SEC: Regulators

"The fundamental problem is that we are not examining investor protection, efficiency, competition, and capital formation in a steady state ecosystem. Rather, it is fast-changing, ...

This is known as the internet adviser exemption

Avoid describing currency holdings as only “cash” if they include foreign notes when revealing your ETF portfolios

SEC staff has observed the disclosure of some ETF portfolio holdings identify foreign currency positions only as “cash.” However, this descriptor is not an appropriate ...

"I would like to proselytize how invaluable Form PF data has been in the hands of regulators seeking to stay abreast of an increasingly complex ...

Based on the facts and representations made in your letter, we would not recommend enforcement action to the Commission under Section 17(d) of the 1940 ...

"For us at the SEC, we have a three-part mission, focused ultimately on making sure that the markets—broker-dealers, the investment advisers, so-called intermediaries in the ...

"Conflicts may arise to the extent that advisers or brokers are optimizing to place their interests ahead of their investors’ interests. That’s why I’ve asked ...

The SEC's Investor Advocate believes 'strong oversight of advisers’ third-party service providers is necessary' but is 'sensitive' to its compliance costs

"Given that most crypto tokens are subject to the securities laws, it follows that most crypto intermediaries have to comply with securities laws as well"