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.
Felon Who Ran Ponzi From Fraternity House Is Charged With Defrauding BDs
By Jeff BermanSyed Arham Arbab allegedly conducted the "freeriding" scheme just before starting a five-year sentence for the Ponzi scheme.
October 31, 2022
Penny Pennington Elected to FINRA Board of GovernorsFrom the enforcement of Reg BI to the implementation of new CE requirements, it's a busy time for FINRA.
October 31, 2022
Ex-Broker Sentenced to 20 Years in Prison Over Ponzi SchemePerry Santillo's 20-year sentence will run concurrently with a 17.5-year sentence he already faces.
October 31, 2022
Alaska Updates Annuity Sales StandardsThe fall elections could affect state suitability update efforts in 2023.
October 28, 2022
SEC Votes to Make Funds, ETFs Simplify Their Fee DisclosuresA new final rule standardizes the presentation of fees and expenses and encourages the use of graphics.
October 28, 2022
Execs Blast SEC's RIA Outsourcing Rule Plan as 'Solution in Search of a Problem'Forcing new vetting requirements on RIAs would be unnecessary and would increase costs, execs including Riskalyze's Aaron Klein said.
October 27, 2022
Ex-Securities America Broker Charged With Defrauding Clients of $260KThe barred broker allegedly used the funds to pay off credit cards and gamble at multiple casinos.
October 26, 2022
SEC Marketing Rule Brings New Freedom, New Requirements: Brian McLaughlinThe Orion exec discusses what advisors can do now and how to survive the upcoming SEC exam sweep.