Associations Express Pleasure at Cox Confirmation
WASHINGTON (HedgeWorld)--The full U.S. Senate, acting on a favorable report from its banking committee, voted to confirm President George W. Bush's three nominations to the Securities and Exchange Commission Friday, thus elevating Annette Nazareth to commissioner, extending the tenure of Commissioner Roel C. Campos to 2010, and making Rep. Christopher...
A Pro-Business, Pro-Regulation SEC Chairman?
At hearing, Cox tells senators he will be a "vigorous" enforcerRep. Christopher Cox (R-California) told members of the Senate Banking Committee on July 26 that his top priority would be "vigorous enforcement" of securities laws if he's confirmed by the Senate as the new chairman of the Securities and Exchange...
Advisors Speak Out on SEC
Poll shows strong reader opposition to Merrill rule
Donaldson's Swan Song
At an open meeting one day before his departure on June 30, SEC Chairman William Donaldson remained steadfast in backing the SEC's rule requiring registered investment companies to have a board comprising at least 75% independent directors and an independent chairman, and pushed the rule through once again with help...
SEC Backs Rule on Independent Fund Chairmen
p>The Securities and Exchange Commission on June 29 voted to affirm a rule mandating that 75% mutual fund boards, including their chairmen, be independent. The rule,...
SEC to Hold Open Meeting on Independent Director Rule
The U.S Court of Appeals for the D.C. Circuit ruled June 21 that the SEC violated the Administrative Procedures Act with its rule requiring registered investment companies to have a board composed of at least 75% independent directors and an independent chairman. The court told the SEC to reconsider the...
Donaldson to Quit; Bush Nominates Cox as Replacement
SEC Chairman William Donaldson abruptly announced on June 1 that his last day on the job will be June 30. Industry observers have speculated since late last year that Donaldson would resign his post sometime in 2005, but no one anticipated such an early departure. On June 2, President Bush...
Stretched Too Thin?
No single commercial or governmental agency has as big an influence on financial planners and investment advisors as the Securities and Exchange Commission. Moreover, within...
The IA 25
Groucho Marx once famously proclaimed that he wouldn't care to join any club that would include him as a member. So what are we to...
SEC Gearing Up for New Rules
Get ready. The Securities and Exchange Commission is expected to issue a new rule this year on soft dollars as well as amendments to Form...