SEC

Clients overpaid more than $12 million because of operating flaws and coding failures in an automated device advisors relied on for executing mutual fund orders.

Sixty-six SEC whistleblowers were awarded $387 million for a “job well done,” according to the commission's whistleblower attorney Stephen Kohn.

The SEC's recently passed ETF modernization rule is just one regulatory change industry leaders expect will impact asset management in the years ahead.

The agency floats proposal to expand regulations to accommodate new online channels, allow for third-party ratings and testimonials.

The court is taking up a challenge to one of the agency’s most potent legal weapons.

The regulator was allegedly inquiring about whether incentives at an firm unit rewarded salespeople for pitching higher-cost products.

The regulator is doing more with less but also missing its own goals around how long an investigation takes to result in an enforcement case.

The authors of a PIABA Foundation study describe a system in which it’s ‘almost impossible’ to put the public’s interests first.

“We all agree a conflict could arise in the future,” Schweiss says. “There are ways of potentially dealing with that.”

The advisor advocate’s’ term, to begin in 2021, also will focus on increasing FPA membership.