SEC Guidance on Reporting Financial Abuse of Older Adults

posted in: Alert! | 0

Seven federal regulatory agencies today issued guidance to clarify that the privacy provisions of the Gramm-Leach-Bliley Act generally permit financial institutions to report suspected elder financial abuse to appropriate authorities. The Gramm-Leach-Bliley Act generally requires that a financial institution notify … Continued

Can It Get Any Worse Than This?

posted in: SEC Examinations | 0

 The Securities and Exchange Commission today charged a father and son in Lexington, S.C., with operating a fraudulent investment program designed to illegally profit from the deaths of terminally ill individuals. The SEC alleges that Benjamin S. Staples and his … Continued

House GOP Blasts SEC

posted in: Compliance | 0

According to House Republicans, the SEC’s emphasis on regulation of private investment funds threatens to diminish its oversight of registered investment advisers. “The attention the SEC has paid to enhancing the regulatory scrutiny afforded to sophisticated investors suggests that the SEC has … Continued