SEC Will Pursue Fiduciary Rule in 2013
The agency’s just-released 2012 Financial Report states that it will move forward with its uniform fiduciary standard rule as well as “continue to assess” ways to better harmonize advisor and BD rules.
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.
SEC’s Schapiro to Step Down in December
After months of speculation that she would depart, Schapiro made it official Monday morning that she would depart the agency on Dec. 14; with a frontrunner emerging from Treasury Department.
In Money Market Fund Reform, FSOC Must Act Carefully: Dechert
Treasury Secretary Geithner's proposal seeks to have the FSOC make recommendations for fund reform before it has established a fair process, Dechert says.
SEC Beefs Up Enforcement With New Tools
The SEC is stepping up surveillance of insider trading with its new Automated Bluesheet Analysis Project, and is catching more hedge fund advisor fraud with its aberrational performance inquiry team.
SEC’s Aguilar Calls for Harsher Penalties Against Repeat Fraudsters
The SEC must re-evaluate the strength of its initial settlements and “specifically design” a program to combat repeat fraudsters, SEC Commissioner Luis Aguilar said.
Fight to Reform Money Market Funds Continues
Regulators’ fight to reform money market funds continues.
Sen. Corker: SEC Nearing a Money-Market Fund Solution
The senator urged the SEC in a letter to move ahead with further reform, saying “a run on money-market funds is still a real risk.”
SEC’s GOP Commissioners Offer ‘Way Forward’ on Money-Market Reform
The SEC's two Republican commissioners voiced their “dismay” on Tuesday with the statement issued last week by Chairwoman Mary Schapiro ending her money-market fund reform push.
New SEC Committee to Put Retail Investors First
“Many individual investors feel like they are under siege,” SEC Commissioner Luis Aguilar said at the group's first meeting.