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.
Ex-Merrill Rep Indicted; Accused of Bilking Pastors, Churchgoers
By Jeff BermanThe former broker has been indicted on six counts of mail fraud and one count of securities fraud.
August 31, 2020
Robinhood's Dark Side: Irate Traders, U.S. ProbeOver the first half of 2020, consumer protection agencies received 400-plus complaints about Robinhood -- roughly four times more than rivals like Schwab and Fidelity.
August 28, 2020
Advisor Ad Rule Changes Coming in October: SECThe commission will take up changes to investment advisor advertising and solicitation rules.
August 26, 2020
SEC's New Accredited Investor Definition Gets Mixed ResponseSome industry players cheered the expansion, while others said it didn't go far enough.
August 26, 2020
Advisor Allegedly Fast With $2M of Client Funds Makes SEC FuriousMark J. Boucher allegedly created false accounts and said that buying a car with a client's money was "a simple mistake."
August 26, 2020
SEC Expands Accredited Investor Definition"We do not believe wealth should be the sole means of establishing financial sophistication," the SEC said.
August 24, 2020
SEC to Take Up Long-Awaited Accredited Investor Definition ChangesAnna Pinedo, partner with Mayer Brown, expects one change will be that various FINRA broker-dealer licenses will be added regardless of net income/net worth.
August 21, 2020
Prepping for SEC Reg BI Exams: What 'Good-Faith' Compliance Efforts Look LikeRegulators won't demand perfect compliance right away, but firms need to show that they're working to disclose and mitigate conflicts.