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.
The Future of 12b-1 Fees
By Staff WriterOn July 21, 2010, the SEC voted to rescind Rule 12b-1 in its entirety and replace it with a new rule, Rule 12b-2. What does this...
September 30, 2010
SEC mandates plain English for investment advisor brochureIf you're a registered investment advisor, get ready to disclose more information on your Form ADV, Part 2 and to use plain English.
September 30, 2010
SEC Charges State Street Employees With Misleading Investors on Subprime MortgagesThe SEC on Thursday charged two State Street Bank and Trust employees with "misleading investors about their exposure to subprime investments."
September 28, 2010
New SEC Enforcement Unit Will Focus on Mutual Fund FeesThe SEC's Division of Enforcement has established an Asset Management Unit to focus on mutual funds, private funds and advisors, the division's director Robert Khuzami said Wednesday.
September 27, 2010
Fiduciary Forum Offers Advice to the SECTo an investor, the functions of a broker and an investment advisor look substantially the same. But are they?
September 27, 2010
At NASAA Conference: SEC to Release Dodd-Frank ‘Switch’ Details by DecemberState securities regulators had a few pressing issues on their minds associated with the implementation of the Dodd-Frank Act as they convened their annual conference in Baltimore on Monday.
September 27, 2010
Pardon My Authenticity: Fiduciary and Retail InvestorsIn his latest posting, Bob Clark explores the meaning of an "authentic" fiduciary standard, responding to a reader's call for clarification. Bob's conclusion? "In my view anyway, the existence of myriad fiduciary standards supports such a standard for brokers as well."
September 24, 2010
At Fiduciary Forum, Academics, Practitioners Share Views on How SEC Should ProceedAs the Securities and Exchange Commission (SEC) heads into finalizing its study on advisor and broker obligations--the SEC must submit its final report to Congress by February