SEC to Start Second Round of Cyber Exams, Issues Risk Alert
"All firms should carefully review this alert to see how they would answer these questions," says Brian Rubin of the law firm Sutherland.
Outgoing SEC Commish’s Chief of Staff Named to Credit Rating Post
Smeeta Ramarathnam, Luis Aguilar's chief of staff, will work in the Office of Credit Ratings; Commissioner Gallagher plans to leave by Oct. 2.
5 New Compliance Headaches for Advisors, BDs
As Labor Day approaches, here are five big compliance developments advisors may have missed in recent months.
For Once, Two Certainties in D.C.: New SEC Commissioners, DOL Fiduciary Rule
The New Year — yes, I’m talking about 2016 already — will bring with it two certainties: A final fiduciary rule will be unveiled and new commissioners will arrive at the SEC.
The SEC ‘Hasn't Been Doing Its Job for a Long Time’: Brian Hamburger
In a wide-ranging session at the Envestnet Advisor Summit in Chicago in early May, MarketCounsel's Brian Hamburger argued that one of the main regulatory and compliance issues facing advisors is the regulators themselves.
SEC’s Former IM Director Returns to Help Craft Fiduciary Rule
Andrew "Buddy" Donohue's "deep knowledge of asset management will be especially useful" as the SEC considers a uniform fiduciary standard, said Chairwoman Mary Jo White.
SEC: CCO Should Have Active Role in Cybersecurity
While a cyberattack is not a matter of "if" but "when," catastrophic attacks are unlikely, security expert Ronald Rowe said in an ICI panel discussion.
SEC Announces Compliance Outreach Seminars
The seminars will cover hot-button issues like cybersecurity, retirement planning and dual registrants.
SEC Releases Cybersecurity Guidance for RIAs
SEC's Division of Investment Management released guidance to help advisors and funds address cyber risks.
NASAA Adopts Model Succession Plan Rules
The rules are meant to be a roadmap for states. The SEC is developing its own succession planning rules for RIAs.