FINRA Earnings Surge as Fines Double
The self-regulator collected more than twice the amount of fines in 2014 as it did a year earlier, though the number of fines fell.
Buddy Donohue, Back at SEC, Could Boost Chances of VA Summary Prospectus Rule
Former SEC Commissioner Troy Paredes says there's "opening for movement" on such a rule.
FSI Tells Lawmakers Why DOL Fiduciary Plan Is U.N.W.O.R.K.A.B.L.E.
FSI "fact sheet" uses each letter in the word "unworkable" to explain the current DOL redraft’s faults.
SEC Makes Its First Bust in New Data-Driven Push
Did a Wisconsin advisor cherry-pick profitable trades? SEC's simulation showed the odds that he had merely gotten lucky were less than one in a million.
PE Firm KKR to Pay SEC $30M for Misallocating ‘Broken Deal’ Expenses
“This is the first SEC case to charge a private equity advisor with misallocating broken deal expenses,” said SEC's enforcement chief.
DOL Fiduciary Foes Said to Be Writing Best-Interest Standard Bill
The Department of Labor’s plan to revamp the definition of fiduciary under ERISA is likely to face yet another legislative hurdle.
What Fiduciary Advocates Can Learn From SCOTUS Ruling on Gay Marriage
Extensive discussion, and personalization, of a once taboo topic moved public opinion before the Supreme Court ruling.
Defining ‘Best Interest’ Standard in Fiduciary Debate a Head Scratcher
Two industry trade groups and the Financial Industry Regulatory Authority came out recently with uniform best interest standards in an attempt to squelch what they say will be competing fiduciary plans to be issued by the Department of Labor and the Securities and Exchange Commission.
Does Your CCO/Senior Management Relationship Need Improvement?
The Securities and Exchange Commission has made clear that the role is one of senior firm management.
Familiar Face Returns to SEC as Two Commissioners Plan Exit
A familiar face with deep roots on Wall Street has returned to the Securities and Exchange Commission to help the agency draft its fiduciary rulemaking just as two agency commissioners are planning to exit.