SEC
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations (such as Regulation Best Interest), enforcement actions and related activities.
LPL, Raymond James Caught in SEC's Messaging Probe
By Melanie WaddellThey are among firms facing SEC inquiries about preservation of messages stored on personal devices or apps.
February 24, 2023
Wall Street's ChatGPT Nightmare Is Over Before It Starts as Banks Crack DownBanks like JPMorgan are acting to curb use of the chatbot, and workers are quickly discovering its limitations.
February 24, 2023
Is the Sweep of Advisors' Texting Legal? — SEC RoundupThe SEC is treating advisors like they're subject to BD requirements, says Jennifer Han of the Managed Funds Association.
February 22, 2023
SEC Calls for Proceedings Against Imprisoned Ex-BrokerThe former broker was convicted of defrauding the oldest Black-owned insurance company in the U.S.
February 22, 2023
Wells Fargo Discloses Probes as Scrutiny of Messaging App Use WidensThe SEC and CFTC are investigating its retention of employee communications over unapproved messaging apps,
February 21, 2023
More Advisors Would Have Custody Under New SEC Plan. Here's How.The Safeguarding Rule would cover more advisor activities and require "extensive" new relationships with custodians, legal experts say.
February 21, 2023
Church of Jesus Christ of Latter-day Saints and Its Advisor to Pay $5M in SEC FinesThe church's investment manager, Ensign Peak, created shell companies to hide investments, the SEC says.
February 17, 2023
Ex-Boston Celtics Star Paul Pierce to Pay $1.4M to SEC Over Crypto ToutingThe NBA Hall of Famer didn't disclose that he was paid to promote EMAX tokens on Twitter, the SEC said.