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.
CFP Board Standards vs. Reg BI: A Chart Prompts Industry Chatter
By Melanie WaddellMichael Kitces sparks debate on a CFP Board comparison of the two sets of standards.
July 21, 2020
SEC Nominee Crenshaw Details Reg BI Compliance PrioritiesFirms need to be held accountable when they fail to comply, Crenshaw said at her nomination hearing.
July 21, 2020
Former RIA Firm's Co-Founder Arrested, Charged in 'Ponzi-Like Scheme'The SEC also filed a complaint against the International Investment Group exec, claiming he "orchestrated multiple frauds" against investors.
July 20, 2020
Former Morgan Stanley Advisor Pleads Guilty to $6M FraudThe former rep will pay $4.4 million and could spend 20 years in prison, the Justice Department says.
July 17, 2020
Why Compliance Officers Have Even More to Worry AboutOne case has gone to an appeals court to get relief from FINRA and SEC decisions against a broker-dealer CCO.
July 13, 2020
Ex-DeVere CEO, Manager Fined for Misleading ClientsThey made "material misstatements and omissions" about the benefits of overseas pension transfers, the SEC says.
July 13, 2020
App Developer Agrees to Pay $150K Over Security-Based SwapsCalifornia firm Abra and affiliated Philippines company Plutus weren't registered and used a blockchain instead of an exchange, SEC says.
July 13, 2020
Ex-Merrill Broker Denied Early Prison ReleaseThe broker, convicted of securities fraud, had requested release on the grounds of his health issues and COVID-19 concerns.