SEC Talks Crowdfunding, Grapples With Accredited Investor Rules
More than 60 offerings have been held since the crowdfunding rule took effect in May, said SEC chief Mary Jo White.
DOL Fiduciary Guidance Coming Soon
At an IMCA conference, DOL's Timothy Hauser answered some advisors' questions about the rule and said more guidance was coming "fairly shortly."
Vanguard’s Brennan Elected New FINRA Board Chairman
Jack Brennan and new FINRA CEO Robert Cook will replace Richard Ketchum on Aug. 15
SEC Charges Advisor With Overcharging in Wrap Fee Program
As subadvisor, RiverFront's "trade away" volume caused clients to incur millions in transaction costs, the SEC said.
BD Lobby Group to Fight New Financial Transaction Tax Bill
Rep. Peter DeFazio introduced a bill Wednesday that would levy a tax on most financial trades. FSI has made it a "top priority" to fight similar bills in the states.
SEC Launches Exam Sweep of Advisors' Share Class Picks
The Share Class Initiative targets mutual fund and 529 plan share classes with substantial loads or fees, including 12b-1 fees.
Morningstar, ARA Deliver Fiduciary Education Program
The program "sets a new standard for fiduciary practices that goes beyond the mere letter of the law," says ARA head Brian Graff.
Former SEC Chief Walter Joins Investor Advisory Committee
SEC named three new members to its Investor Advisory Committee, including former SEC Chairwoman Elisse Walter.
Justice Dept. Defends DOL Fiduciary Rule
The DOJ is urging a Washington federal judge to reject NAFA's DOL fiduciary rule challenge.
DOL Fiduciary Hearing in Texas Set for Nov. 17
The federal judge in Texas overseeing the three lawsuits filed in the state against the DOL's fiduciary rule will hear oral arguments from both sides.