Will SEC Fiduciary Rule Address ‘Best Execution’ Quandary? Probably Not
While rulemaking would be the best approach, the SEC will continue to address through enforcement advisors' fund share class selection and so-called “best execution” duties.
Social Security a Top Concern of Iowa Caucus Goers: AARP
Poll shows that more than nine in 10 Iowa caucus goers want presidential candidates to have a plan for the future of Social Security.
Enforcement: SEC Awards Company Outsider $700,000 Whistleblower Award
Meanwhile, FINRA fines Capital Securities Management and orders firm to pay restitution over sales of reverse-convertible notes to seniors.
SEC Crowdfunding Rules Take Hold in May
Funding portals can start registering later this month, Chairwoman Mary Jo White says.
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.