SEC Wants Pre-Trade Prices Made Public
SEC Chairwoman Mary Jo White is asking for public pre-trade prices to be distributed and for dealers to be more transparent.
SEC Should Shift Existing Funding to Boost Advisor Exams, IAA Says
The advisor advocacy group is “concerned about the potential disadvantages" of third-party exams compared to SEC examinations, says President David Tittsworth.
Cybersecurity Crackdown: Where SEC, FINRA Will Strike
No matter the size of your firm, if your client data isn’t safe, you’re not safe from the SEC and FINRA.
Don’t Get Smoked by Marijuana-Related Investments, SEC Warns
The SEC halts trading of yet another purported pot-related firm and warns investors that newly liberalized marijuana laws beckon fraudsters.
Private Fund Advisors Often Cited for Violations Over Fees, Expenses: SEC
Private equity firms are cited for deficiencies involving fees and expenses more than half the time the SEC looks at that area, OCIE’s Bowden says.
RIAs: When and Why to Make Form ADV Updates
The triggers for other-than-annual amendments to your Form ADVs are many and varied. Best to follow Confucius' advice on the subject.
Barney Frank Introduces Bill to Merge SEC and CFTC
Frank, who introduced the legislation with Rep. Mike Capuano, D-Mass., said that "now that the basic policies have been adopted to cover security and derivatives regulation, we can focus on the structural issue” of merging the two agencies.
Obama Names SEC’s Walter as Schapiro’s Replacement
While Elisse Walter, an SEC commissioner, was selected by President Obama to succeed Schapiro, industry officials speculated that Walter will serve as an acting chairman until the president selects a permanent chairman at a later date.
J.P. Morgan, Credit Suisse to Pay Combined $400 Million Settlement for RMBS Violations
The SEC alleges that J.P. Morgan misstated information about the delinquency status of mortgage loans that provided collateral for an RMBS offering in which it was the underwriter, while Credit Suisse similarly failed to accurately disclose its practice of retaining cash for itself from the settlement of claims against mortgage...
BP to Pay $4.5 Billion in Gulf Spill; SEC Levies Huge Penalty
British oil company BP agreed Thursday to pay $4.5 billion to the U.S. in fines and other charges, including $525 million to the SEC–the third largest penalty ever assessed by the SEC–over the oil spill in the Gulf of Mexico.