"The regulatory gap described, therefore, is more optical than substantive; closing it amounts to little more than grade-grubbing"
"A proposed FINRA rule could exacerbate the problem by preventing non-lawyers from getting compensated to represent investors in arbitration proceedings"
"As with the recordkeeping cases and, frankly, all our cases, we consider whether a firm self-reported and cooperated with our investigation"
"As we speak, there are investigative teams across the division poring through voluminous records to, for example, seek emergency relief to stop ongoing frauds"
"Compliance officers and their staff must remain vigilant and scan the horizon for new and emerging risks to ensure their compliance programs continue to offer ...
"The rule’s invocation of the term 'material' is a red herring"
"Rules of such broad effect should be set by the full Commission, not by staff answering only to the Chairman"
"I was surprised to learn when I came to the SEC that the Commission actually didn’t have its own best execution rule"
"I was pleased to support these amendments because they modernize a 22-year-old rule to better protect investors in a digital age"
"AI washing, whether it's by financial intermediaries such as investment advisers and broker dealers, or by companies raising money from the public, that AI washing ...