Tag: Reg BI
GWG Secures Debtor-In-Possession Loan
GWG Holdings Inc. has secured a super-priority secured debtor-in-possession credit and guaranty agreement to provide funding for the company’s continued operations while in bankruptcy,...
GWG Holdings Appoints New CFO
GWG Holdings Inc., the bankrupt financial services firm and sponsor of non-traded direct investment offerings, announced that Michael A. Tucker was appointed by the...
GWG Former President and CEO Resigns from Board
Within the last year, GWG Holdings Inc. announced its bankruptcy, the resignations of multiple members of its board of directors, and several executive departures....
GWG Directors Jump Ship
GWG Holdings Inc., the bankrupt financial services firm and sponsor of non-traded bond offerings backed by life settlements, revealed late yesterday that three members...
GWG’s Board Suspended by Bankruptcy Court
GWG Holdings Inc., the bankrupt financial services firm and sponsor of non-traded direct investment offerings, had its board of directors suspended by the United...
GWG Senior Execs Resign Amidst Bankruptcy
GWG Holdings Inc. (Nasdaq: GWGH), the bankrupt financial services firm and sponsor of non-traded direct investment offerings, announced that the company’s president and chief...
CFP Board Suspends Broker Accused of Violating Reg BI with Improper...
The Certified Financial Planner Board of Standards Inc. has imposed an interim suspension against Patrick Egan, a certified financial planner and broker at Western...
SEC Alleges Western and Five Brokers Violated Reg BI with Improper...
The Securities and Exchange Commission has charged registered broker-dealer Western International Securities and five of its registered representatives – Nancy Cole, Patrick Egan, Andy...
FINRA Report Highlights Compliance Deficiencies of Regulation Best Interest and Form...
The Financial Industry Regulatory Authority has published its 2022 Examination and Risk Monitoring Program report, outlining the initial findings of its review of the...
SEC and FINRA to Host Online Forum on Regulation Best Interest...
The Securities and Exchange Commission has released the agenda and panelists for the October 26, 2020 roundtable where SEC staff and FINRA will discuss...
SEC and FINRA to Hold Roundtable on Regulation Best Interest and...
The Securities and Exchange Commission will hold a roundtable with the Financial Industry Regulatory Authority (FINRA) to discuss initial observations on the implementation of...
Democrats Vow to Reverse SEC’s Regulation BI in Draft Party...
Without mentioning the regulation by name, Democrats took aim at Regulation BI, the Securities and Exchange Commission's broker advice rule in an early draft...
SEC Clarifies When Using “Advisor/Adviser” Violates Regulation Best Interest
The Securities and Exchange Commission provided clarification on its updated Regulation Best Interest frequently asked questions on the use of the terms “adviser/advisor” in...
Docupace Launches New Regulation Best Interest Compliance Service
Docupace, a cloud-based fintech digital operations software for the wealth management industry, has launched a new Regulation Best Interest and Form CRS digital service...
SEC Shares Details on Initial Examinations for Reg BI and Form...
The Securities and Exchange Commission’s office of compliance inspections and examinations (OCIE) has issued two risk alerts that provide broker-dealers and investment advisers with...
Bloomberg Plans to Restore DOL Fiduciary Rule if Elected
Former New York City mayor and presidential candidate Michael Bloomberg seeks to restore the Department of Labor’s now-defunct fiduciary rule, according to his recently...
FINRA Releases Questions for SEC’s Reg BI Compliance Review
The Financial Industry Regulatory Authority has released its 2020 risk monitoring and examination priorities letter which highlights the areas of focus for its risk...
House Approves Bill Requiring SEC to Test Retail Investor Disclosures
The U.S. House of Representatives has passed the SEC Disclosure Effectiveness Testing Act (H.R. 1815), a bill that would require the Securities and Exchange...
FINRA Issues Regulation Best Interest/Form CRS Checklist
The Financial Industry Regulatory Authority has issued new resources to assist financial firms in their efforts to comply with the Securities and Exchange Commission’s...
Edelman Financial Engines Appoints DOL Fiduciary Rule Architect Phyllis Borzi to...
Edelman Financial Engines, a registered investment advisor with $200 billion in client assets, has appointed Phyllis Borzi to its board of directors. Borzi, who...
