SEC Finds Shady Practices in BDs' Structured Product Sales
Examiners found suitability violations including heavy sales to customers who were elderly, didn't speak English or had a conservative investment objective.
Arthur Levitt: SEC Deadlocked on Fiduciary, Advisors Need DOL Rule
As the Investment Advisers Act turns 75, ex-SEC Chairman Arthur Levitt, CFA’s Barbara Roper and more discuss why the industry needs a strong fiduciary standard.
Compliance Data Analytics: Do as Regulators Say AND as They Do
Financial services firms should follow the lead of the SEC and FINRA and use more sophisticated technology tools to improve their compliance programs.
BDs Increasing Protection Against Cyber Breaches, Survey Finds
'Some firms have been the subject of benign incidents but haven’t realized it yet,' says Sutherland's Rubin.
SEC Private Fund Unit Focused on Conflicts, Real Estate Managers
"We’ve taken an investor protection view of regulating private equity," said SEC's Rozenblit.
SEC: CCO Should Have Active Role in Cybersecurity
While a cyberattack is not a matter of "if" but "when," catastrophic attacks are unlikely, security expert Ronald Rowe said in an ICI panel discussion.
SEC Urged to Beef Up FINRA Oversight: GAO
SEC is falling short on supervision of the self-regulator in three areas, GAO says.
SEC Announces Compliance Outreach Seminars
The seminars will cover hot-button issues like cybersecurity, retirement planning and dual registrants.
BDs Fall Short on Protecting Seniors: SEC, FINRA
Report finds some BDs are recommending unsuitable products to seniors and could be violating FINRA’s communications rules.
SEC Probes Whether 12b-1 Fees Are Used Properly
SEC is examining whether the rules for the fees and their disclosure are being followed and “what funds are paying intermediaries for.”