SEC

Compliance attorneys for large wealth managers outline which questions are critical in light of the substantial regulatory requirements.

Here's what advisors need to know as the agency continues remote exams.

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

The fund will track industries such as cloud technologies, remote communications and cyber security, according to an SEC filing.

Organizations and firms are donating N95 masks, providing resources at no cost and taking steps to protect employees and practices nationwide from the spreading pandemic.

FSI aims for a pragmatic approach when advocating on behalf of more than 90 independent broker-dealers and 30,000 financial advisors, Deputy General Counsel Robin Traxler says in an episode of the Financial Planning podcast.

The regulator is seeking feedback on whether the current requirements that restrict the use of potentially misleading fund names are effective.

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 relief allows funds to obtain cash infusions through collateralized loans until the end of June.

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

To hear some regulators tell it, “commission” is code for churning — but the fee-based vogue gives rise to reverse charges, writes Mark Elzweig.

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

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

“Americans need to know they have access to their money," Treasury Secretary Steven Mnuchin said.

The VanEck fund’s sell-off was so violent that it triggered the SEC’s alternative uptick rule.

“This is a demand and supply shock,” Jay Clayton said, adding that he’s concerned businesses might not have access to all the credit they need.

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

Even with staff working from home, the agency “remains able and committed to fully executing its mission," the SEC said.

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.