Regulatory reform

In a letter, 18 financial services organizations note the Biden Administration had nearly three years to formulate its proposal for retirement advisors. But they get only 60 days to comment.

The policy change is meant to give others in the industry insight into what drives its ethics and compliance decisions.

NASAA, PIABA and stock exchanges argue the demise of the self-regulator would leave an unfillable hole in securities regulation.

Legal experts think these challenges to the agency's constitutionality, virtually unthinkable a decade ago, now have a chance of success.

Chairman Gary Gensler draws attention to high-profile cases over WhatsApp and other messenger communications as well as the need for crypto regulation.

A new report by the investor advocate bar finds most brokers seeking purges of past customer complaints go unchallenged by securities watchdogs and aggrieved clients.

Regulators promise to pay special attention to how firms are using technology to not only guide investments but also to protect client data.

Regulators are likley to enter into dialogue with industry about the best way to proceed.

Firms and industry groups warn that the regulator's proposal for reining in robo-advisors and sophisticated investing algorithms would step on their fiduciary duties and Regulation Best Interest.

Mandating the use of pricey arbitrators for retail investor complaints makes no sense — other than to make the process prohibitively expensive, argue two investor advocates.

Perella Weinberg's self-reporting of violations led to a much smaller fine than those imposed on other firms.

Reuters reports that federal regulators have brokered deals with two dozen firms.

The proposal comes amid the broker-dealer regulator's push for a pilot program to test out branch reviews done at a distance rather than in person.

The firm stood accused of not having policies to ensure clients' money was invested in keeping with environmental, social and governance goals.

An SEC panel meets to question who should meet the criteria for putting money into complex and possibly risky investments.

Mutual funds will have to take extra care when using terms like ESG, value and growth.

The industry group wants the federal regulator to do more to take into account how proposed regulations are likely to affect the majority of wealth managers.

State regulators discovered fewer deficiencies with investment advisors but some say they could be doing more to protect vulnerable clients.

The advisors were all charged with advertising hypothetical performance results without taking into account the particular needs of their audiences.

The changes come in response to questions that arose over the previous removal of a member from one of the regulator's three-person arbitration panels.