The SEC Office of Compliance Inspections and Examinations described the scope and content of initial examinations for Regulation Best Interest and Form CRS.
An investment adviser settled SEC charges for engaging in numerous principal trades without first making the necessary disclosures and obtaining the client's consent.
An investment adviser settled SEC charges for failing to timely pay back certain expenses through management fee offsets as well as related failures to disclose its practices to investors.
The SEC set September 19, 2022 as the effective date for amendments to rules governing proxy voting advice and the standards of liability that apply.
According to a new FAQ, investment advisers may consider factors relating to diversity, equity and inclusion in the selection or recommendation of other investment advisers to clients.