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.
Bachus’ SRO Bill Blasted by Government Watchdog
The nonpartisan Project on Government Oversight told Reps. Spencer Bachus and Barney Frank in a letter on Tuesday that it opposes Bachus’ bill to create an advisor SRO.
SEC’s Aguilar to IAA: SRO Is Still ‘Not the Best Choice’
The commissioner tells the IAA that he also believes in the strictest definition of fiduciary and sees his role as protecting the interests of "hardworking" investors.
Fiduciary Duty Rule: A Status Report One Year Later
January 21 marks the one-year anniversary of the SEC handing over to Congress its report under Section 913 of Dodd-Frank recommending that brokers adhere to a fiduciary duty.
New Hire Roundup: Reinhart Joins Wealthcare Capital, Bowden Goes to SEC
This week in new hires, Len Reinhart joined Wealthcare Capital’s board, Andrew J. Bowden was appointed the SEC’s new associate director of advisor exams, and the Senate confirmed Luis Aguilar and Daniel Gallagher as SEC commissioners.