36 BDs to Pay SEC $9M for Muni Bond Underwriting Failures
Raymond James, Merrill Lynch and Goldman Sachs were among the firms fined.
SEC’s Stein Expects Fiduciary Rule, Sees ‘Cracks’ in Registered Funds
SEC Commissioner Stein voiced concern with “cracks” starting to appear in the Investment Company Act's foundation, particularly regarding bank loans, ETFs and alternative mutual funds.
SEC Seeks Comments on Listing, Trading of New, Complex ETFs
The agency has seen a big increase in requests to approve novel exchange-traded products and is concerned about effects on retail investors.
SEC: Intrastate Crowdfunding Rules Predate Internet, Need an Update
The SEC wants to modernize the rules that govern state-based crowdfunding in order to make intrastate offerings easier, Chairwoman White says.
Sen. Warren Slams SEC Chief for ‘Broken Promises’
Sen. Elizabeth Warren, D-Mass., lambasted SEC Chairwoman White in a 13-page letter about her “broken promises” of agency action on major consumer protection issues.
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.
Talk of FINRA as Advisor SRO Rears Its Head Again
A Republican on the House Financial Services Committee said at FINRA's annual conference that he would "explore" legislation to give FINRA advisor exam authority.
Massachusetts, Montana Sue SEC Over JOBS Act
The states are unhappy with the capital-raising provisions, known as Regulation A+, which bar them from regulating some small offerings.
SEC Wants Big Form ADV Changes
The SEC has approved a plan to require advisors to provide more data on separately managed accounts, branch offices and social media on Form ADV.
SEC’s Gallagher, Aguilar to Depart as Agency Crafts Fiduciary ‘Term Sheet’
Two commissioners are planning to exit as the agency drafts a term sheet on what a fiduciary rule should look like.