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.
SEC Fines Morgan Stanley $3.6M for Failing to Protect Client Funds
By Emily ZulzAccording to the SEC, one of Morgan Stanley's reps misused or misappropriated nearly $7 million from clients.
June 27, 2018
SEC Advice Proposals Take Center StageSEC chief Clayton lays out how brokers' behavior will change for investors while industry officials debate "fiduciary" status of Reg BI.
June 26, 2018
Morgan Stanley Names Former SEC Chair Shapiro to BoardThe former regulator is also on the boards of CVS, London Stock Exchange and GM.
June 25, 2018
SEC Releases Another Updated FAQ on Custody RuleCipperman urges SEC to stop issuing custody rule FAQs and rewrite the rule instead.
June 25, 2018
Wells Fargo Agrees to $5M SEC SettlementThe regulatory group says the misconduct was tied to sales of market-linked investments, or MLIs, from 2009 to 2013.
June 22, 2018
FINRA Bars Ex-LPL Rep for Taking Client Money to Pay Her Taxes: EnforcementIn other enforcement actions, the CFTC ordered JPMorgan Chase Bank to pay a $65 million penalty.
June 21, 2018
SEC's Clayton: Comment Period on Advice Standards May Be ExtendedHouse lawmakers questioned Clayton about the SEC's proposed best-interest rules.
June 21, 2018
Wait for ETF Rule Is Over as SEC Slates Discussion for June 28The rule would let asset managers sell certain ETFs without first getting SEC approval under the Investment Company Act of 1940.