Securities And Exchange Commission (SEC)
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SEC member seeks guidelines for use of in-house judges
Piwowar says agency should avoid the appearance it is using administrative law judges in enforcement cases to improve chances of success.
SEC sued for using its own judges
Investment firm seeks to block action as Dodd-Frank ripple effect seen giving SEC the edge.
SEC's White sidesteps direction for fiduciary duty
SEC chairwoman says she will push the agency this year to make a decision on whether to raise investment advice standards for brokers but once again declined to provide a timeline.
For rogue advisers, it's thirty strikes, but not out
Only penalties that make repeat offenders in the financial arena feel serious heat will deter illegal behavior.
House GOP tells SEC to improve adviser oversight
House Republicans who oversee the SEC told the agency to do a better job of regulating investment advisers — and to do it without a significant budget increase.
SEC's Michael Piwowar slams Finra data-collection proposal
Republican Piwowar criticizes Finra's plan for a massive brokerage data collection mechanism, asking whether it's a "solution in search of a problem."
Advisers identify wrong state on ADV filings
The Securities and Exchange Commission on Wednesday issued orders against three investment advisers for falsely identifying the state where they practice on their registration documents.The agency fined Craig M. Scariot, president of Wyoming Investment Management Services, $10,000 for claiming on a
Brokers do a better job at cybersecurity than investment advisers: SEC
Brokers do a better job at cybersecurity than investments adviser, according to the SEC.
Institute for Fiduciary Standard draws SIFMA fire for best practices plan
Group's 11-point guide seeks to get advisers on the same page without waiting for government rules.
Karen Barr will build on David Tittsworth's legacy at the Investment Adviser Association
With David Tittsworth departing the Investment Adviser Association, its new leader, Karen Barr, will have to turn elsewhere for entertainment for the organization's annual meeting. Over his 18 years as head of the IAA, Mr. Tittsworth, a pianist and singer, would give an after-dinner performance at
Tittsworth exits IAA after waging battles on behalf of investment advisers
After 18 years, David Tittsworth is leaving the Investment Adviser Association, a group he led during a period of expanding regulation.
Regulators bare their teeth on excessive fees
Moves this week by Finra and the SEC signal watchdogs are ready to pounce on anyone overcharging clients.
Good looks aren't everything, but it might help you attract more assets
In today's Breakfast with Benjmain, looks might help money managers land more assets, but they also tend to underperform. Plus: Darryl Strawberry's contract balance goes to the highest bidder, Florida investment manager charged with bilking $17M from clients, and a hedge fund manager uses proper ...
Norm Champ to depart SEC
Head of the agency's Division of Investment Management will leave before the end of the month
SEC puts emphasis on retirement savers in 2015 exam priorities
This year, the regulator says it will explore risks associated with increasingly popular alternative investments designed to generate high yields amid low interest rates “as investors are more dependent than ever on their own investments for retirement.”