BROWSE BY TOPIC
Stories of Interest
- State Street Challenging BNY Mellon As Largest Custody Bank
- Changes to FINRA Advisory Committees: Phase 1
- SEC Approves CAT Fee Dispute Resolution Process
- Boston-Area Consultant & Friend Settle SEC Insider Trading Charges
- SEC Chair Clayton: Statement on Status of the Consolidated Audit Trail ('CAT')
- Goldman to Launch $5bn Fund with China Investment Corp.
- Wells Fargo Launches Robo-Adviser Targeting Millenial Investors
- Barclays Fails to End U.S. 'Dark Pool' Class Action
- Goldman Sachs' Chief Risk Officer, Craig Broderick, to Retire
- Time to Renew FINRA Registrations - B/D, IA, Agent, IA Rep, Branches
- New Jersey’s Next Governor Could Be a Democrat Who Worked at Goldman Sachs
- FINRA New York Region Networking Seminar - December 1st
- SEC Approves “Pay-to-Play” and Related Rules for Capital Acquisition Brokers
- Hedge Fund Giant Paul Singer Targeted for Destruction by Steve Bannon
- Saudi Arabia's arrest of Prince Alwaleed 'would be like arresting Warren Buffett or Bill Gates' in the US
- Arrest of Billionaire Saudi Prince Touches Sizable Stakes - Citigroup, Twitter, Lyft
- New York Fed President William Dudley set to announce retirement
- FINRA Arbitration Panel Rules Against ex-LPL Broker in $30Mn Lawsuit vs. Firm
- OOPS! Goldman, JPMorgan, BofA Fail in Pricing an IPO
- Former Merrill Broker Pleads Guilty to Fee Fraud, Faces Up To 25 Years
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NEWSLETTERS & ALERTS
SEC Priorities for Protecting Retail Investors
by Howard Haykin
SEC Chairman Jay Clayton has his agency focusing on measures intended to protect the retail investor. According to Financial-Planning.com, staffers will be conducting sweep exams and monitoring investment advisors and broker-dealers for compliance with recently-enacted rules and regulations - all in addition to the SEC's regularly-scheduled exams. Issues to be addressed include, the following:
- robo-advisers or automated services used to augment the provision of investment advice.
- money market fund rules adopted by the SEC to shore up that sector following the destabilizing run in 2008.
- disclosures of target-date funds.
- fixed income cross-trading relating to retirement accounts.
- adoption of home office/multi-branch office structures by RIAs, modeled after B/D structures.
- movement of disciplined brokers who exit the broker-dealer world and reemerge on the investment advisory side.
- measures taken by firms that hire brokers with disciplinary histories.