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Stories of Interest
- Deutsche Bank Is Weighing Massive Cuts in Its U.S. Cash Equities Unit
- Richard Jenrette, Co-Founder of DLJ Investment Bank, Dies at 89
- Goldman Sachs Makes First Hire in Cryptocurrency Markets Unit
- Special FINRA Election to Fill Large Firm Governor Vacancy
- Chicago-Based Investment Adviser Sentenced to 151 Months in Prison - SEC
- Dun & Bradstreet Hit With FCPA Violations - SEC
- SEC Charges Additional Defendant in Fraudulent ICO Scheme
- Warren Buffett Simply Blew it on Wells Fargo Stock: Dick Bove (Video)
- Barclays and Deutsche Bank to Lag U.S. Trading Peers
- NY AG Schneiderman Seeks to Close Loophole That Could Let Trump Pardons Block State Charges
- 'Fearless Girl' is Moving to NYSE After Year Staring Down 'Charging Bull'
- What's In Your Wallet - American Express Shares Soar After Earnings Release
- Deutsche Bank's Executive Departures Continue Following Change in CEO
- Reflections of an Economist Commissioner (SEC's Piwowar)
- Billionaire HF Manager and The Fed Chair Runner-Up are Investing in New Cryptocurrency
- Court Finds 2 Brokers Liable for Fraud Involving Mortgage-Backed Securities
- One FINRA: An Organization’s Commitment to Diversity and Inclusion
- 2018 GASB Accounting Support Fee to Fund the Governmental Accounting Standards Board
- Barclays Eyes Move Into Cryptocurrency Trading
- Goldman Breaks From Wall Street Pack with Bond-Trading Boom
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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.