Law of Robotics: Massachusetts Wants Consumers to Know Fees, Limitations of Robo-Advisors
The Massachusetts Securities Division released regulatory guidance for investment firms that use a robo-advisory service to manage client accounts, requiring them to disclose more pertinent ...
SEC To Prioritize Mutual Fund Fee Disclosure
The SEC’s investor advocate is prioritizing fee disclosure in the $16 trillion mutual fund market, according to a report.
An article on BenefitsPro explains:
In his most recent report, ...
SEC Unveils New Proposed Broker Scorecard
As a response to the call for regulating conflicts of interest and opacity of market structures in investments, the SEC unveiled a new proposed scorecard that will require brokers to ...
Financial Literacy Like Teaching a Dead Language: A Legal Critique and Overview
In much legal and financial writing, financial literacy is like a wonder drug that will cure financial fraud.
But is it the cure? Kendall Grant penned a paper in a recent issue of the ...
Protecting Investors from Crowdfunding Ponzi Schemes
Crowdfunding has opened a new frontier of venture finance. And fraudsters have already taken advantage, turning faux-entrepreneurial ventures into online ponzi schemes (see the case ...
Lonely Hearts and Empty Wallets – Man Finds Fraud Victims Through Online Dating
Women found double trouble through online dating, according to the SEC. The agency last month filed a charge against a Connecticut man who reportedly defrauded dozens of investors looking ...
House Approves Bill Extending Protection to Non-Accredited Crowdfunding Investors
Attracting broad bipartisan support, the Fix Crowdfunding Act cruised through the U.S. House this month.
The bill addresses an issue in the crowdfunding space: many investors who contribute ...
Congress Proposes Immunity to Snitch on Persons Exploiting Seniors
The U.S. House passed a bill earlier this month, called the Senior Safe Act, which protects financial advisors from legal liability when they report suspicious activities to federal ...
SEC Claims Fund Bet A Little Too Big on Terror Litigation
RD Legal Capital hedge fund told investors it would responsibly diversify its clients money among many law suits recoveries. In fact, according to the SEC, the fund placed a huge bet ...
Tesla Concludes Crash of Cutting Edge Car No Big Deal
The SEC is investigating whether auto manufacturer Tesla Motors Inc. breached securities law for the way they handled information related to a fatal crash that involved a Tesla electric ...
