A chief compliance officer (“CCO”) for a registered investment adviser (“RIA”) found himself barred from any compliance or supervisory role in the future because he willfully refused to fix a
Continue Reading CCOs Acting Like Ostriches Will Earn You an SEC Bar
The SEC recently put out an Investor Bulletin on wrap fees. Although this guidance is steered toward consumers, there are lessons to be learned by firms who offer such programs.
Continue Reading Takeaways From The SEC Investor Bulletin On Wrap Fee
The SEC recently announced an enforcement initiative that will target retail investor harm. The agency’s task force will use data analytics to find widespread problems regarding fee disclosures and unsuitable
Continue Reading So The SEC Is Now Focused On Retail Investors
The SEC has recently issued an Investor Alert regarding commentary provided about investors from what appear to be independent sources. It turns out, many of those independent sources are
Continue Reading When Independent Commentary Isn’t
The SEC recently published its latest investor bulletin. The SEC publishes these from time to time to bring awareness to the investing public on certain issues.
The current bulletin notes
Continue Reading What Should You Take Away From The SEC’s Investor Bulletin
Last week, the Securities and Exchange Commission proposed Rule Amendments to Improve Municipal Securities Disclosures. According to the SEC, these rule amendments are intended to “improve investor protection and
Continue Reading SEC Proposes to Increase Municipal Securities Disclosures
The SEC recently issued regulatory guidance for robo-advisors. This guidance focuses on what robo-advisors must do to meet their disclosure obligations.
Among other things, the SEC has recommended robust disclosures
Continue Reading What Do The SEC and Robo-Advisors Have In Common
The Office of Compliance Inspections and Examinations (or OCIE) recently issued a Risk Alert that identified the five most frequent compliance topics that arising from OCIE examinations. These compliance topics
Continue Reading Compliance Issues The SEC Is Seeing
According to Fortune, outgoing Securities and Exchange Commission Chair Mary Jo White is refusing to delay adoption of new rules and regulations. Senate Republicans–in particular the Senate Banking Committee’s
Continue Reading SEC Chair White Refuses To Delay New Rules
Following up on our earlier report that Mary Jo White, the chair of the Securities and Exchange Commission, will step down at the end of the Obama administration, news of
Continue Reading More Departures Announced by Top SEC Officials