SEC Talks Crowdfunding, Grapples With Accredited Investor Rules
More than 60 offerings have been held since the crowdfunding rule took effect in May, said SEC chief Mary Jo White.
Don’t Waste the ‘Summer of DOL’ as Fiduciary Compliance Clock Ticks
From analyzing your client base to tech updates, there's a lot to get done before April, John Gebaur of NRS says.
SEC Proposes Making Brokers Reveal Where Client Orders Go
Regulator seeks comment on ramped-up broker disclosure rules; institutions would get more information on how orders filled.
DOL Fiduciary Guidance Coming Soon
At an IMCA conference, DOL's Timothy Hauser answered some advisors' questions about the rule and said more guidance was coming "fairly shortly."
Vanguard’s Brennan Elected New FINRA Board Chairman
Jack Brennan and new FINRA CEO Robert Cook will replace Richard Ketchum on Aug. 15
Enforcement: Citigroup Fined $7M Over Incomplete Blue Sheets
In another action, Goldman Sachs was censured by FINRA and fined in two separate cases.
Credit Union Advisors Lead the Pack in Fiduciary Rule Readiness: Study
Credit unions are far ahead of other institutions in making the DOL fiduciary rule transition, according to a study by Kehrer Bielan Research & Consulting.
SEC Charges Advisor With Overcharging in Wrap Fee Program
As subadvisor, RiverFront's "trade away" volume caused clients to incur millions in transaction costs, the SEC said.
Advisors Must Tell Clients About Their Robo Use, State Regulator Says
Advisors must disclose to clients when they use robo platforms and what services those platforms provide, Commonwealth Secretary William Galvin of Massachusetts says.
SEC OKs New Rules for In-House Proceedings
Individuals and companies will have more time to prepare for hearings and depositions in certain matters.