Regulation
New SEC Proposal Would Limit Bulk Discounts for Exchange Trading
Exchanges would be forbidden from offering volume-oriented rebates or pricing for broker/dealer agency orders.
Tag: SEC
Regulation
Complex Products, Including Crypto, Highlighted in SEC Exam Priorities
Variable annuities, certain REITs and private holdings were other examples listed in the notice.
Regulation
Congressman Calls for Proxy Firms to Register With SEC
Wisconsin’s Bryan Steil repeated the thesis of proposed legislation at an STA conference on Thursday: Proxy firms should register and disclose conflicts.
Regulation
New IPOs Cannot Be Processed During Potential Shutdown, SEC Chairman Says
Companies cannot go public if the SEC lacks the staff to process the paperwork, and public companies may be unable to make new offerings.
Regulation
Infrastructure Fund Adviser Penalized $1.6M by SEC for Fee, Conflict Violations
The firm allegedly failed to disclose conflicts of interest and loans between funds it was advising and managing.
Regulation
SEC Tightens Fund Naming Rules
The new rule applies an 80% investment policy that extends far wider than just ESG funds.
Regulation
SEC’s Birdthistle Defends AI Proposal at House Hearing
The director of investment management said the definition of covered technology is not as broad as many fear, but that the SEC is taking comments on the proposal’s scope seriously.
Regulation
Private Equity Firm to Pay $20.5M to Settle SEC Charges of Inadequate Fee Disclosure
Prime Group allegedly did not disclose that $18 million in fund fees went to a firm wholly owned by its CEO.
Regulation
Safeguarding, AI Proposals Scrutinized by Lawmakers
Concerns about cash deposits and the definition of ‘covered technology’ dominate the criticisms of both rules.
Regulation
How Investment Advisory Firms Can Follow SEC Marketing Rule
The SEC concluded its first enforcement action under the new marketing rule last week.
Regulation
SEC Adopts Private Fund Adviser Rules Aimed at Increasing Transparency
In dissent, Commissioner Peirce said the new rules will harm investors, while Commissioner Uyeda called them ‘arbitrary and capricious.’
Regulation
Florida Fund Administrator Settles SEC Charges Over Missing ‘Red Flags’
Theorem Fund Services allegedly misappropriated and misused investors’ funds.
Regulation
SEC Charges Hex Crypto Token Owner with Fraud and Offering Unregistered Securities
Richard Heart allegedly offered more than $1 billion in unregistered digital securities and stole $12 million in investor funds, according to the SEC
Regulation
SEC Proposes New Conflict of Interest Regime for Predictive Technology
A wide range of technology would be swept up by the proposal, which forbids conflict disclosure as an alternative to elimination related to the covered technologies.
Regulation
SEC Finalizes Cybersecurity Disclosure Rules
Issuers will have to disclose ‘material cybersecurity incidents’ within 4 business days.