An SEC official involved in exposing alleged fraud by a subprime auto lender declined to say if credit unions were victimized.
When NCUA Chairman Debbie Matz spoke at a December Senate hearing on new regulations on natural person credit union risk concentrations, she pointed out that the regulator is also looking into performing its own exams of third-party vendors that provide services to NCUSIF-backed credit unions.
Nearly a year after LPL Financial LLC filed for an initial public stock offering, the company that counts more than 200 credit unions among its clients is consolidating one of its subsidiaries.
A 263-page report has listed a number of recommendations the SEC should consider to reform the agency’s operations as it appeals to Congress for more funding.
ALEXANDRIA, Va. -- Large credit unions would have to file an annual report on incentive-based compensation programs and couldn't have any such programs that encourage exposure to inappropriate risks
The number of registered investment advisers has increased so dramatically since 2004, the SEC said it is overwhelmed, understaffed and out of resources to keep up with exams to monitor their activities.
Large credit unions and banks may face additional restrictions on executive compensation as a result of regulations that will be issued by the NCUA and other financial regulators.
The SEC is asking Congress to give it more power to strengthen its investment adviser examination program including through assessing fees to fund exams, according to a new study from the commission.
The parent company of a significant CU investment partner has made a large investment in a social media giant.
Of the litany of regulations coming around the bend within the retail investment space, financial advisers said they are most concerned about the fiduciary standard and additional disclosure rules.