SEC: Enforcement

Betterment failed to provide advance notice of certain material changes to its advisory contract in violation of its fiduciary duty as an investment adviser

The decision leaves unresolved the constitutionality of the SEC ALJ setting, setting the stage for the issue to percolate once again up to the High ...

The case provides three errors to avoid when it comes to disclosing revenue sharing arrangements

A federal judge lays out the legal foundation requiring advisers to disclose conflicts

'The dam is broken'

The letter focuses on e-communications and sheds more light onto authorities’ interest in firms’ use of new communications platforms

Regulators want funds to know there's nowhere to hide

'Compliance and marketing teams are in a challenging spot...'

'Just because a crypto trading platform claims to be a qualified custodian doesn’t mean that it is'

It “is unlikely that the firm principals will ever be repaid for these funds,” the government wrote