SIFMA CEO Kenneth E. Bentsen, Jr. and several trade associations criticized the recently revised Massachusetts Securities Division proposed fiduciary conduct standard.
Regulation Best Interest significantly expands the obligations that broker-dealers owe to retail investors. To assist in navigating these new requirements, the Cabinet produced four new Retail Best Interest Topic Pages.
U.S. Representatives Rashida Tlaib (D-MI) and Alma S. Adams (D-NC) introduced bills that would amend the Fair Credit Reporting Act to improve consumer protections.
Five firms settled FINRA charges for failing to adequately supervise custodial accounts under the Uniform Gifts to Minors Act and Uniform Transfers to Minors Act.
The North American Securities Administrators Association identified the top five investor threats for 2020, based on input from investors, enforcement actions and investigations.
In its Annual Report, the SEC Investor Advocate identified several areas of concern for investors, including: (i) reverse factoring; (ii) dual-class share structures and (iii) LIBOR transition issues.
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.
