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.
New SEC Plan Says RIAs Must Vet Third-Party Services
By Melanie WaddellThe SEC doesn't recognize "how little leverage firms have over many service providers," says IAA's Karen Barr.
October 19, 2022
Cetera to Pay $9M Over 12b-1 Fee ViolationsCetera Advisors used shares with 12b-1 fees when it knew clients were eligible for lower-cost shares.
October 18, 2022
SEC Gets 9 Final Judgments in Scheme Bilking Pro Athletes, AdvisorsThree of the defendants have been sentenced to prison.
October 14, 2022
Wells Fargo Earnings Marred by $2B Reg Charge"We remain at risk of setbacks as we work to complete the work and put these issues behind us," CEO Charlie Scharf said.
October 13, 2022
SEC Issues FAQ on Fiduciary DEI DutiesAdvisors can consider factors relating to diversity, equity and inclusion when recommending other advisors, the SEC says.
October 12, 2022
SEC Votes to Modernize How BDs Can Preserve Electronic RecordsBDs will no longer be required to preserve records exclusively in "write once, read many" format.
October 12, 2022
Why the SEC Should Default to E-DeliveryInvestors prefer electronic delivery of documents, and it's secure and easier to maintain than paper.
October 12, 2022
Ex-RIA Comptroller in Father-Daughter Ponzi Scheme Gets 6-Year SentenceThe former comptroller's father, an ex-Securities America broker, was previously sentenced to 13 years in prison.