Report showing trends in growth, assets may be part of greater effort to communicate with industry struggling to keep up with rapid regulatory changes
Agency bars third-party apps and text from SEC work phones to tighten security, bring agency more into line with rules it enforces on regulated companies, Bloomberg reports
To avoid offering 'legal advice" Gensler's SEC provides much less guidance, greater threat of enforcement in response to questions on compliance, she said
No word on whether SEC focus on fees will ease following change of DIM leadership and the 14th consecutive yearly drop in average equity fund expense ratios
Roberta Karmel, who broke ground for women at the SEC, NYSE and legal practice, died peacefully at home March 23
1 month ago
Avoiding SEC ‘AI washing’ penalties
Say what you do, do what you say, and document it, or suffer penalties like the $400k SEC levied on firms that exaggerated AI capabilities
SEC is too inconsistent to trust promises of leniency for self reporting, defense attorneys said; even asking questions or for new FAQs can lead to unwelcome reinterpretation of new rules, experts warn
ICI's Pan echoes other industry voices, Congress and other commissioners accusing SEC of focusing more each year on regulations that are too broad, too expensive and too focused on the wrong goals
Proposal "deserved" some vitriol, but infrastructure would still make implementing swing pricing difficult, SEC official ten Siethoff said.
The right information at the right time can help IAs help themselves with compliance, resolve conflicts with SEC