SEC

WRN#18.04.27: SEC Proposes New Regulations for Investment Professionals

Topics: Best interest, Regulation, SEC

Moving more rapidly than was originally anticipated, the Securities and Exchange Commission (SEC) proposed a three-part regulatory package on April 18th, totaling almost 1,000 pages. These proposed changes are aimed at reforming the way that financial professionals serve retail investors, and would apply to producers selling variable annuities and other SEC-regulated securities.

WRN#18.04.20

Topics: Best interest, Regulation, SEC

On Wednesday, the Securities and Exchange Commission (SEC) proposed Regulation Best Interest, applicable to brokers and advisors, on a 4-1 vote. The proposal requires broker- dealers to act in the best interest of customers; they cannot put their financial interest ahead of retail customers. The proposal also aims to provide clarity around the fiduciary duties…

SEC v. Life Partners- Win Some – Lose Some – But Not Win Some

Topics: Regulation, SEC

On January 16th, 2014, Linas Sudzius (WRNewswire #14.01.16) wrote that “Life Partners Holdings, Inc. (“LPHI”) is a viatical settlement company which the SEC alleged had misrepresented the value of its life settlement portfolio to LPHI shareholders. In a pre-trial decision, the court had ruled that life settlements are securities.”