How to Comply—and Why—With the SEC’s Rules on Regulatory AUM
Whether you call yourself a financial planner or investment manager, pay close attention to the SEC’s instructions (and enforcement actions) on counting regulatory assets under management.
DOL, SEC Fee Scrutiny Sparks Shift to Passive Investing
During the first half of 2016, the bulk of the $35 billion of net outflows from actively managed mutual fund accounts held at IBDs moved to ETFs.
Fiduciary Duty, Mutual Funds and 401(k)s: Will Asset Management Firms Kowtow on Fees?
The New York Life employees' lawsuit over the expenses of index funds in their 401(k) plan has broader implications for the asset management business.
State Street to Pay $382M Over Hidden Markups in Foreign Currency Trades
State Street set prices driven by predetermined markups and made no effort to obtain the best prices for clients, regulators say.
In Pleas to SEC, Businesses Slam Sustainability Disclosures
Businesses have pushed back against the SEC's efforts to make them disclose their environmental impact and stances on public policy matters.
Does DOL Fiduciary Rule Create a New Right to Sue?
The lawsuit by NAFA challenges the rule on six counts, but the key question is whether the rule creates a new private right of action.
Senate Shakeup Likely as Congress Up for Grabs
Some powerful committee seats could change hands after the election, analysts say. Meanwhile, there's still a budget to pass under voters' watchful, election-season eye.
SEC Launches Exam Sweep of RIAs’, Broker-Dealers’ Share Class Picks
The sweep will identify conflicts of interest in recommendations for mutual fund and 529 plan share classes with “substantial loads or distribution fees.”
Is Your Business Prepared to Handle Disruptions?
The DOL fiduciary rule has been seen as a roadblock, but RIAs are a step ahead.
SEC Proposes New Rule to Require Business Continuity Plans
On June 28, the SEC proposed Rule 206(4)-4, which would formally require SEC-registered advisors to adopt written business continuity plans (BCPs).