Compliance Newsflash –September 18, 2019

September 19, 2019

SEC continues to see problems with advisers selecting too-expensive share classes On September 13, 2019, InvestmentNews announced that more than 18 months after the Securities and Exchange Commission began a crackdown on inadequate mutual fund payment disclosures, the problem doesn’t … read more

Compliance Newsflash –September 11, 2019

September 11, 2019

SEC Warns Advisors to Watch Principal Trading Activity On September 4, 2019, ThinkAdvisor reported that the Securities and Exchange Commission’s exam division is warning advisors in a just-released Risk Alert to watch their principal trading activities, as the agency has … read more

Compliance Newsflash –September 4, 2019

September 5, 2019

The Countdown Is On! Building a Reg BI Compliance Program as Deadlines Loom On September 3, 2019, JDSupra reported on June 5, 2019, that the SEC adopted a package of rulemakings and interpretations designed to enhance the quality and transparency of … read more

Compliance Newsflash –August 28, 2019

August 28, 2019

SEC Clarifies Investment Advisers’ Proxy Voting Responsibilities and Application of Proxy Rules to Voting Advice On August 21, 2019, The Securities and Exchange Commission provided guidance to assist investment advisers in fulfilling their proxy voting responsibilities. The guidance discusses, among other … read more

Compliance Newsflash –August 21, 2019

August 21, 2019

Insurgent Chris Flint wins contested Finra election for big-firm board seat On August 19, 2019, InvestmentNews reported that In a contested election for a large-firm seat on the board of the Financial Industry Regulatory Authority Inc., insurgent candidate Chris W. Flint … read more

Compliance Newsflash –August 14, 2019

August 15, 2019

FINRA Pledges Resources to Support Members’ SEC Reg BI Compliance On August 9, 2019, Plan Advisor reported that FINRA has issued a regulatory notice to its members to remind them of the Securities and Exchange Commission’s (SEC) adoption of Regulation … read more

Compliance Newsflash –August 7, 2019

August 8, 2019

SEC Chairman Clayton Announces Event for Main Street Investors in Chicago On August 5, 2019, Securities and Exchange Commission Chairman Jay Clayton announced an event for Main Street investors to be held in Chicago on Thursday, August 15. Chairman Clayton … read more

Compliance Newsflash – July 31, 2019

August 1, 2019

SEC warns RIAs to increase supervision of staff with disciplinary histories On July 23, 2019, InvestmentNews reported that the Securities and Exchange Commission warned registered investment advisers Tuesday to step up their supervision of staff who have disciplinary histories. The … read more

Compliance Newsflash – July 17, 2019

July 17, 2019

SEC and NASAA Explain Application of Securities Laws to Opportunity Zone Investments On July 15, 2019, the Securities and Exchange Commission and the North American Securities Administrators Association (NASAA) issued a summary that explains the application of the federal and … read more

Compliance Newsflash – July 10, 2019

July 10, 2019

Regulation Best Interest and the Investment Adviser Fiduciary Duty: Two Strong Standards that Protect and Provide Choice for Main Street Investors On July 8, 2019, SEC  Chairman Jay Clayton stated, “As many of you know, in June, the Securities and … read more

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