Senate Hearing Highlights Senior Scams and New Institutions to Combat Them
An advisory group on preventing senior scams was highlighted in a Senate hearing Thursday that discussed the broader issue of...
Tag: Securities and Exchange Commission
BNY Mellon Affiliate Settles SEC Charges Over ESG Statements With $1.5 Million Penalty
First ‘greenwashing’ case hints at more enforcement to come.
Pensions Will Recoup Losses From Allianz Structured Alpha Investments
Following an SEC settlement, most of the U.S. business of Allianz Global Investors will transfer to Voya Investment Management.
SEC Proposes New Money Market Fund Rules
The proposed amendments are designed to address potential runs on money market funds during times of market stress.
SEC Proposes Rule to Increase Securities-Lending Market Transparency
The Dodd–Frank Act mandated that the agency increase transparency regarding the loaning or borrowing of securities for brokers, dealers and...
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...
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...
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...
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...
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 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...
SEC Proposes Rules for Risk Mitigation of Security-Based Swaps
The Commission is requesting comment on how certain aspects of the proposed rules address how a security-based swap data repository...
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...
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.
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SEC’s Equity Compensation Reporting Rule Change Presents Opportunity for Employers
According to one experienced capital markets attorney, the SEC’s move this week to amend Securities Act Rule 701 is an important one...
SEC Seeks Employer Input on Equity Compensation Arrangements
The SEC recognizes that, "the American economy is rapidly evolving, including through the development of both new compensatory instruments and...