SEC: Rulemaking

"The proposal would eliminate the ability for internet advisers to have any non-internet clients and require that the adviser’s website or mobile application always be ...

"An exemption that was intended to be quite narrow has become broad – and broadly-misused – to the benefit of certain non-compliant advisers who may ...

"Today’s proposed amendments would require an adviser to have an operational interactive website or mobile app, to provide advice solely to clients via the website, ...

"The Examinations staff found that nearly half of those firms relying on the exemption were ineligible to do so"

"This proposal goes far beyond to encompass nearly everything. In this regard, consider that the proposed rules cover anything that is either analytical, technological, or ...

"The threshold question is whether our current rules are protective enough of retail investors, in light of technology-driven change in our capital markets. Judging from ...

'Current regime isn't working,' Peirce says

This is the SEC's new proposed rule directing IAs to gauge the potential of conflicts created by use of AI-like technologies

MMF boards will be able to delegate the administration of the new fee framework to their investment advisers

The SEC proposes to amend the B-D customer protection rule to require certain broker-dealers to perform their customer and B-D reserve computations and make any ...