Daily Archives: June 5, 2019, 9:58 am

SEC’s Broker Rule to Require Bias Disclosures; Effect on Pay Practices Unclear – WSJ

Investors will soon learn more about conflicts of interest that can bias investment advice under a regulatory action that is expected to be completed on Wednesday. Less clear is whether it would disrupt how brokers are paid. The Securities and Exchange Commission plans to vote Wednesday on what it calls Regulation Best Interest, which says brokers can’t put their own…

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As SEC files suit, Kik’s Ted Livingston argues loss would be “disastrous” for crypto | BetaKit

In the past, the SEC has ruled on cryptocurrencies stating that as long as the currency is decentralized it is not a security. William Hinman, head of the Division of Corporation Finance at the SEC, has previously stated that Bitcoin and Ethereum are not securities because they are decentralized, meaning there is no third party playing a determining role in…

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