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A Short History of Stocks

The Big Picture

That changed on May 1, 1975, when the Securities and Exchange Commission mandated a change in commission structures. Costs continued to fall: Over the next 25 years, commissions would fall from about 1.0% Costs continued to fall: Over the next 25 years, commissions would fall from about 1.0%

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Extracting Actionable Takeaways From The SEC’s Staff Bulletin Regarding An RIA’s Standard Of Care

Nerd's Eye View

In 2019, the SEC released a Commission Interpretation that separated the obligation of RIAs to act in their clients' best interests into separate duties of care (to provide investment advice in the best interest of the client) and loyalty (to eliminate or disclose all potential conflicts of interest with the client).

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Sunday links: too many theories

Abnormal Returns

Sentencing Commission show judges rejected more than 80% of compassionate release requests filed from October 2019 through September 2022. (morningstar.com) Medical debt plays a big role in why the South has lower credit ratings on average. washingtonpost.com) Urban areas can't grow without new housing.

Ethics 243
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Two Associates of FTX Founder SBF Plead Guilty to Criminal Charges

Mish Talk

The Securities and Exchange Commission and Commodity Futures Trading Commission also sued Ms. Ellison, from 2019 to 2022, manipulated the price of FTT, a digital asset that FTX issued. Ellison and Mr. Wang, alleging they committed civil securities and commodities fraud. The SEC said Ms.

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: SEC charges crypto exchange Bittrex and former CEO with flouting securities laws

MarketWatch

Securities and Exchange Commission on Monday charged crypto trading platform Bittrex Inc. investors as a broker, exchange and clearing agency without registering these activities with the Commission, in violation of the law. The SEC alleged that Bittrex earned at least $1.3 billion in revenue between 2017 and 2022 serving U.S.

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How to Find a Fiduciary Financial Advisor

Darrow Wealth Management

Advisors that receive commissions from selling mutual funds, insurance, annuities, or other products are incentivized to push products, leaving less time for advice. In 2019, the CFP board announced CFP® professionals must adhere to a fiduciary duty when providing investment advice.

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Fiduciary Papers #7: What Steps are Required to Properly Manage a Conflict of Interest Held by An Investment Adviser?

Ron A. Rhodes

While the SEC has provided an interpretative release [SEC Release IA-5248, Commission Interpretation Regarding Standard of Conduct for Investment Advisers (July 12, 2019)] regarding the fiduciary duties of investment advisers,…