The SEC issued a Request for Proposals (RFP) due August 24 for phase one of a major study of how regulators' rules for investment professionals affect ordinary investors. The effects of job titles, disclosures and professional roles will be scrutinized. The SEC will also focus on the Broker/Dealer Exemption Rule, 202(a)(11)-11, allowing registered representatives to provide advice to customers under "suitability" rules without having to register as an investment advisor and act under fiduciary rules…
The Financial Planning Association will have its day in court on October 5, in a lawsuit it filed April 28, 2005, versus the SEC about the aforementioned SEC Broker/Dealer Exemption Rule. Oral arguments will be heard in the U.S Court of Appeals in Washington, DC…
NYSE wants to expedite arbitration proceedings in cases of up to $200,000 by using a single public arbitrator instead of a panel of three arbitrators…
