SEC
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations (such as Regulation Best Interest), enforcement actions and related activities.
UBS to Pay Over $10M for Muni Violations
By Jeff BermanThe firm circumvented the priority given to retail investors in certain municipal bond offerings, SEC claims.
July 20, 2020
Former Morgan Stanley Advisor Pleads Guilty to $6M FraudThe former rep will pay $4.4 million and could spend 20 years in prison, the Justice Department says.
July 17, 2020
Why Compliance Officers Have Even More to Worry AboutOne case has gone to an appeals court to get relief from FINRA and SEC decisions against a broker-dealer CCO.
July 13, 2020
Ex-DeVere CEO, Manager Fined for Misleading ClientsThey made "material misstatements and omissions" about the benefits of overseas pension transfers, the SEC says.
July 13, 2020
App Developer Agrees to Pay $150K Over Security-Based SwapsCalifornia firm Abra and affiliated Philippines company Plutus weren't registered and used a blockchain instead of an exchange, SEC says.
July 13, 2020
Ex-Merrill Broker Denied Early Prison ReleaseThe broker, convicted of securities fraud, had requested release on the grounds of his health issues and COVID-19 concerns.
July 10, 2020
Senate Panel to Hold SEC Nomination Hearing for Peirce, CrenshawPeirce would get a second term as commissioner; Crenshaw would take Jackson's seat.
July 10, 2020
SEC Move Could Cause 90% Drop in Investment Managers Reporting Quarterly HoldingsBy not considering how "the world has changed" since '75, the SEC is "plucking out blocks from a Jenga tower," said a securities law professor.