Division of Investment Management

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  Exclusive: Biggest SEC Enforcement Effort Is Advisor Misconduct

  By Melanie Waddell, AdvisorOne  |  June 5, 2012

  In exclusive interview, former SEC enforcement official Kaplan says agency had doubled actions against advisors to investment vehicles, especially private funds, with more scrutiny to come.

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  Fiduciary Duty Concept Release Likely by Summer: Ex-SEC Exec

  By Melanie Waddell, AdvisorOne  |  April 23, 2012

  The SEC may likely issue a concept release this summer regarding putting brokers under a fiduciary mandate, Andrew “Buddy” Donohue, the former director of the SEC’s Division of Investment Management, said Monday.

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  SEC Adds 130 Examiners for ‘Priority’ Areas: Exam Chief di Florio

  By Melanie Waddell, AdvisorOne  |  March 15, 2012

  Carlo di Florio, director of OCIE, told CCOs that the SEC has hired 130 new examiners over the last 18 months and that the agency is focusing on three 'priority' areas when it comes to advisory firms.

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  SEC, Congress Tussle Over Private Fund Advisor Registration

  By Melanie Waddell, AdvisorOne  |  March 9, 2012

  SEC Commissioner Daniel Gallagher told chief compliance officers on Thursday that he sees cases where the securities regulator can grant exemptive relief for private fund advisors that must register with the agency as mandated by Dodd-Frank.

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  SEC's Rominger: Agency Using 'Investor Testing' in Target Date Rulemaking Process

  By Melanie Waddell, AdvisorOne  |  December 14, 2011

  The SEC is conducting 'investor testing' as part of its rulemaking efforts on target date funds, to help the agency assess 'the types of information that investors believe are most useful when they choose their investments,' Eileen Rominger, director of the SEC’s Division of Investment Management, said Tuesday.

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  RIAs Prepare for Lower Risk Tolerance Among Clients

  By Danielle Andrus, AdvisorOne  |  November 16, 2011

  RIAs believe market volatility in the past 12 months has made clients more risk averse, according to an Invesco market research study released Wednesday.

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  SEC Sees No Way to Adequately Examine Advisors, Senators Told

  By Melanie Waddell, AdvisorOne  |  November 16, 2011

  Carlo di Florio, director of the SEC's Office of Compliance Inspections and Examinations, said the agency “will not have sufficient capacity in the near or long term to conduct effective examinations of registered investment advisors with adequate frequency.”

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  Senate to Grill SEC Chiefs at Oversight Hearing

  By Melanie Waddell, AdvisorOne  |  November 10, 2011

  A Senate Banking Subcommittee plans to hold a hearing on Nov. 16 on management and structural reforms at the SEC, with Robert Khuzami and others facing off with the Senators.

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  Don’t Blame All ETFs for Market Volatility, Schwab Says

  October 21, 2011

  As the SEC considers whether exchange traded funds are to blame for causing the recent spate of market volatility, Charles Schwab’s ETF team stepped forward Friday to defend them.

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  SEC Assessing ETFs’ Effect on Market Volatility, Rominger Tells Senate

  By Melanie Waddell, AdvisorOne  |  October 19, 2011

  The director of the SEC's Division of Investment Management told a Senate panel that the commission was reviewing the adequacy of investor disclosure about the ETFs, their liquidity and whether they contribute to market volatility.