When a registered representative recommends that a client buy a certain mutual fund, she used to just have to make sure that the fund fit the customer’s investment objectives. That’s what occurred under the suitability standard. Since the implementation of ...

Despite having operated under a new standard of conduct for more than a year, most brokerages continue to demonstrate conflicts of interest when making investment recommendations to retail customers, according to a new study by state regulators. The North American ...

Securities and Exchange Commission Chairman Gary Gensler is pursuing a long list of priorities that befits his reputation as an aggressive regulator. As you scroll down the agency’s latest regulatory agenda, you’ll notice pending rule proposals for climate change and ...

Financial firms must be ‘proactive’ in aligning compliance practices to meet emerging risks and Securities and Exchange Commission investor protection priorities, the agency’s new enforcement chief said this week. Gurbir Grewal, director of the SEC’s Division of Enforcement, used the ...

A recent addition to the staff of Securities and Exchange Commission Chairman Gary Gensler has one Republican lawmaker worried the agency will try to overhaul the broker standard of conduct. Rep. Ann Wagner, R-Mo., pressed Gensler during a House Financial ...

Financial firms that are failing to comply with the broker standard of conduct aren’t aligning their internal controls to meet its requirements, securities regulators said Wednesday. Now that Regulation Best Interest has been in force for more than a year, ...

Nudges from trading apps that encourage investors to buy stocks could amount to investment advice and subject the online platforms to the Securities and Exchange Commission’s broker advice standard, regulators said Sunday. SEC Commissioner Allison Herren Lee said Regulation Best ...

The Securities and Exchange Commission on Monday ordered 27 financial firms to pay a total of $910,092 in penalties in the first enforcement actions for compliance failures related to the client disclosure document known as Form CRS. The customer relationship ...

If you’re into sustainable investing, you must be thrilled with the Securities and Exchange Commission. In his first three months in office, SEC Chairman Gary Gensler has given numerous speeches about the importance of environmental, social and governance factors in ...

Fiduciary advocates are pushing the Securities and Exchange Commission to overhaul a document that is intended to help investors select a financial adviser because they say it doesn’t clarify the differences between investment advisers and brokers. The Institute for the ...