SEC Needs More Examiners

posted in: SEC Examinations | 0

Mary Jo White, chairman of the SEC, wants to add 250 more examiners to police investment advisers, but the agency needs up to 2,000 to boost its policing of the business significantly. Adding 250 investment-adviser examiners — a priority of Ms. … Continued


posted in: SEC Examinations | 0

Securities regulators are going to try to extract admissions of wrongdoing from defendants in some of their settlements, a move that could ultimately force more cases to go to trial, Securities and Exchange Commission Chair Mary Jo White said Tuesday.

Social Media & Testimonials

posted in: Advertising & Marketing | 0

Whether a third-party statement is a testimonial depends upon all of the facts and circumstances relating to the statement. The term “testimonial” is not defined in Rule 206(4)-1(a)(1), but SEC staff consistently interprets that term to include a statement of … Continued

Identity Theft Red Flag Rules

posted in: Privacy & Data Security | 0

On April 10th, the Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) jointly approved a final rule requiring broker-dealers, mutual funds, federally registered investment advisers, and certain other regulated entities to adopt programs designed to detect … Continued