SEC Enforcement: AlphaBridge Capital, Deloitte & Touche Charged
SEC charged a hedge fund with a fraudulent fund valuation scheme; Deloitte & Touche hit with violating auditor independence rules.
Untangling the FATCA Web for Hedge Funds (Next Up: GATCA)
Think that since there is no IRS registration reqirement, U.S.-domiciled funds aren’t subject to FATCA? Think again.
SEC: Ex-Broker Sold Clients Fake CDs With 12% Interest
Former advisor Malcolm Segal is accused of a $15.5 million Ponzi scheme involving bank CDs — some real and some nonexistent.
Goldman Sachs Pays Fine for Roiling Options Market in 2013
Goldman agreed to pay a $7 million fine to settle regulatory claims that it sent thousands of mistaken orders.
FINRA Earnings Surge as Fines Double
The self-regulator collected more than twice the amount of fines in 2014 as it did a year earlier, though the number of fines fell.
Buddy Donohue, Back at SEC, Could Boost Chances of VA Summary Prospectus Rule
Former SEC Commissioner Troy Paredes says there's "opening for movement" on such a rule.
FSI Tells Lawmakers Why DOL Fiduciary Plan Is U.N.W.O.R.K.A.B.L.E.
FSI "fact sheet" uses each letter in the word "unworkable" to explain the current DOL redraft’s faults.
SEC Makes Its First Bust in New Data-Driven Push
Did a Wisconsin advisor cherry-pick profitable trades? SEC's simulation showed the odds that he had merely gotten lucky were less than one in a million.
PE Firm KKR to Pay SEC $30M for Misallocating ‘Broken Deal’ Expenses
“This is the first SEC case to charge a private equity advisor with misallocating broken deal expenses,” said SEC's enforcement chief.
DOL Fiduciary Foes Said to Be Writing Best-Interest Standard Bill
The Department of Labor’s plan to revamp the definition of fiduciary under ERISA is likely to face yet another legislative hurdle.