This is a fundamental violation of an investment advisers’ fiduciary duty to act in the best interest of its clients, according to the judge
The final rule states that human-directed 'client-specific investment advice, even if delivered through electronic means, would not be eligible activity under the Internet Adviser Exemption'
One of the seven FAQs addresses IA recordkeeping requirements tied to T+1 transition
Check out what your peers found most valuable on our site last month
March proved to be a tough month for the SEC in two federal courts. One judge accused the Commission of “gross misconduct” and, in a ...
Here are some preventative measures you can take to help prevent similar issues at your firm
With mergers and acquisitions continuing apace in the industry, know that CCOs can play a key role whenever an advisory ownership change occurs
The last two years have seen the SEC adopt rules providing investors with disclosures on emerging risks like climate control, cybersecurity and SPACs
A lot has changed since 2003, especially with technology and the internet, so SEC commissioners have approved a new final rule revising its two decades-old ...
Cases 'should serve notice to the investment industry,' Enforcement Division Director Grewal says in video.