Best Execution

"If adopted, it would help ensure that brokers have policies and procedures in place to uphold one of their most important obligations: to seek best ...

"The proposed rule provides a handy checklist for SEC examiners and enforcement attorneys, but it does not foster brokers’ exercise of judgment to achieve what ...

"Redundant regulation will increase costs without corresponding benefits to investors"

"I’ve asked them to make recommendations for the Commission’s consideration around a potential SEC-level Best Execution rule. I’ve also sought recommendations around how to instill ...

After 2019, Aventura Capital continued to revise its disclosures with respect to its conflict of interest concerning 12b-1 fees, but Aventura Capital’s revised disclosures did ...

"I’ve asked staff to make recommendations for the Commission’s consideration around how we might update Rule 605 so that investors receive more useful disclosure about ...

These disclosures that commission rates charged “may” not be the “lowest,” the “absolute lowest,” or even “not the lowest” failed to fully and fairly disclose ...

The certification shall identify the undertakings, provide written evidence of compliance in the form of a narrative, and be supported by exhibits sufficient to demonstrate ...

FRIM had a conflict of interest when it recommended money market funds available as Sweep Account options

Although neither HighPoint nor its IARs received the 12b-1 fees paid to the Clearing Firm, HighPoint and its IARs had a conflict of interest when ...