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.
News & Insights
The SEC Office of Investor Education and Advocacy, NASAA and FINRA issued a new investor alert on the risks associated with self-directed Individual Retirement Accounts
A dually-registered broker-dealer and investment adviser settled SEC charges for providing unsuitable recommendation on complex variable interest rate structured products to investors nearing retirement age.
The SEC Division of Examinations identified common compliance deficiencies relating to Regulation Best Interest found during broker-dealer supervisory examinations.
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.