Several trade associations highlighted concerns about an SEC proposal to establish minimum standards for investment advisers before outsourcing certain services or functions.
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A broker-dealer settled NYSE Arca charges for failing to apply erroneous order controls in connection with the execution of a customer order.
Comments on an SEC proposal to establish minimum standards for outsourcing investment advisory services and related form amendments are due by December 27, 2022.
The SEC proposed a new rule establishing minimum standards that investment advisers would be required to meet prior to outsourcing certain services or functions.
An investment adviser settled SEC charges for failing to properly oversee a third-party contractor hired to remove, wipe and destroy decommissioned hardware containing customers' personal identifying information.