The case demonstrates that Finra has more latitude to purse excessive trading violations, says a former head of enforcement.
The SEC is extending the comment periods on 11 rulemaking proposals and one request for comment due to problems with the electronic comment form on the agency’s website.
Hitting the sweet spot between taking advantage of new marketing opportunities and staying in compliance with the SEC marketing rule will be a big challenge for advisers.
The North American Securities Administrators Association is working on a model rule that 'mirrors' the SEC regulation.
Groups like XY Planning Network and the CFP Board view a document from the state's Division of Securities as undermining fee-for-service models.
The regulator says the firm didn't search the market to see if it could find better prices for customers, in a case that's another example of the regulatory crackdown in this area.
Comments from the Chamber of Commerce focused on making enforcement fairer, while organizations disagreed about who should be eligible to participate in private markets.
The lack of Democratic support likely would keep legislation on using alternatives in retirement plans out of the Secure 2.0 mix.
The self-regulator formally removes the $310,000 ceiling on the fines that can be imposed on midsize and big brokerages.
She takes the helm of the agency that oversees employee retirement plans as it is writing another iteration of an investment advice rule.
