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SEC settles charges involving fiduciary duty lapses against firm, IA rep
Both had allegedly failed to adequately consider if it was in their clients’ best interest to convert brokerage accounts to advisory ones.
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SEC’s Peirce outlines vision for keeping companies focused on maximizing value
Peirce’s prepared remarks at the Northwestern Securities Regulation Institute outlined seven principles a newly comprised securities watchdog should follow.
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Federal Judge rules American Airlines breached fiduciary duty over ESG-conscious investment
The surprising outcome sends shockwaves through an industry whose enthusiasm for ESG has diminished in recent years.
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NASAA announces $17m multi-state settlement with Edward Jones
Investigation involved 14 state regulators examining how the firm supervised the transferring of brokerage account assets into advisory accounts.
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SEC action against Lion Street offers insight into standards of care for 2025
The Reg BI case against Lion Street Financial prompts discussion about how the rule has been leveraged for more doomed-to-fail proposals.
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JP Morgan affiliates to pay $151m to resolve five SEC enforcement actions
Five SEC enforcement actions include allegations that some advisers’ recommendations were not in the best interest of clients.
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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.