Tag: Regulation 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...
SEC Charges and Fines 12 More Firms for Failing to Meet...
The Securities and Exchange Commission reported that six registered investment advisers and six broker-dealers have agreed to settle charges that they failed to file...
SEC Fines Dozens of Financial Firms for Missing Form CRS Filing...
The Securities and Exchange Commission has charged and fined 21 registered investment advisers and six broker-dealers for failing to “timely” file and deliver their...
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...
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...
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...
SEC Approves Investment Advice Rule Package
On Wednesday, the Securities and Exchange Commission voted 3-1 along party lines and approved its four-part package of regulations aimed at reforming investment advice...
DOL to Propose New Fiduciary Rule in December, SEC to Vote...
The Department of Labor plans to introduce a new fiduciary rule proposal in December 2019 after the previous version was vacated by the Fifth...
Secretary Acosta Says DOL Will Release New Fiduciary Rule in Conjunction...
Labor Secretary Alexander Acosta told the House Education and Labor Committee on Wednesday that the Department of Labor is planning to revive its fiduciary...
SEC Releases Investor Testing Report on Proposed Form CRS Relationship Summary
To help address investor confusion about the nature of their relationships with investment advisers and broker-dealers, the SEC’s Office of the Investor Advocate has...
SEC Investor Advisory Committee to Hold Public Call on Regulation Best...
The Securities and Exchange Commission’s investor advisory committee will hold a public conference call next month to discuss its proposed Regulation Best Interest and...
