SEC Floats Compensation Clawback Rules
SEC seeks comments on rules that would require companies to “claw back” incentive-based executive compensation that later is shown to have been awarded in error.
SEC: Ex-Broker Sold Clients Fake CDs With 12% Interest
Former advisor Malcolm Segal is accused of a $15.5 million Ponzi scheme involving bank CDs — some real and some nonexistent.
Buddy Donohue, Back at SEC, Could Boost Chances of VA Summary Prospectus Rule
Former SEC Commissioner Troy Paredes says there's "opening for movement" on such a rule.
SEC Makes Its First Bust in New Data-Driven Push
Did a Wisconsin advisor cherry-pick profitable trades? SEC's simulation showed the odds that he had merely gotten lucky were less than one in a million.
PE Firm KKR to Pay SEC $30M for Misallocating ‘Broken Deal’ Expenses
“This is the first SEC case to charge a private equity advisor with misallocating broken deal expenses,” said SEC's enforcement chief.
DOL Fiduciary Foes Said to Be Writing Best-Interest Standard Bill
The Department of Labor’s plan to revamp the definition of fiduciary under ERISA is likely to face yet another legislative hurdle.
Defining ‘Best Interest’ Standard in Fiduciary Debate a Head Scratcher
Two industry trade groups and the Financial Industry Regulatory Authority came out recently with uniform best interest standards in an attempt to squelch what they say will be competing fiduciary plans to be issued by the Department of Labor and the Securities and Exchange Commission.
Familiar Face Returns to SEC as Two Commissioners Plan Exit
A familiar face with deep roots on Wall Street has returned to the Securities and Exchange Commission to help the agency draft its fiduciary rulemaking just as two agency commissioners are planning to exit.
The Price of Independence
What do you mean by independent? Using vague language makes it difficult for consumers to tell the difference between a zebra and a horse.
Does Your CCO/Senior Management Relationship Need Improvement?
The Securities and Exchange Commission has made clear that the role is one of senior firm management.