Carl Ayers
First Heartland had a conflict of interest when recommending certain money market funds to its clients: it had an incentive to recommend cash sweep products ...
The SEC has stated that a firm’s compliance P&Ps should cover business continuity plans
The LP committee should be made up of representative investors. The terms you ask them to review should be at an arm’s length and the ...
Instead of monitoring compliance with Integral’s customer-specific suitability WSPs, Ho merely directed the Integral RRs to have the Customers sign the firm’s standard risk disclosure ...
Another HJS RR recommended the purchase of over $49,000 in VRSPs to an 87-year-old customer with a moderate risk tolerance, an investment objective of income, ...
The FCA Application asked the Commission to permit certain entities regulated and supervised by both the FCA and the UK’s Prudential Regulation Authority (“PRA”) to ...
"We intend to monitor this important investor protection issue and will evaluate whether additional steps may be needed to address recidivist firms and brokers"
Coburn & Meredith also, by causing certain advisory clients to invest in share classes of mutual funds that paid 12b-1 fees, when fund share classes ...
The items listed in the Regulatory Flexibility Agenda for Spring 2021 reflect only the priorities of the Chair of the U.S. Securities and Exchange Commission, ...
"I worry that average investors may not realize that they hold stock in a shell company rather than a China-based operating company"