SEC

A close look at the seven letters Jay Clayton highlighted, and about two dozen others submitted to the SEC by supposedly regular people, shows they are the product of a misleading — and laughably clumsy — public relations campaign by corporate interests.

The fact that it’s impossible to track the amount of revenue sharing kickbacks demonstrates the problem, says the research firm’s lead policy wonk.

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.

The cases allege unsuitable recommendations of LPs issued by affiliates of GPB Capital, which faces multiple investigations.

In a little-noticed rule change, mutual funds no longer disclose their shrinking BD commission load-sharing payments.

He used investor money for his $6.7 million home and $3.1 million for chartering planes and personal travel, according to prosecutors.

The change, the regulator says, will facilitate greater competition and innovation in the ETF marketplace, leading to more choice for investors.

Since this March, almost 100 firms have settled with the regulator for approximately $173 million. Other cases are still pending.

In five bite-sized offerings, Chairman Jay Clayton fails to tell the public what it needs to know about RIAs vs. brokers.

The IBD’s corporate RIA didn’t require about 350 banks to provide clients the terms of its arrangement.

The regulator says it eliminated the need for providers to seek a special order from the agency before funds can be sold to investors.