Core elements of the U.S. Department of Labor’s controversial new fiduciary investment advice rule (the “Fiduciary Rule”) became effective on June 9, 2017, despite President Trump’s February 3, 2017 memorandum ordering...more
6/15/2017
/ Best Interest Contract Exemptions ,
Broker-Dealer ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary Rule ,
Financial CHOICE Act ,
Fund Managers ,
Individual Retirement Account (IRA) ,
Investment Adviser ,
Private Funds ,
Secretary of Labor ,
Securities and Exchange Commission (SEC) ,
Trump Administration
The U.S. Securities and Exchange Commission (“SEC”) recently approved a Financial Industry Regulatory Authority (“FINRA”) proposal to adopt a new regime for the regulation of electing broker-dealer firms that meet the...more
11/18/2016
/ Acquisitions ,
Broker-Dealer ,
Brokers ,
Capital Acquisition Broker (CAB) ,
Enforcement Actions ,
Financial Industry Regulatory Authority (FINRA) ,
Fund Managers ,
Fundraisers ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Investment Company Act of 1940 ,
Investment Funds ,
M&A Brokers ,
New Regulations ,
No-Action Letters ,
Penalties ,
Portfolio Managers ,
Private Equity Funds ,
Private Funds ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Unregistered Brokers
The staff of the Securities and Exchange Commission's Division of Trading and Markets (the "Staff") recently issued a no–action letter (the "Letter")1 that provides significant new guidance with respect to the involvement of...more