The staff of the SEC Division of Investment Management withdrew 2010 guidance which reviewed the permissibility of an SEC-registered, closed-end fund determining to opt in to a control share acquisition statute authorized under state law.
SIFMA CEO Kenneth E. Bentsen, Jr. and several trade associations criticized the recently revised Massachusetts Securities Division proposed fiduciary conduct standard.
The Massachusetts Securities Division of the Office of the Secretary of the Commonwealth proposed a fiduciary conduct standard for broker-dealers, agents, investment advisers and investment adviser representatives.
SIFMA argued that the Massachusetts Securities Division should allow SEC Regulation Best Interest to be fully implemented before considering a state-specific fiduciary rule.
The Massachusetts Securities Division of the Office of the Secretary of the Commonwealth proposed amendments to the state's disclosure regulations for registered investment advisers.
The Enforcement Section of the Massachusetts Securities Division of the Office of the Secretary of the Commonwealth filed a Complaint against a broker-dealer and its agent for violating state securities laws.
A broker-dealer agreed to settle state charges concerning supervisory deficiencies that resulted in the sale of unregistered, non-exempt securities to customers.
A U.S. District Court Judge dismissed a complaint against FINRA that alleged the agency acted outside the scope of its authority concerning a disciplinary matter.
