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Adviser fined $10k for moving funds without proper authorization
Move was sparked by fears of collapse in the wake of Silicon Valley Bank failure.
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SEC charges FlowPoint principal for breaching fiduciary duty to private funds
The SEC charged the adviser and principal with making misleading statements to Investors and breaching its fiduciary duties to private funds.
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Banks and brokerages face SEC probe over interest payments
Practice of sweeping client cash into accounts paying almost no interest under scrutiny.
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FINRA Annual 2024: Industry execs take on Gen AI, Reg BI, WFH and more
At the FINRA annual conference, industry executives talked about how SEC and FINRA rules work in practice.
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DOL finalizes fiduciary duty rule to weed out conflicts, bad retirement advice
DOL’s new fiduciary rule is out and will subject many new financial planners and insurance agents to the Employee Retirement Income Security Act.
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Robinhood settles with Mass. regulator over its ‘gamification’ features
Robinhood will overhaul its practices to resolve allegations that it encouraged inexperienced investors to place risky trades.
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NYC pension case tees up first test of GOP fiduciary duty theory
All eyes are on a US legal clash that could rule ESG considerations a breach of fiduciary duty.
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SEC seeks information from IAs about their use of AI tools
The SEC’s examinations division sent requests for information on AI-related topics to some investment advisers.