SIFMA, ICI Balk at DOL’s State-Run Retirement Plan
As comment period closes, trade groups say the DOL plan will spur a “confusing, state-by-state patchwork of savings programs” that could lack strict federal controls.
Ex-SEC Commish Gallagher Joins Regulatory Firm Patomak as President
Former SEC Commissioner Daniel Gallagher is now president of regulatory consulting firm Patomak Global Partners in Washington.
Alt Manager Equinox Overcharged Investors, Must Repay $5.4M: SEC
Equinox Fund Management didn't follow the method it set out in its registration statement for calculating fees, the SEC says.
Steve Cohen Will Be Back in 2018. That's Good.
Since shuttering SAC, his Point72 family office has far outperformed, so maybe he’s good for the industry and investors even without the alleged insider trading.
SEC Slams RIA for 12b-1 Violations
Advisors at Everhart Financial Group "nearly always" invested non-retirement individual advisory accounts in shares that charged a 12b-1 fee, the SEC says.
SEC, FINRA Enforcement: State Street to Pay $12M Over Pay-to-Play Violations
The SEC also charged 11 former executives and board members of a now-defunct bank with fraud for hiding loan losses during the financial crisis.
Goldman Fined $15M by SEC Over Reg SHO Violations
"The requirement that firms locate securities before effecting short sales is an important safeguard against illegal short selling," said SEC's Ceresney.
What’s Up With 12b-1 Fees?
As a fiduciary for your clients, should you invest in mutual funds that levy a 12b-1 fee?
Bernanke: ‘Audit the Fed’ Bill Wouldn't Audit at All
The bill doesn't actually deal with reviewing the Fed’s financial assets and liabilities, records and operations, Bernanke writes in his Brookings blog.
DOL Fiduciary Rule Heading to OMB as Obama Gives Final State of the Union
An expedited OMB review of DOL's rule could put it out before April. Legal challenges are already being prepared.