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SEC Adopts Regulation Best Interest: New Standards for Broker-Dealers

| June 05, 2019 | Articles

By Dave Thayer Doing business has become riskier for broker-dealers giving investment advice. On June 5, 2019, the Securities and Exchange Commission (SEC) adopted “Regulation Best Interest” which in a nutshell says that broker-dealers cannot put their own pocketbooks ahead of their clients’ “best interest.” For years, broker-dealers were viewed as purveyors of investment products… Read more »

SEC proposes new public company disclosure rules

| June 05, 2019 | Articles

By Dave Thayer On May 3, 2019, the Securities and Exchange Commission proposed amendments to improve and streamline financial disclosures relating to business acquisitions and dispositions. The proposed amendments are primarily to rules contained in Article 11 of Regulation S-X, but include changes to other related rules and disclosures, such as Form 8-K. The SEC… Read more »