Regulatory actions and programs

Unclear — or no — disclosures were among a number of concerns regulatory officials expressed about initial examinations.

The former J.W. Cole advisor’s practice allegedly sold more than $40 million worth of unsuitable and unregistered promissory notes.

The regulator would generate an additional $225 million per year from the fee increases.

Insiders see a Democratic administration backing tightened investor protections as industry advocates look to tax legislation.

The Justice Department filed two counts of wire fraud against the firm but agreed to defer prosecution under a three-year deal that requires the bank to report its remediation and compliance efforts to the government.

The Labor Department’s short comment period is one reason to get up to speed, fast.

The board is “decisively moving away” from allowing advisors to self-disclose, CEO Kevin Keller says.

It’s the regulator’s largest restitution order this year.

The change is one of several made to the board’s disciplinary reporting process following a report by an independent task force that found “systemic, long-standing, governance-level weaknesses.”

Given that I must disclose on my Form ADV that we accepted the aid, I had to ask myself difficult questions about possibly over-zealous regulatory scrutiny as well as my firm's reputation, this advisor writes.

The firm allegedly provided some clients with misleading information about which charges they were actually paying for.

For clients fortunate enough to not need them, minimum distributions are not required this year in most — if not all — cases.

My broker-dealer warned that since it’s a forgivable loan it could be seen as a compromise with creditors.

Despite coronavirus, exams on new regulatory package are going to start, the commission says in new risk alerts.

These direct payments are intended to provide direct assistance to American taxpayers who have lost wages, jobs or opportunities because of COVID-19. But there is some fine print.

Overuse of “may” instead of “will” and gauzy formulations in disclosures won’t cut it despite the halt to in-person exams, an SEC official says.

The advisor had been previously arrested at the airport prior to boarding a flight.

After resigning last year under pressure from federal policymakers, the former executive received no severance benefits or annual incentive award.

In an hour-long session, justices considered the agency's use of “disgorgement” to collect money from someone the commission sues in federal court.

A Supreme Court ruling could eviscerate one of the agency’s most potent weapons.