SEC
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations (such as Regulation Best Interest), enforcement actions and related activities.
9 Firms Hit by SEC Over 12b-1 Fees
By Melanie WaddellThe SEC gave firms a chance to self-report violations and avoid penalties. Now it's bringing cases.
September 01, 2021
SEC Orders Massachusetts Firm to Pay $700K Over Cash Sweep ConflictsCantella & Co. allegedly placed client cash into cash sweep products through which the firm collected revenue-sharing payments.
August 31, 2021
SEC Charges Advisory Firm Serving Teachers With Billing, 12b-1 Fee ViolationsCertain clients had to pay a higher advisory fee than they should have and were charged 12b-1 fees.
August 30, 2021
SEC Fines Cetera, Cambridge and KMS $750K Over Email HacksFailures in cybersecurity policies and procedures led to email account takeovers that exposed clients' personal information.
August 30, 2021
Consumer Federation of America Starts Search for Roper's ReplacementMike Canning, director of policy at NASAA, will be joining the consumer group in a consulting capacity.
August 27, 2021
Debate: Should the SEC Create an Exam for 'Accredited Investor' Status?Two professors debate a bill that would allow knowledgeable investors to qualify as accredited regardless of net worth or income.
August 27, 2021
SEC Wants Info on Advisor, BD Use of Tech That Hooks InvestorsSEC Chairman Gary Gensler says he's focused on protecting investors as technology that can influence their behavior proliferates.
August 27, 2021
Advisory Firm to Pay Nearly $2M to SEC Over 12b-1 Fees, Revenue SharingThe firm's mutual fund share class selection practices resulted in an unaffiliated BD receiving three types of fees.