SEC Launches Cybersecurity Exams of BDs, Advisors
The SEC says it has launched cybersecurity-related exams of more than 50 registered broker-dealers and RIAs.
Fi360 Urges SEC to Consider Third-Party Advisor Exams
The Securities and Exchange Commission should revisit the idea of using third-party audits to boost the number of advisor exams in lieu of assessing user fees or appointing a self-regulatory organization to conduct such exams, says fi360.
Top Cybersecurity Threats for BDs, Advisors
At SEC’s cybersecurity roundtable, officials discussed the biggest risks to BDs and advisors and urged the SEC not to prescribe “rigid” rules.
fi360 Urges SEC to Consider Third-Party Advisor Exams
As user-fees bill and SRO options stall, fiduciary advocate fi360 suggests third-party compliance reviews.
SEC Gets 26% Funding Boost Under Obama’s 2015 Budget
Chief White praised the plan, but IAA's David Tittsworth said coming midterm election make the budget “even more irrelevant than in most other years.”
SEC Starts Exam Sweep of Never-Examined Advisors
Exams will target advisors registered for at least three years, excluding private fund advisors, and focus on areas "most important to protecting investors."
IAA’s Tittsworth to Step Down
Providing a year’s notice will give “ample opportunity for the IAA Board ... to identify my successor,” David Tittsworth said.
Will SEC Spend 5 More Years Mulling Fiduciary Rule?
The SEC said Monday that it would “continue to analyze” over the next five years whether to write a fiduciary rule for brokers.
More Advisor Exams? Not Under This SEC Budget, Advocates Say
CFP Board, CFA and others say the SEC's pledge to examine more advisors will be tough to fulfill with only a $29 million increase.
Advisors Brace for More Exams in 2014; DOL ‘Game Changer’ on Horizon
Some industry officials question whether the SEC can deliver on its promise to boost the number of advisor exams in the new year.