The Practice: Regulatory/legal issues

• March 22, 2019

  SEC Adopts Simplified, Modernized Company Disclosure Rules

  Amendments include ability to redact certain confidential information while requiring documents to be hyperlinked.

  No Comments
• March 22, 2019

  Investment Advisors Charged With Gambling Away Client Money

  The two allegedly invested over $11 million of client money in high-risk energy investments.

  No Comments
• March 22, 2019

  Finra Says Member Fees Will Be Steady in 2019, But Doesn’t Rule Out Future Increases

  But continued reliance on reserves would lead to several years of net losses for the industry body.

  No Comments
• March 21, 2019

  House Committee to Consider Requiring More Testing by SEC Before Implementing Reg BI

  A new bill would require the commission to conduct investor usability testing of its Customer Relationship Summary form.

  No Comments
• March 21, 2019

  Ex-NBA Star Pleads Guilty to Taking Bribes from FA

  The former assistant coach at Auburn University is the highest-profile defendant in a sweeping investigation of bribery in college basketball.

  No Comments
• March 20, 2019

  Don't Get Too Comfy ... Big Surprises Could be in Store in SEC’s Reg BI, Compliance Specialist Warns

  A consumer advocate is waiting for SEC Chairman Jay Clayton to stand up to the broker-dealer industry.

  No Comments
• March 20, 2019

  Merrill Lynch's $100 Million Stock Loss Suit is Thrown Out

  Finra panel rules that the plaintiff waited too long to file a claim.

  Last Comment: March 20, 2019
  1 Comment
• March 19, 2019

  Wells Fargo Reportedly Nearing $1 Billion Sale of Retirement Plan Business

  Meanwhile, Morgan Stanley agrees to sell unit administering its alternative-investment feeder funds.

  No Comments
• March 19, 2019

  UBS Lawsuit Raises Broad Concerns Over Sunset Clauses

  Case involves a loan as part of a sweetened retirement deal.

  Last Comment: March 19, 2019
  1 Comment
• March 19, 2019

  SEC Settles with RIA and Its Ex-COO Over Alleged Auction Rigging

  They allegedly didn’t try to obtain the best possible price for the seller of a commercial real estate asset.

  No Comments