SEC’s Schapiro to Congress: Budget Boost Needed to Modernize EDGAR, Add Staff
SEC chairman says 676 new employees could be added under Obama budget request; agency reviewing regional offices.
SEC, CFTC Issue Joint Rule Proposal on Identity Theft
The SEC on Tuesday announced a rule proposal to help protect investors from identity theft by ensuring that broker-dealers, mutual funds, and other SEC-regulated entities create programs to detect and respond appropriately to red flags.
11 Predictions for 2012 Election by UBS: The Issues
UBS Wealth Management recently released its first in a series of five Election Watch 2012 reports designed to guide investors through the critical issues and developments of this pivotal year for the political landscape.
SEC Tightens Rule on Advisory Performance Fees
The SEC announced Thursday that it is tightening its rule on investment advisory performance fees to raise the net worth requirement for investors who pay performance fees by excluding the value of the investor’s home from the net worth calculation.
Industry Opponents Slam Volcker Rule as Volcker Defends It
The controversial Volcker rule that regulates proprietary trading came in for a final round of comment as frustrated bankers, activists and Paul Volcker himself flooded government regulators with statements.
Who Will Regulate the Regulators?
Why did U.S. regulators fail to react to the alarming increases in leverage at financial institutions, or the shift of trillions of dollars of assets from banks’ balance sheets that were packaged into complex securities? Three former regulators propose a solution to what ails our regulatory system.
SEC Exam Chief to AdvisorOne: SRO Option Still Viable
Carlo di Florio, director of the SEC's Office of Compliance Inspections and Examinations, told AdvisorOne on Tuesday that the recent boost in funding that the SEC received from Congress is not enough to thwart the need for an advisor SRO.
Lawmakers Probe Regulators Over Volcker Rule Proposal
Lawmakers took regulators to task on Wednesday over their proposal to implement Section 619 of the Dodd-Frank Act, commonly referred to as the Volcker rule, citing the proposed rule’s complexity as well as its costs.
Dodd-Frank: Progress Report on Law’s Key Elements
The law firm Davis Polk & Wardwell on Tuesday released its latest Dodd-Frank “progress report” on where the various regulators stood on their implementation of the act.
Former SEC Exam Chief Walsh: SEC Whistleblower Program 'Showing Traction'
The former chief counsel at the SEC's exam division, John Walsh, has formed a Whistleblower Response Team with several of his colleagues to help firms develop whistleblower response programs as the SEC’s 'initiative is beginning to show traction.'