According to Tatyana Shumsky at the Wall Street Journal, the Securities and Exchange Commission has increased efforts to regulate the use of accounting metrics that do not conform to
Continue Reading SEC Taking a Closer Look at Non-GAAP Financial Reporting
SEC Chair to Step Down: Path Cleared for Deregulation
The latest post-election domino has fallen. Mary Jo White, the chair of the Securities and Exchange Commission, will step down at the end of the Obama administration. White announced her
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Why is Anyone Surprised with the SEC Examining Firms with Previously Disciplined Advisors?
On Monday, September 12, 2016, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) announced that a “Supervision Initiative” will take place across the country.
OCIE staff will conduct focused
Continue Reading Why is Anyone Surprised with the SEC Examining Firms with Previously Disciplined Advisors?
Is this the first shot in the SEC’s war against social media?
The SEC has repeatedly included issues around social media in its annual exam priorities for investment advisers. With the SEC’s recent release of a final rule on the subject,
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Are You Ready to Disclose Your Environmental, Social, and Governance Risks?
Back in April, the Securities and Exchange Commission sought public comments on modernizing certain business and financial disclosure requirements in Regulation S-K. In their Concept Release, the SEC noted
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The SEC Now Has A Lead Cybersecurity Senior Adviser: Now What?
The SEC recently created a new position associated with cybersecurity; senior adviser to the chair for cybersecurity (Christopher R. Hetner). Mr. Hetner has an extensive background in information technology and,
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Elder Abuse Takes Another Twist and Turn
If you thought the SEC and FINRA were serious about elder issues, welcome to the Alabama, Indiana and Vermont. Each has focused on elder abuse issues.
These states will have
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What to do about a stupid client
Anyone in a professional service business, like being a stock broker, have been faced with a client who decides to make a stupid decision. But the issue we all face
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It Is All About The Disclosures
The SEC recently commenced an enforcement action against an investment advisory firm and its principal in connection with the failure to disclose material conflicts of interest in connection with new
Continue Reading It Is All About The Disclosures
To be a broker-dealer or not to be; that is the SEC’s question
The SEC recently announced that an equity advisory firm and its owner agreed to pay more than $3.1 million to resolve charges that they improperly engaged in brokerage activity, as
Continue Reading To be a broker-dealer or not to be; that is the SEC’s question