Moody's Revised MMF Rating Proposal Still Faces Scrutiny
Market participants are objecting to a proposal by Moody’s Investor Service to rate money market funds by partially relying on a fund sponsor’s ability and willingness to support a “distressed fund”—that is, a fund that’s about to “break the buck” or is in financial distress.
SEC's Walsh at IAA: Advisor Exams to Increase Post Dodd-Frank in Short-Term
John Walsh, associate director of OCIE, warned compliance officers on Thursday “not to back off” on their compliance due diligence, as SEC exams of advisory firms post-Dodd-Frank will increase in the short-term.
Senate Republicans Urge Slowdown of Dodd-Frank Rules
Republican senators want to extend the comment periods on rule proposals and conduct more “rigorous” analysis on those rules—including one on putting brokers under a fiduciary standard of care.
SEC ‘Switch’ Details Out by December
John Walsh, associate director of the SEC's Office of Compliance Inspections and Examinations (OCIE), told attendees at the North American Securities Administrators Association's (NASAA) annual...
At NASAA Conference: SEC to Release Dodd-Frank ‘Switch’ Details by December
State securities regulators had a few pressing issues on their minds associated with the implementation of the Dodd-Frank Act as they convened their annual conference in Baltimore on Monday.
SEC Criticized for Madoff
Congress wasted little time in taking SEC officials to task after the securities watchdog's inspector general released September 2 a scathing report on the SEC's...
A Less Scary SEC?
When the talk turns to Securities and Exchange Commission examinations and inspections, advisors tend to take notice. How can they do otherwise? The SEC conducted...
An End to Policy-Making by Enforcement?
SEC's Atkins vows more oversight on sweep exams
B/D Report: Hot Topics at New Group's First Meeting
Compliance, money, and changes at the FPA generate buzz at meeting of Financial Services Institute