The Securities and Exchange Commission issued its annual progress report on its mission to promote diversity, equity, inclusion and accessibility within the agency’s workforce. The efforts were summarized by the SEC’s Office of Minority and Women Inclusion (OMWI) in...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: March 2024
Supporters, opponents of proposed DOL fiduciary rule set to make final pitch
Meetings are being held over the next several weeks to discuss the Department of Labor's proposed fiduciary rule as it moves closer to being finalized, according to WealthManagement. The plan has been submitted by the DOL to the White House Office of Management and...
New York City Council considering ban on noncompete agreements
Legislation has been introduced in the New York City Council that would prohibit employers in the city from making workers sign noncompete agreements, after a similar effort failed at the state level. Noncompete agreements are clauses in employment contracts...
Judge sanctions SEC in dispute with blockchain technology firm
A federal judge has imposed sanctions on the Securities and Exchange Commission in a case involving a Utah-based cryptocurrency company, according to Reuters. Last July, the SEC petitioned for a temporary restraining order and an asset freeze against blockchain...
SEC investigating investment advisory firms over off-channel communications
The Securities and Exchange Commission is expanding its scrutiny of violations involving off-channel communications, according to a ThinkAdvisor report. To date, the commission has levied over $3 billion in fines as part of its enforcement actions over recordkeeping...
