SEC Staff Issues Bulletin on Duty of Care
A new SEC staff bulletin reiterates standards of conduct for investment advisers and broker-dealers when providing investment advice and recommendations to retail investors.
April 21, 2023
SEC Publishes 2023 Examination Priorities
The SEC’s 2023 examination priorities reflect the agency’s broader focus areas, emphasizing an adviser’s fiduciary duty to act in its clients’ best interest, cybersecurity, ESG, and compliance with the new Marketing Rule.
February 09, 2023
Tags: FinTech, Cybersecurity, ESG, Examinations, Fiduciary, Marketing Rule, Private Funds
SEC’s Gary Gensler and IAA’s Karen Barr Debate SEC Agenda for Advisers
In a conversation that touched on most of the top-of-mind regulatory issues facing advisers Karen Barr pressed Gary Gensler to recognize the important role advisers play in the lives of their clients and the unintended consequences potentially flowing from the SEC’s departure from its longstanding principles-based approach to adviser regulation.
October 19, 2022
Tags: Cybersecurity, ESG, Fiduciary, Gary Gensler, Karen Barr, Policy & Leadership Forum, Reg BI, SEC
SEC Compliance Outreach Program Scheduled for November 15
The SEC has scheduled a Compliance Outreach Program for advisers and funds on November 15, 2022.
September 22, 2022
Tags: Compliance, ESG, Fiduciary, Form CRS, Marketing Rule, Mutual Funds, Private Funds, SEC Examinations
SEC Staff Issues Bulletin Regarding Adviser and Broker-Dealer Conflicts of Interest
SEC staff Bulletin on how standards of conduct should apply in identifying and addressing conflicts of interest.
August 04, 2022
Tags: Conflicts of Interest, Fiduciary, Reg BI
SEC Chair Gary Gensler has confirmed that staff guidance is forthcoming on conflicts of interest, alternative investments, and cost.
July 12, 2022
Tags: Fiduciary, Gary Gensler, Reg BI, SEC
The ERISA Fiduciary Advice Exemption
Compliance with the DOL fiduciary advice exemption is now required if making a recommendation to roll assets out of an ERISA plan.
June 23, 2022
Advisers Are Permitted to Use the Word “Fiduciary” in Form CRS
Advisers are permitted to use the word “fiduciary” in their disclosures, including new Form CRS, contrary to recent press reports that seem to imply otherwise. The IAA received this confirmation...
June 20, 2019
SEC Fines Adviser for Breach of Fiduciary Duty
The SEC has settled charges against a registered investment adviser for breach of fiduciary duty to clients for failures regarding conflicts disclosure, best execution, and duty of care.
March 07, 2022
Tags: Fiduciary, Revenue Sharing, SEC Enforcement, Share Class Disclosure
2022 IAA Policy Outlook: Changes Ahead, Changes Behind
IAA President & CEO Karen Barr on the association and industry’s 2021 highlights — and a look forward at what’s to come in 2022.
January 10, 2022
Tags: Fiduciary, Form CRS, From the President & CEO, IAA Policy, Karen Barr, Proxy Voting, Sustainable Investing