SEC Fines First Eagle, Affiliate $40 Million for Improperly Charging Shareholders
The firms used shareholder money instead of 12b-1 fees to pay for fund distribution, the SEC said. Similar enforcement actions could be in the offing.
Fair Play: The Fight Over Rule 206(4)-5
On March 14, the Securities and Exchange Commission’s “pay-to-play” rule, officially known as the Advisers Act Rule 206(4)-5, went into effect.
SEC's Blass at IAA: Fiduciary Standard Will Only Be Toughened
At IAA compliance gathering, SEC counsel Blass suggests fiduciary standard for all will only be toughened, not watered down.
The Political Realities of Broker Reregulation and the Fiduciary Standard
One likelihood on the fiduciary issue: another round of SEC studies, industry debate and probably congressional hearings lasting months or even years, says Michael Koffler of Sutherland Asbill & Brennan.
Video: Fiduciary Duty, Separation of Sales and Advice, and RIA Oversight
Tom Bradley, president of TD Ameritrade Institutional, discusses with AdvisorOne’s Kate McBride why it’s important to separate sales from advice and what his RIA clients say about who should regulate them.
SEC’s Fiduciary, SRO Studies Considered Linked, Experts Say
Although the SEC’s Fiduciary Study and the SRO Study, are separate, in the eyes of some industry experts and academics that specialize in financial services issues, the two are linked.