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.
SEC Finds Wrap-Fee Failures in Advisor Exams
By Melanie WaddellAfter exams of more than 100 advisors' wrap-fee programs, an SEC Risk Alert reports numerous deficiencies.
July 19, 2021
SEC Delays $9M Payout for Investors Harmed by VIX Futures MispricingIts enforcement division needs more time to to locate and verify contact information for investors and compile investor records.
July 14, 2021
Pete Driscoll, SEC Exam Chief, to DepartDriscoll leaves the SEC as the agency conducts Phase 2 Regulation Best Interest exams.
July 13, 2021
TIAA to Pay $97M for Pressuring Investors Into RolloversAdvisors pushed rollovers from retirement plans to managed accounts with higher fees, according to the SEC and NYAG.
July 12, 2021
Kestra to Pay $10.3M Over Undisclosed Mutual Fund CompensationKestra advisors failed to disclose compensation received by their BD when investing client assets in certain funds, the SEC alleged.
July 09, 2021
Securities America to Pay $1.75M for Failing to Protect Clients From Ponzi SchemeAn independent RIA was able to take $8 million from at least 15 clients of the Advisor Group subsidiary, the SEC says.
July 09, 2021
Biden Targets Competition in Tech, Health Care in Sweeping OrderThe executive order aims to boost competition in the drug industry, banking, technology and other sectors.
July 08, 2021
SEC Mulls More Disclosure for ESG FundsThere's "a huge range of what asset managers might mean by certain terms or what criteria they use," Chairman Gensler says.