SEC Requests Comment on Adviser Digital Engagement Practices The SEC is requesting information and public comment on the use of digital engagement practices by broker-dealers and investment advisers, including behavioral...
September 07, 2021
SEC’s Gensler Addresses FinTech Priorities Chairman Says He’s Technology-Neutral, But not Public Policy-Neutral Observing that “[n]ew financial technologies continue to change the face of finance for investors and businesses” globally,...
September 07, 2021
SEC Charges Account Takeover Victims for Deficient Cybersecurity Policies and Procedures that Expose
SEC Charges Account Takeover Victims for Deficient Cybersecurity Policies and Procedures that Exposed PII of Thousands of Clients September 3, 2021 Two SEC-registered investment advisers, four dual registrants, and...
September 03, 2021
Tags: Cybersecurity, SEC Enforcement
New SEC Share Class Disclosure Cases Involve Wrap Fee Programs, Expense-Sharing Agreement
Two Advisers Agree to Pay Over $3 Million to Settle Charges The SEC has fined a previously-registered adviser over $1 million for alleged breaches of fiduciary duty in connection with...
September 03, 2021
Tags: Conflicts of Interest, SEC Enforcement, Share Class Disclosure
Two SEC-registered investment advisers, four dual registrants, and two broker-dealers have paid a total of $750,000 to settle charges involving cybersecurity failures that resulted in cloud-based email accounts being taken over by unauthorized third parties.
September 03, 2021
Tags: Cybersecurity, SEC Enforcement
SEC Requests Comment on Adviser Digital Engagement Practices
The SEC is requesting information and public comment on the use of digital engagement practices by broker-dealers and investment advisers.
September 03, 2021
Tags: Digital Advice, Robo, Technology
SEC’s Gensler Addresses FinTech Priorities
Observing that “[n]ew financial technologies continue to change the face of finance for investors and businesses” globally, SEC Chair Gary Gensler used a recent opportunity to appear before the European Parliament’s Committee on Economic and Monetary Affairs to address several areas where finance and technology intersect.
September 03, 2021
Tags: FinTech, Cybersecurity, Digital Assets, Gary Gensler
We Wanted So Badly to See You in Person! It would be difficult to overstate our excitement here at the IAA at the prospect of holding our upcoming 2021 Leadership...
August 30, 2021
Adviser Pays $300K to Settle Proprietary ETF Disclosure Charges The SEC has fined a San Francisco-based digital adviser for failing to adequately disclose the adviser’s conflicts of interest relating to...
August 25, 2021