Exchange-Traded (ETFs)

Because these APFS registered representatives failed reasonably to investigate VXX, they did not understand how VXX works, the risks inherent in investing in VXX, or ...

Benjamin Edwards failed to implement advisory policies and procedures reasonably designed to prevent unsuitable recommendations that their retail advisory clients buy and hold the Complex ...

Without the benefit of the training required by the firm’s policies and procedures, certain of these Summit Financial IARs had a flawed understanding of VXX’s ...

Royal Alliance also failed to implement and reasonably design existing written policies and procedures that would safeguard against unsuitable investments in such products. For example, ...

This matter concerns the adviser's failure to adopt and implement P&Ps to prevent investments in two volatility-linked exchange-traded products that were not suitable for its ...

Due to Commission rulemaking, the Division of Investment Management withdraws no-action letters issued between 2008 and 2015

The proposal is designed to alleviate concerns that fund retail shareholders currently may receive disclosure materials that are not well-suited to their needs, which may ...

Reps made buy recommendations for inverse ETFs without regard for suitability

The proposal would move “fund disclosures to the 21st century” by urging funds to use interactive and “user-friendly design features” to help investors “customize” information ...

I am concerned about the proposal’s treatment of acquired fund fees and expenses (“AFFE”). Specifically, the proposal would allow funds to exclude AFFE from their ...