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.
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.
SEC Issues ‘Bad Actor’ Guidance Under Rule 506
When is the issuer in a private offering required to determine whether bad actor disqualification applies?
SEC’s Aguilar Laments Slow Adoption of Reg D Protections
"Investors face greater harm" every day the SEC fails to adopt these proposals, Commissioner Luis Aguilar said.
SEC Swears In 2 Commissioners; FINRA Names New Governors
Kara Stein and Michael Piwowar, both former congressional staffers, are new SEC commissioners, replacing Elisse Walter and Troy Paredes.
SEC Pressured by Pols in IRS-Like Controversy: WSJ
The paper claims in an editorial that the agency under Mary Schapiro targeted firms for their political support.
Several notable compliance-related measures have been approved—or tabled—by the Securities and Exchange Commission, Financial Industry Regulatory Authority and state securities regulators over the past couple of months that should be on advisors’ and brokers’ radar.
SEC Lifts Ban on Hedge Fund Advertising
The new rule, approved by a 4-1 vote, was required by the JOBS Act. NASAA and ICI voiced their disappointment in the rule's lack of investor protections.
Stop Denying Investor Rights: End Forced Abitration Now
For too long, investors have been forced to "take it or leave it" by mandatory pre-dispute arbitration clauses. The time is now for this denial of investor rights to end, which is why NASAA supports the Arbitration Fairness Act.
Is Schwab’s Arbitration Win Really a Loss?
There's much backlash in Washington over Schwab's successful rebuttal of a FINRA challenge to its expanded mandatory arbitration clause.