Topic SEC Rule
Read about the latest U.S. Securities and Exhange Commission (SEC) rules and regulations below.
SEC: Regulation Best Interest
When I think about reading that many pages of bureaucracy inspired legalese, I think of my former colleague Rich Rudman saying that when it comes to legal writing (actually, I think he applied it to almost everything): Be Bold, Be Brief, Be God. With that in mind, we’re going to summarize the whole thing in one article that is less than 2,000 words. Here we go!
SEC Decides It's Time to Help Investors Understand the Difference between Brokers and Advisers
The SEC has finally proposed a rule that will help clarify the distinction between brokers that refer to themselves as "financial advisors" and investment advisers.
SEC Issues Proposal to Modernize the Advertising Rules
Over the years, the industry has been grappling with the limitations of the outdated rule and the SEC has been responding by issuing "no-action letters" and enforcement actions, which have done nothing more than show that "guidance" has been overshadowing the actual rule for quite some time.
IM Director's Recent Remarks on Standards of Conduct & Liquidity Risk Management
Given that the SEC recently submitted for public comment proposed rules for standards of conduct for investment professionals, Director Blass’ comments give a concise roadmap of the proposed rules.
Liquidity Is Out, ETFs Are In
The SEC’s stance on its not-yet-effective liquidity rule appears fluid, as commissioners push to abandon part of the rule and certain division heads move on to other topics.
8 Things You Need to Know About the Liquidity Rule
Learn more about the rule most people simply refer to as the “liquidity rule”, but its technical name is Rule 22e-4: Investment Company Liquidity Risk Management Programs.