Legislation And Regulation
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SEC's Aguilar frustrated at pace of Reg D protections
Expressing disappointment that action hasn't come more quickly, Securities and Exchange Commission member Luis Aguilar Thursday called on the agency to move ahead on a proposal to strengthen rules surrounding sales of unregistered securities. In July, when the SEC voted to give hedge funds,
House approves bill to ease SEC registration for private-equity advisers
Effort to thwart Dodd-Frank provision has prompted White House veto threat.
SEC puts fiduciary duty on 2014 agenda as 'long-term action'
The Securities and Exchange Commission is pursuing a rule that would raise investment-advice standards for brokers — just not in the near future. But that's enough to give fiduciary-duty advocates hope.
National Planning slammed with $6.2M arbitration award
In a dispute focused on real estate investments, the indie B-D and a former broker 'breached fiduciary duty, were negligent,' complaint says. Big award comes with split decision.
Is the SEC's new enforcement zeal for real?
Taking the pulse of the securities regulator as chief Mary Jo White continues her charm offensive, in which she's hoping to prove that her agency is no longer the lap dog of Wall Street. Given the revolving door, proof will be in the pudding.
Redefining an 'accredited investor'
The Securities and Exchange Commission should proceed with caution as it considers whether to expand the “accredited investor” standards to allow individuals who don't meet the wealth threshold to
Advisory panel calls on SEC to move fiduciary duty to front burner
The Investor Advisory Committee gives the SEC two options for a uniform standard for advisers and brokers.
Finra booted 16 rogue brokers this year, targeted 26 more for 'action'
High Risk Broker initiative led to "concentrated effort" and "material results," Finra CEO wrote in letter to Sen. Edward Markey, D-Mass.
Senators call for preservation of charitable deduction
The latest wrinkle in the fight to preserve existing tax advantages for charitable giving comes one month after a political standoff led to a 16-day government shutdown. Congress has restarted discussions about a long-term deal on debt.
Consumer group cautious about expanding definition of accredited investor
SEC looking at alternative criteria beyond wealth to determine who can invest in private offerings.
How technology made our SEC audit easier
Sheryl Rowling dishes on how technology helped her firm managed through a recent examination by the Securities and Exchange Commission. It made a difference.
SEC veteran named to lead inspections of broker-dealers
A longtime securities regulator has been named to lead the Securities and Exchange Commission's inspections of broker-dealers.
This state's advisers fumble custody requirements
Many advisers in Massachusetts who moved from SEC oversight to the state last year failed to disclose that they have custody of client assets — a result of poor understanding of custody rules.
SEC to mutual fund industry: Stop promising safety and protection
Today's Breakfast with Benjamin: The regulator tells the mutual fund industry to stop promising safety and protection. Plus, the QE government bonanza, JPMorgan's Twitter beatdown, SAC Capital trial could go inside the hedge fund.
Former Merrill Lynch broker banned for stealing $1M from clients
Banned from industry for stealing funds to invest in company, buy condo and pickup
- Facebook's five-star ratings: The end of business pages for advisers?
- Pimco's El-Erian to step in to shore up $3B multi-asset fund
- Rebound in gold suits big guns Paulson, Soros
- New 3.8% surtax means new tax strategies for business owners
- Mountain of money in nontraded REITs continues to hold Wall Street's attention
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Blaine Aikin CEO, fi360
Timothy Welsh, CFP President and Founder, Nexus Strategy, LLC
Justin Wisz Co-Founder & CEO, Vestorly