SEC Issues FAQ on Proxy Voting for Advisors
The core of the proxy guidance is that "advisors have a fiduciary duty to vote proxies in the best interests of their clients,” IAA says.
SEC Proxy Advisory Roundtable to Discuss Conflicts of Interest, Competition
Former SEC Chairman Harvey Pitt will be among the panelists at SEC's Dec. 5 proxy advisory firm roundtable.
SEC Tightens Rule on Advisory Performance Fees
The SEC announced Thursday that it is tightening its rule on investment advisory performance fees to raise the net worth requirement for investors who pay performance fees by excluding the value of the investor’s home from the net worth calculation.
Retirement Planning: Discord With DOL
As the Department of Labor's Employee Benefits Security Administration (EBSA) prepares to move forward soon in finalizing its regulation on investment advice for 401(k)s and...
Making Compliance Headway
Four years since the passage of the SEC's "compliance program rule"--requiring registered investment advisors to adopt and implement compliance policies and procedures, appoint a chief...
Spring is here and with it, increased SEC regulation. All RIAs want to put their clients' interests first. If only compliance didn't cost advisors so...
Faced with budget deficits, many states are levyin
New Rules for New York
Beginning in January, more New York advisors will