SEC Uses First-of-Its-Kind Deferred Prosecution Agreement
Deal signals that "the agency will be pushing harder to proactively encourage people to come forward with evidence," lawyer Steve Crimmins says.
How the SEC Plans to Be ‘Everywhere’
Despite limited resources, the agency is leveraging its strengths to zero in on advisors’ smallest infractions.
SEC Fiduciary Rule ‘Major Focus’
Securities and Exchange Commission Chairwoman Mary Jo White said in early October that developing a fiduciary duty rule for brokers remains a “major focus of our efforts.”
Wall Street Mourns Death of Muriel Siebert
In 1967, Siebert became the first woman to buy a seat on the New York Stock Exchange.
SEC Pressured by Pols in IRS-Like Controversy: WSJ
The paper claims in an editorial that the agency under Mary Schapiro targeted firms for their political support.
SEC Nominees Vote Tabled Due to Lack of Quorum
Meanwhile, the Senate confirmed Richard Cordray as CFPB director.
Incompatibility Is Standard
“It is critical the [fiduciary] standards of conduct put out by the SEC and DOL applicable to investment professionals be compatible,” Bill Lowe, president of Sammons Retirement Solutions, told the SEC in his June 4 comment letter.
SEC’s White Gets Short Shrift from Congress
Securities and Exchange Commission Chairwoman Mary Jo White is running into the same problem that plagued her predecessors: getting the short shrift from lawmakers when prodding them for more money so the agency can properly do its job, including adding examiners for advisors.
SEC Chief Defends Budget Request to Skeptical Lawmakers
SEC Chairwoman Mary Jo White told a House panel on Tuesday that the agency’s $1.67 billion budget request for 2014 would help the agency fulfill one of its top priorities: adding 250 examiners for advisors.
White Sworn In as SEC Chief; Walter, Paredes Likely Leaving SEC Soon
Interim Chairwoman Elisse Walter will remain at the agency as a commissioner, but it doesn't look like she'll be there for long, David Tittsworth of IAA said.