SEC – Advisor's Edge https://phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Mon, 25 Sep 2023 19:01:58 +0000 en-CA hourly 1 https://wordpress.org/?v=5.9.3 https://phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png SEC – Advisor's Edge https://phoenix.advisor.ca 32 32 SEC sanctions Deutsche Bank for greenwashing, AML violations https://phoenix.advisor.ca/news/industry-news/sec-sanctions-deutsche-bank-for-greenwashing-aml-violations/ Mon, 25 Sep 2023 19:01:58 +0000 https://www.advisor.ca/?p=231118 The firm's U.S. advisory unit will pay US$25 million to resolve charges

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]]> SEC alleges Virtu failed to guard client data https://phoenix.advisor.ca/news/regulation/sec-alleges-virtu-failed-to-guard-client-data/ Wed, 13 Sep 2023 21:04:36 +0000 https://www.advisor.ca/?p=230744 Firm rejects regulator's allegations, cites political motive for action

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]]> SEC sanctions firms’ theoretical returns reporting https://phoenix.advisor.ca/news/industry-news/sec-sanctions-firms-theoretical-returns-reporting/ Tue, 12 Sep 2023 17:46:38 +0000 https://www.advisor.ca/?p=230687 Investment advisers violated revised marketing rules, regulator alleges

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]]> Private firms must follow whistleblower rules too: SEC https://phoenix.advisor.ca/news/industry-news/private-firms-must-follow-whistleblower-rules-too-sec/ Fri, 08 Sep 2023 17:47:31 +0000 https://www.advisor.ca/?p=230559 Company sanctioned for employee agreements that waived rights to whistleblower awards

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]]> U.S. brokers need work on best interest compliance https://phoenix.advisor.ca/news/industry-news/u-s-brokers-need-work-on-best-interest-compliance/ Tue, 05 Sep 2023 21:20:29 +0000 https://www.advisor.ca/?p=230407 Firms make token effort to raise standards, cling to suitability, NASAA finds

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]]> U.S. appeal court ruling could open door to crypto ETFs https://phoenix.advisor.ca/news/etfs/u-s-appeal-court-ruling-could-open-door-to-crypto-etfs/ Tue, 29 Aug 2023 20:45:14 +0000 https://www.advisor.ca/?p=230215 Grayscale Investments won its challenge of an SEC decision

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]]> SEC sanctions investor overcharging https://phoenix.advisor.ca/news/regulation/sec-sanctions-investor-overcharging/ Fri, 25 Aug 2023 16:20:26 +0000 https://www.advisor.ca/?p=230116 Back-office snafu meant clients didn't get discounts on standard fees

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]]> SEC expands FINRA’s jurisdiction https://phoenix.advisor.ca/news/regulation/sec-expands-finras-jurisdiction/ Wed, 23 Aug 2023 19:04:25 +0000 https://www.advisor.ca/?p=230036 New rule sharply narrows prop traders' SRO exemption

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]]> BMO, Wall Street firms sanctioned for app violations https://phoenix.advisor.ca/news/industry-news/bmo-wall-street-firms-sanctioned-for-app-violations/ Tue, 08 Aug 2023 15:44:17 +0000 https://www.advisor.ca/?p=229527 Regulators fined firms a total US$549 million for record-keeping failures

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]]> SEC alleges US$1 billion crypto offerings were offside https://phoenix.advisor.ca/news/industry-news/sec-alleges-us1-billion-crypto-offerings-were-offside/ Mon, 31 Jul 2023 17:30:15 +0000 https://www.advisor.ca/?p=229296 Regulator insists cryptoassets were securities, despite efforts to skirt that designation

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