable annuity.
SEC Creating Searchable Database of Bad Brokers
The site “will be particularly valuable” for spotting fraudsters who have been stripped of their registrations, SEC Chairman Clayton said.
SEC OKs FINRA Rule on Capital Acquisition Brokers’ Pay-to-Play Activities
Government plan solicitors can “continue their activities on behalf of RIAs by submitting to the lighter CAB regulatory regime,” says Cipperman.
SEC Warns Against Paid-to-Click Ad Scams
“Be skeptical if you are offered high returns for buying advertising products or clicking on online ads,” said SEC's Schock.