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Disclosures

Rulemaking recommendation on new disclosure framework for variable products coming
"You should take it upon yourselves to improve communications with your investors"
A new release from the SEC’s Division of Investment Management lays out the staff’s “views” on revenue sharing disclosure while admitting it’s not altering any ...
The outcome of each case will speak to the Commission’s interpretation of how serious such offenses are and what punishment fits these violations
Proxy Voting
The authority to vote the clients’ proxies was not sought
When considering funds for the Master List and MAAP, BMO Asset Mgmt evaluated the lower-cost institutional share class for both Proprietary Mutual Funds and non-proprietary ...
The curious case of an airline baggage handler
Hefren disclosed that it would use the Clearing Broker and that clients would pay a $7.95 transaction fee for clearing and executing a trade. ...
Respondents failed to disclose that Rourke and Sherman had been contractually retained by Ecoark for three years beginning in May 2013 to provide consulting services ...
The SEC Sept. 16 charged two Prudential Financial subsidiaries with failing to disclose conflicts tied to a 2006 reorganization aimed at taking advantage of certain ...
Forms U5 offer FINRA critical insight to help the SRO identify and investigate potential misconduct and sanction individuals if warranted. That opportunity was lost when ...
You may be alarmed when you think it took the SEC 178 pages in its Form CRS rule to help you produce a new two-page ...
With fresh signs that the SEC nears modernizing its advertising rules, the NFA is beating the Commission to the punch (see related story).   The ...
You won’t find an Advisers Act rule directing you how to handle trade errors.
Form ADV, Part 2a – the brochure – includes a section on fees but the structure fails to allow easy comparisons among what advisers charge, ...
Financial Sherpa and its sole principal are now carrying the heavy weight of an SEC enforcement action and industry bar tied to a cherry-picking scheme ...
The SEC Aug. 15 released a series of videos aimed at educating retail investors on the differences between investment advisers and broker-dealers in a pre-emptive ...
The net effect of these transactions was that MVP and its personnel were paid, either directly or through the Broker, up-front fees of between eleven ...
The SEC has upheld a FINRA panel’s decision to suspend the CCO of a Syosset, New York-based broker-dealer for four months for failing to disclose ...
The SEC has charged a Massachusetts dual registrant, alleging that the firm failed to disclose a revenue sharing conflict of interest that generated some $100 ...
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