NFA submitted for adoption a CFTC compliance rule to implement anti-fraud, trading, and supervisory requirements for firms engaging in digital asset commodity activities.
News & Insights
The SEC Division of Examinations outlined its annual priorities for 2023. The new report includes a heightened focus on RIA regulation, private investment fund RIAs, ESG-focused investing, Regulation Best Interest for broker-dealers and the fiduciary standard for advisers.
An investment adviser settled SEC charges for failing to (i) establish effective compliance policies or a written code of ethics, (ii) conduct annual reviews for its compliance program, (iii) conduct periodic compliance training and (iv) timely file its Form CRS.
The North American Securities Administrators Association urged investors to be cautious of "finfluencer" marketing on social media.
SEC staff reminded broker-dealers and investment advisers of the obligation under Regulation Best Interest and the IAA fiduciary standard to act in a retail investor's best interest and disclose conflicts of interest.