The Securities and Exchange Commission recently issued deficiency letters to almost every robo-adviser, citing shortcomings in how those companies are managing portfolios and disclosing conflicts of interest, which could signal future enforcement actions in the months and years to come.  ...

In observance of the 20th anniversary of the September 11 terrorist attacks, the InvestmentNews team has written a series of reports looking at how the financial industry has changed in its aftermath and been preparing for the next 9/11 event. ...

An overhauled marketing regulation for investment advisers ranked as their primary concern related to regulatory compliance in a survey released late last week. The Securities and Exchange Commission approved the new marketing rule in December, and it became effective on ...

The Securities and Exchange Commission on Monday ordered eight financial firms to pay a total of $750,000 in fines for deficient cybersecurity protections that led to the exposure of client and customer information at various times over the last four ...

Employers are increasingly aware of the cybersecurity threats facing their 401(k) plans, and some are seeking insurance coverage specifically for that. It’s an issue the Department of Labor is watching. Earlier this year the regulator issued guidance for plan fiduciaries, ...

A man who helped siphon hundreds of thousands of dollars from Texas retirees was sentenced last week to eight years in prison. Olumide Morakinyo, 38, a Nigerian national who was living in Canada, was found guilty in U.S. District Court ...

The $35.4 trillion in total retirement assets in the U.S. are at risk of account takeovers and fraud as cybercriminals have been actively targeting retirement savings, according to the Spark Institute. On Wednesday, the retirement organization’s data security oversight board ...

The recent string of ransomware attacks on multiple companies, including the attack by DarkSide on the Colonial Pipeline, highlights how crippling these types of cyberattacks can be on a business.  Wealth managers, for one, make easy targets because they publicly ...