SEC, DOL Enforcement: Appeals Court Backs SEC in Citigroup Case
The SEC may seek settlements without being obligated to require admissions of wrongdoing, the court found. Meanwhile, DOL fined GreatBanc Trust.
It Pays to Fight Back Against SEC, FINRA: Survey
Nearly half of advisors, BDs and their reps that litigated got off lighter than they would have if they had settled, a Sutherland study found.
SEC Gains Power to Take Profit Made From Insider Trading
Appeals court says SEC can collect illegal proceeds from money managers even when their firms got all the profit.
New Hire Roundup: FPA Welcomes David Brand Back to the Fold
Also this week, Securities America names a director of practice succession and acquisition and a new member for its recruiting team, while an SEC litigator joins WIlmerHale.
SEC, FINRA Enforcement: StateTrust Investments Fined for Corporate Bond Fraud
Among recent enforcement actions, FINRA ordered StateTrust Investments to pay more than $1.3 million for excessive markups and markdowns in corporate bond transactions.
Court Upholds CFTC Commodity Pool Rule; Rejects ICI Appeal
A federal appeals court on Tuesday upheld new CFTC rules that will require many investment companies to register as commodity pools.
Obama’s Associate Counsel Small Named SEC General Counsel
The SEC announced Tuesday that Anne Small, President Obama’s special assistant and associate counsel, has been named general counsel of the agency.
SEC Skates in Madoff Case
Ruling deals a final blow to investors who claimed negligence on the part of the regulatory body.
IRAs: In General
Individual Retirement Accounts are highly popular tools for contributing funds that grow on a tax deferred basis. Depending on the type of IRA, the accumulation can be tax free.
New Hire Roundup: Putnam Names New GAA Leadership Team
This week in new hires, Putnam announced a new leadership team for its global asset allocation organization, and Steve Antonakes became acting deputy director of the Consumer Financial Protection Bureau.