Financial regulations

The change bars money managers from using some types of business entities to take advantage of an exemption to rules laid out in the 2017 tax law.

If planners can navigate data security and compliance concerns, the app can connect them with a huge new audience.

The current proposal “would lead to worse outcomes for plan participants as plan sponsors shied away from assessing ESG risks in selecting investments,” the research firm says.

“The primary drawback of fewer hedge fund filings is lack of clarity around crowding risk,” strategists from the firm write.

Almost 90% of smaller fund managers would no longer have to report their investments and their firms would save $136 million a year, the agency estimates.

The rep defrauded clients with promises of a “lucrative investment” tied to the popstar that would also “help needy people,” according to regulators.

The price hikes would come as early as 2022, and follow a budget deficit in 2019.

As the industry pushed to comply with the fiduciary rule, new issues emerged.

The court has suggested that federal law bars awards from going further, blunting a legal tool that critics say the agency has abused.

Many financial advisors aren’t aware of serious conflicts of interest affecting the majority of retail clients, Northeastern University Professor Nicole Boyson says in a Financial Planning Podcast.

One French trade group reports that the country’s managers reduced research budgets by as much as 75% between 2017 and 2019.

Firms are spending millions to comply with a controversial rule that is facing a legal challenge while state regulators push their own stringent regulations.

XY Planning Network and coalition of states are asking court to overturn advice regulation they say holds brokers to lesser standard.

Only a firm “actively swindling funds” would trigger an onsite visit, according to Peter Driscoll.

Regulatory relief applies to advisors and investment funds but the commission stresses that fiduciary obligations still apply.

Senior officials are growing wary of how firms are trying to recoup revenue amid the "race to zero" commissions.

Guidance on new advice rules coming this month as OCIE and enforcement divisions struggle to expand oversight with limited resources.

"If rules are too broad or vague, we may end up circumscribing conduct that we never intended to capture,” Commissioner Allison Herren Lee said.

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.