SEC Busts Hedge Fund’s Fake Research, Soft Dollar Scam
The SEC charged a Minneapolis-based firm with bilking investors out of more than $1 million using fake research expenses and fees.
SEC’s White: Fiduciary Rule Important, but Dodd-Frank, JOBS Mandates Come First
Chairwoman Mary Jo White told senators Tuesday that a fiduciary options list is a "high priority," but legally mandated rulemakings must take precedence.
ICI Welcomes New SEC Rules on Funds, Asset Managers
“Any risks that may arise in asset management are best addressed by the SEC,” says ICI's Paul Schott Stevens.
Camardas Amend Court Filing to Block Client List From CFP Board
The move comes shortly after the CFP Board filed a motion asking the Camardas to hand over client information, which raised questions about privacy rules.
SEC Names McNeil First Ombudsman
As Ombudsman, Tracey McNeil will report to the SEC's Investor Advocate Rick Fleming.
Roper Urges SEC Chief to Move on Fiduciary With Split Vote
Chairwoman Mary Jo White “gives every impression” that a uniform fiduciary rulemaking is “a personal priority for her,” says consumer advocate Barbara Roper.
FINRA Warns of Stock Scams Tied to Ebola, Other Viral Diseases
“News coverage of viral outbreaks, including Ebola and MERS, will likely catch the interest of stock scammers looking to capitalize on fears,” FINRA says.
FINRA Arbitration Head Fienberg to Step Down
Linda Fienberg, an 18-year FINRA veteran, will leave at the end of November.
SEC User Fees Would Have Little Impact on Most Firms: Study
Vanguard, on the other hand, may have reason to call its lobbyists soon, according to an analysis by the compliance firm RIA in a Box.
SEC Too Lax on Accountants, Commissioner Says
The growing SEC practice of settling financial reporting cases without fraud charges or suspensions is a "troubling trend," Commissioner Luis Aguilar says.