Conflicts of Interest

It’s been 13 years in the making but the SEC has taken a step toward promulgating a Dodd-Frank era rule that would seek to prevent ...

Firm failed to "fully and fairly" disclose conflicts tied to revenue sharing payments and incentives received from two clearing brokers

"I have concerns whether today’s rule proposal correctly strikes this balance. Thus, comments from market participants will be especially important in consideration of any final rule"

"As we were all witness to in 2008, these intermediaries might be incentivized to, essentially, bet against the performance of an asset backed security that ...

"I apologize for the proposal’s unnecessarily short comment period, which continues a troubling pattern in the face of public and Congressional concern"

"As directed by Congress, today’s re-proposed rule would prohibit so-called securitization participants—those who sell or facilitate the sale of an asset-backed security—from engaging in a ...

"Investors that participated in the securitization bubble had been misled to believe that their assets were being selected by an independent third-party. But in reality, ...

Public shareholder votes 'nearly irrelevant,' Delaware judge rules

Moors & Cabot failed to fully and fairly disclose in its brochures or otherwise material information related to its own disciplinary history, as well as ...

SEC states investors must be able to know the advice they receive is free of undisclosed conflicts, regardless of whether the conflict is financial in ...