SEC Spotlights Revenue Sharing Disclosure Failures
A recent regulatory order filed by the Securities and Exchange Commission demonstrates some of the ways revenue sharing and disclosure...
Tag: SEC
New SEC Adviser Says Consumer Protection is Top Priority
Barbara Roper, who is known for her extensive work on financial services consumer protections as a leader of the Consumer...
TIAA Subsidiary’s SEC Settlement Requires Rollover Reforms
Regulators say the firm failed to adequately disclose conflicts of interest to thousands of participants in TIAA recordkept employer-sponsored retirement...
SEC Settles Charges of Cybersecurity Failure Against GWFS Equities
The broker/dealer has agreed to a $1.5 million fine, a censure and an order to cease and desist from future...
The SEC’s Retail Mutual Fund Disclosure Framework Is Changing
A new Securities and Exchange Commission proposal takes a sensible, layered approach to disclosure that takes advantage of today’s ubiquitous...
VALIC Financial Advisors Charged With Disclosure Failures
The SEC says VALIC Financial Advisors failed to disclose to Florida teachers practices that generated millions of dollars in fees...
Back to the Fiduciary Future?
Analysts say the Department of Labor is officially reinstating the “five-part test” for determining fiduciary status.
Newly Published DOL Fiduciary Proposal Matches SEC’s Reg BI
The proposed rule aligns with the SEC’s Regulation Best Interest and the Suitability in Annuity Transactions Model Regulation adopted last...
How the SEC’s Reg BI Will Affect Retirement Plan Sponsors and Participants
While participants will be affected more than sponsors, sources say it is a best practice for sponsors to know when...
Warren Asks DOL Secretary Not to Mimic Reg BI
The Democratic presidential candidate fears the DOL is considering a fiduciary rule that would permit advisers providing advice on retirement...
SEC Finds Concerns About Money Market Funds and TDFs
Among other things, the agency found some TDFs had marketing materials with asset allocation disclosures that differed from the TDFs’...
AIG Confirms Investigation of 403(b) Annuity Sales Practices
It has been reported that the SEC is investigating sales and disclosure practices at VALIC, a unit of AIG, including...
Law Firm Confirms SEC Examination of 403(b) Plan Investment Practices
A client alert says the SEC has sent letters to companies that administer 403(b) and 457 retirement plans asking for...
The Retirement Industry Needs a Top Cop’s Guidance
All of the President’s cabinet secretaries have substantial authority to promulgate, interpret and enforce regulations. The DOL Secretary, in particular,...
(b)lines Ask the Experts – Impact of SEC’s Regulation Best Interest
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning 403(b) plans and regulations.
House Blocks Funding for SEC Regulation Best Interest
Industry groups argue that the move would strip critical investor protections.
SEC Expanding Financial Education for Teachers, Military Personnel
The initiatives build on the Securities and Exchange Commission's (SEC’s) past efforts and focus additional enforcement and investor education on...
SEC Approves Final Regulation Best Interest, Form CRS
Importantly, the updated rulemaking will apply a best-interest standard to account recommendations, including rollovers from retirement plans into individual retirement...
DOL Secretary Says Fiduciary Collaboration with SEC Is Ongoing
However, when pressed by a Democratic lawmaker from Ohio, DOL Secretary Alexander Acosta was not able to provide specific details...
SEC Says Public Pension Funds Duped by County Manager
The regulator says a romantic interest led a county manager in Georgia to recommend one investment adviser over others to...