SEC's White Vows to Get Tougher on Mutual Funds
"Liquidity management and the use of derivatives in mutual funds and ETFs are two key areas of focus" for SEC staff, Chairwoman White says.
Sterne Agee Takes Ex-CEO to Court Over Luxury Spending
The lawsuit comes after the wealth-management firm was told James Holbrook faced federal investigations.
Coburn Calls for ‘Fairer, Flatter’ Tax Code
Best solution would be to throw it out and start again, but in the meantime, he calls for end to preferences on municipal bonds, carried interest, cash-value life insurance and credit unions.
SEC, DOL Enforcement: Fiduciaries Fined $4.7M Over Fake Health Plan
Also, co-owners of Reliance Financial Advisors charged with making false statements to clients investing in a risky hedge fund.
Fines R Us: FINRA Hits 10 Banks for $43M Over Toys R Us IPO
The firms, including Citigroup, Credit Suisse and Goldman, offered favorable research to win investment banking business.
Morgan Stanley Pays $4M to SEC Over Market Access Violations
Morgan Stanley allowed a rogue trader to engage in fraudulent trading of Apple stock and lose $5.3 million, the SEC said.
Mark Cuban, Chris Cox Condemn SEC as ‘Rogue’ Agency
Former SEC chair Chris Cox says "we've got to [stop] people going rogue" in an admission his former agency has exhibited prosecutorial overreach.
Hearsay Social Streamlines Social Media Compliance Platform
Hearsay Social says it’s made its social profile review, pre-approval features and automatic publishing solutions more efficient.
BDs’ Comments Lead FINRA to Update Communication, Gift Rules
BDs request further guidance, updates on the two rules; FINRA's retrospective review process is ongoing.
SEC Slams Programmer of Virtual Currency-Based Stock Exchanges
SEC sanctioned a computer programmer for operating two online venues trading stocks using bitcoin or litecoin without registering them as BDs or stock exchanges.