SEC OKs FINRA BrokerCheck Link Rule
BDs will now have to include a "readily apparent reference and hyperlink" to BrokerCheck on their websites.
McCarthy’s Pass on Speakership Sets Up Shutdown Showdown: Andy Friedman
A December shutdown "might well be in the offing," says Friedman of The Washington Update.
SEC, FINRA Enforcement: Firm Expelled Over Kickbacks
Meanwhile, a Florida advisor was charged with fraud for pushing risky ETFs and hiding his disciplinary history.
Expats Beware: FATCA Tax Data Exchange Is Up and Running
The IRS can now exchange taxpayer information with some foreign tax administrators.
Blackstone Group to Pay SEC $39M Over Fee Arrangements
Blackstone failed to adequately disclose the acceleration of monitoring fees paid by fund-owned portfolio companies prior to the companies’ sale or IPO.
December Rate Hike Could Be Thwarted by Government Shutdown: Valliere
“I’m very apprehensive about December,” says Greg Valliere, who's now chief global strategist for Horizon Investments.
GOP Lawmakers Press DOL to Reissue Amended Fiduciary Rule
GOP to Perez: “We strongly urge you to provide stakeholders with an opportunity to review the changes” before the rule advances to OMB.
SEC Needs to Move on Fiduciary Rule, Ex-SEC Chiefs Say
At TD Ameritrade Advocacy Leadership event, ex-SEC Chairwoman Mary Schapiro said, “I feel very strongly the SEC needs to move forward” now on fiduciary.
Why SEC Is Cracking Down on 12b-1 Fees and ‘Distribution-in-Guise’
Once again, the SEC provides "guidance" to advisors in the form of an enforcement action, this time a $40 million judgment against First Eagle.
SEC Enforcement: Advisor Pushed Risky Investments in Firms He Owned
Meanwhile, the SEC fined 22 underwriting firms for muni bond fraud.