SEC: Enforcement

Masella, who knew the private placement shares were illiquid and restricted, worked with Pinnacle and its principals to classify the investment as “less liquid” rather ...

"Investment advisers and broker-dealers that recommend these products must ensure that they are in the client’s or customer’s best interest"

Betterment failed to provide advance notice of certain material changes to its advisory contract in violation of its fiduciary duty as an investment adviser

The decision leaves unresolved the constitutionality of the SEC ALJ setting, setting the stage for the issue to percolate once again up to the High ...

The case provides three errors to avoid when it comes to disclosing revenue sharing arrangements

A federal judge lays out the legal foundation requiring advisers to disclose conflicts

'The dam is broken'

The letter focuses on e-communications and sheds more light onto authorities’ interest in firms’ use of new communications platforms

Regulators want funds to know there's nowhere to hide

'Compliance and marketing teams are in a challenging spot...'