The SEC censured an investment advisory firm for failing to adequately disclose transaction costs to investors participating in a "wrap fee" program.
News & Insights
The SEC Investor Advisory Committee reviewed the current state of sustainability reporting and the reporting framework for mutual funds and other investment companies.
The SEC proposed amendments related to disclosure requirements that "may have become redundant, duplicative, overlapping, outdated, or superseded, in light of other SEC [and US GAAP and International Reporting Standards] disclosure requirements...."
The SEC proposed amendments to Reg. NMS that would require broker-dealers to (i) disclose information about how institutional orders are handled, and (ii) expand the information that is included in existing retail order disclosures.
The SEC voted to adopt amendments and guidance related to rules concerning regulatory and public security-based swap transaction reporting.