The Securities and Exchange Commission has approved rules expanding reporting requirements for private investment advisors and hedge funds, according to InvestmentNews. By a 3-2 vote, the SEC adopted amendments to the disclosure requirements in Form PF which is filed...
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SEC to host conference on emerging trends in asset management
The Securities and Exchange Commission has announced that its Division of Investment Management will hold a conference next month regarding emerging trends in asset management. The inaugural conference, scheduled for May 19, will be held remotely and will be open to...
SEC releases annual report on progress in diversity, equity and inclusion
The Securities and Exchange Commission issued a 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 its Fiscal...
RBC to pay nearly $1.1 million over failures in supervising short-term stock sales
The Financial Industry Regulatory Authority has penalized RBC Wealth Management-U.S. over failures in its supervisory system, according to AdvisorHub. RBC agreed to pay nearly $1.1 million to settle FINRA’s finding that the firm failed to properly monitor unsuitable...
Robinhood to pay up to $10.2 million to settle charges over outages
Robinhood Markets Inc. has agreed to a settlement with state securities regulators over outages that occurred on its platform, Financial Advisor reports. The California-based brokerage firm will pay penalties of up to $10.2 million following allegations brought by...
