The SEC and three other regulators requested comment on a proposed policy statement that would establish joint standards for assessing the diversity policies and practices of the entities they regulate.

The diversity measures are required by Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  In a joint release, the

In an Investment News article written by Mark Schoeff, he reported that the push for a uniform fiduciary standard for broker-dealers and investment advisors has become a bit stagnant. In fact, it was reported that the prospects for such a uniform rules have waned over the years notwithstanding the general consensus that there should

According to the SEC, the Dodd-Frank Act does not require the SEC to bring an enforcement action within 180 days of issuing a Wells Notice.  See

Although the Dodd-Frank Act amended the Securities and Exchange Act of 1934 Section 4E(a)(1) to require the SEC to bring the action within 180 days, the SEC

The Dodd-Frank Act directed the SEC to study whether broker-dealers should be held to a fiduciary duty standard rather than the lower “suitability” standard.  Advocates for the fiduciary standard claim that customers are often under the misconception that they are dealing with a professional obligated to put their interests first.  Many broker-dealers have argued that

What’s good for the goose is apparently not so good for the gander, as the SEC warns in-house attorneys against whistleblower contracts. 

The SEC has been financially incentivizing whistleblowers to bring securities fraud complaints to the agency’s attention for years, with increasing success.  The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 empowers

The DOL is working to redefine the definition of the term “fiduciary” for retirement plan purposes, including individual retirement accounts.  The SEC’s recent request for data on a possible rulemaking effort to impose a fiduciary standard seems to fail to take into account the DOL’s ongoing reform efforts.

The DOL project is broader while the

The SEC Division of Investment Management, is reviewing the applications of private fund advisers, and focusing on two particular areas: advertising and the Form ADV.

The Division’s review will be “informed” by the questions and concerns raised by private fund advisers regarding the Investment Advisers Act of 1940 application to their practices and business models.

The SEC has been routinely criticized for not completing its administrative work under the Dodd-Frank Act.  Despite this criticism, the SEC stated that it had only 4 remaining initiatives it must complete. and

The SEC must, now, reorganize the Offices of Administrative Services, Financial Management, and Human Resource, as well as create