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.
Childfree Planning Turns Traditional Advice on Its Head
By Dinah Wisenberg BrinPeople without kids are an "underserved, underrepresented and sometimes mistreated population," advisor Jay Zigmont says.
August 27, 2024
SEC Charges Firm, CEO With Bilking Hundreds of ClientsThe firm promised guaranteed investment returns and 100% capital protection, the agency says.
August 23, 2024
Cash Sweep Clients 'Were Paid Peanuts': Ex-SEC CommissionerFormer SEC Commissoner Robert Jackson has partnered with a law firm to help underpaid brokerage customers.
August 23, 2024
Western Asset's Leech Leaves CIO Role Amid SEC, DOJ ProbesRegulators are looking into if some clients were favored over others in the allocation of gains and losses from derivatives trades.
August 20, 2024
Risks Are Piling Up for Firms' Cash Sweep Programs: ReportThe uptick in litigation and regulatory activities could entail higher costs, which might hurt advisor recruiting deals, an expert says.
August 19, 2024
Icahn Reaches $2M SEC Settlement After Margin Loans ProbeThe investigation started after a report by short-seller Hindenburg Research sent shares in Icahn's investment firm tanking.
August 16, 2024
American Portfolios Agrees to $225K FINRA FineThe firm failed to flag a client's deposit and liquidation of 330,000 shares on one day, for instance.
August 15, 2024
SEC Accuses Ex-Advisor of $300M Ponzi SchemeRussell Todd Burkhalter bought a luxury lifestyle with funds from over 2,000 investors, the agency alleges.