The initiatives build on the Securities and Exchange Commission's (SEC’s) past efforts and focus additional enforcement and investor education on these groups.
Tag: Securities and Exchange Commission
The regulator says a romantic interest led a county manager in Georgia to recommend one investment adviser over others to three public pension fund boards.
The Commission is requesting comment on how certain aspects of the proposed rules address how a security-based swap data repository could potentially satisfy its obligation to verify the terms of each security-based swap with both counterparties to the transaction.
ICI created a prototype of a recommended summary shareholder report, tested it, and found the majority of investors agreed that the more concise document made it easier to compare funds.
Both the DOL and SEC have a September 2019 date for a final action on corresponding fiduciary and best interest rules—could they be collaborating?
A group of investor advocacy organizations is calling on the Securities and Exchange Commission to significantly revise its adviser customer relationship summary form requirements within its broader Regulation Best Interest proposal.
The agency is also proposing more disclosure to investors about ETFs, how they work and their costs.
According to one experienced capital markets attorney, the SEC’s move this week to amend Securities Act Rule 701 is an important one and could lead to more private employers issuing equity compensation.
The SEC recognizes that, "the American economy is rapidly evolving, including through the development of both new compensatory instruments and novel worker relationships, often referred to as the ‘gig economy.’”
The SEC's complaint alleges that the former executive led a scheme to add secret commissions to securities trades performed for at least six clients of State Street's transition management business, which helps institutional clients move their investments between asset managers or otherwise restructure large investment portfolios.
Navnoor Kang allegedly used his position to direct up to $2.5 billion in state business to registered representatives at two different broker/dealers.
The Wagner Law Group says non-ERISA 403(b) plans may satisfy the definition of “retail customer” in the Securities and Exchange Commission’s (SEC)’s Regulation: Best Interest section of its proposal.
The brokerage firm will pay more than $15 million in settlement.
The agency also adopted a new rule allowing fund companies to share information via the Internet.
This would replace a pending requlation that would have required the disclosure to be made on Form N-PORT on a quarterly basis.
The SEC says Envoy Securities received at least $24,893.26 in 12b-1 fees in connection with investments in higher-fee share classes.