SEC Fiduciary Rule to Include ‘Deep Economic Analysis’: Chief White
The SEC’s uniform fiduciary proposal for brokers and advisors will include plenty of research on the rule’s impact on retail investors.
SEC’s Aguilar to Leave by Year End
SEC Commissioner Luis Aguilar announced that he will be leaving his post by the end of December.
FINRA CEO Richard Ketchum to Retire in 2016
Ketchum's announcement comes as a new fiduciary proposal and crowdfunding rules are in the spotlight.
UBS to Pay $19.5M Over Structured Notes
SEC says this is the first case involving these products and faulty disclosures; it affected 1,900 investors, who lost $5.5 million.
Folio Signs Up to Sell NextShares
Folio will be the first BD to offer Eaton Vance's exchange-traded managed funds; 11 asset managers, including ALPS, have signed on to launch NextShares.
Sons of Indicted Swiss Financial Adviser Keep Business in the Family
After his indictment, Josef Beck’s directors formed another company to manage money for American citizens, records show.
Photographer: Jason Alden/Bloomberg
A few weeks after his indictment, Josef Beck’s directors formed another company to manage money for American citizens, records show
Guggenheim, the SEC and Milken's Shadow
Did the former junk-bond king act as an investment advisor? Regulators seem to have spent two years investigating just that.
Guggenheim Unit to Pay SEC $20M Over Compliance Failures
The group failed to disclose an executive’s $50 million loan from a client; staff took “dozens of trips” on clients’ planes.
PIMCO’s Latest Woes: The Good, the Bad & the Ugly
The SEC is looking at “odd lot” pricing of non-agency MBS, which is no simple matter, says a Morningstar researcher.
Pimco Gets Wells Notice Over Total Return ETF Valuations
Regulators are looking at positions in mortgage-backed securities, performance disclosures and other matters.