SEC regulations

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.

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.

The commission “failed to enact a meaningful conduct rule,” state regulator William Galvin says.

The SEC examined approximately 2,180 RIAs in 2019.

Holders of Series 7 licenses, "knowledgeable" fund employees and Native American tribes would become eligible to make riskier investments in private markets.

"I don't mean to ruin your holidays, but ... " Regulators and industry insiders caution against delaying compliance efforts as the June deadline approaches.

One size fits all? The single form for disclosure of client-advisor relationships applies even if firms offer multiple products and services.

The SEC says broker-dealers may treat investment advisors as if they were subject to the AML Rule — under certain conditions.

Brokerage firms that sell the funds must determine whether clients understand their risks — a requirement that could discourage offering them at all.

What advisors need to know about revenue sharing, wrap fees and outside investors in the wake of Reg BI.

SEC Commissioner Robert Jackson Jr. said his office studied 15 years of data to assess how the firms utilized their power on hundreds of proposals.

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.

Rather than disclosing their portfolios every day like conventional ETFs, the nontransparent products will reveal their holdings at least once a quarter.

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