Favorable CRS Form User Testing Results Published by SEC
In the conclusions chapter of the report, the Securities and Exchange Commission says respondents expressed generally positive assessments of the...
Tag: SEC
ICI Argues Intermediary-Driven Fund Disclosure System Is Flawed
ICI draws the conclusion that this system means fund shareholders are paying higher costs than is strictly necessary.
ICI Makes Recommendations for Improved Investment Disclosures
ICI created a prototype of a recommended summary shareholder report, tested it, and found the majority of investors agreed that...
DOL Not Giving Up on Fiduciary Rule
Both the DOL and SEC have a September 2019 date for a final action on corresponding fiduciary and best interest...
SEC Commissioner Calls for Simpler Ways to Compare Investments
Commissioner Stein also encouraged the SEC to implement “mandatory periodic disclosures about the value of investors’ 401(k) accounts to show...
Testing of SEC Adviser Relationship Summary Form Yields Troubling Results
A group of investor advocacy organizations is calling on the Securities and Exchange Commission to significantly revise its adviser customer...
SEC Proposals Would Level the Playing Field for ETFs
The agency is also proposing more disclosure to investors about ETFs, how they work and their costs.
Former State Street Executive Convicted of Defrauding Transition Management Customers
The SEC's complaint alleges that the former executive led a scheme to add secret commissions to securities trades performed for...
Former New York Retirement Fund Employee Sentenced in Pay-to-Play Scheme
Navnoor Kang allegedly used his position to direct up to $2.5 billion in state business to registered representatives at two...
SEC Finds Merrill Lynch Traders Overcharged for RMBS
The brokerage firm will pay more than $15 million in settlement.
SEC Seeks Comments on Fund Disclosures and the Fees Charged for Them
The agency also adopted a new rule allowing fund companies to share information via the Internet.
Opinions |
Barry’s Pickings: The Possibility of a ‘Provider’s ERISA’
Michael Barry, president of October Three (O3) Plan Advisory Services LLC, discusses how the Securities and Exchange Commission’s (SEC)’s broker/investment...
Appeals Court Rejects AARP, State Arguments to Revive DOL Fiduciary Rule Process
The decision puts another layer of finality on the fate of the now-defunct Department of Labor fiduciary rule expansion, meaning...
New Conflict-of-Interest Proposal Expected from SEC
As the Department of Labor (DOL) fiduciary rule process appears destined for defeat, experts speculate about the possibility that the...
SEC Proposes Moving Public Liquidity Risk Disclosure to Annual Reports
This would replace a pending requlation that would have required the disclosure to be made on Form N-PORT on a...
SEC Deadline for Open-End Fund Liquidity Classification is Extended
However, the deadlines for creating a liquidity risk management program and to limit illiquid investments to 15% of a fund’s...
Retirement Funds Among Targets of Securities Fraud
Brokers serving retirement plans and other institutional investors were accused of routing orders for equities to an offshore affiliate in...
The SEC Forms Fixed Income Market Structure Advisory Committee
The committee's initial focus will be on the corporate bond and municipal securities markets.
Dodd-Frank, Fiduciary Rule Repeal Progresses in Congress
A bill that would repeal much of the Dodd-Frank Wall Street Reform Act and block the DOL fiduciary rule has...
Company Stock Registration Not Necessarily Required With Brokerage Window
The SEC says whether offering a brokerage window in a 401(k) through which investments in employer securities can be made...