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.
JPMorgan Whistleblower Gets Record $30M From CFTC
By Neil Weinberg | Matt RobinsonThe case was settled in December 2015, when the bank agreed to pay $367 million for not disclosing that it was steering asset-management clients into investments that would be especially profitable to the company.
July 10, 2018
Supreme Court Nominee Helped Kill Merrill Lynch RuleIn 2007, Brett Kavanaugh agreed with the FPA in its fight against the SEC.
July 10, 2018
Schwab to Pay SEC $2.8M for Failing to File SARsThe SEC is using a "novel legal theory" to get big brokers and custodians to police their platform users, Cipperman says.
July 05, 2018
SEC Charges Firm That Failed to Supervise Brokers: EnforcementIn another SEC action, two men were charged with illegal sales of stock of a company claiming to have a blockchain-related business.
July 03, 2018
Blockchain's Latest Twist: Digitizing Company SharesA hedge fund turns paper shares in a cloud storage company into digital tokens.
July 03, 2018
Schwab Settles SEC Suit on Reporting FailureSchwab was charged with failing to file reports on suspicious transactions by 37 independent investment advisors.
June 29, 2018
SEC Hits the Road to Hear Investors' Thoughts on Best-Interest PlanChairman Jay Clayton will be holding a series of roundtable discussions with investors around the country in July.
June 29, 2018
SEC Fines Morgan Stanley $3.6M for Failing to Protect Client FundsAccording to the SEC, one of Morgan Stanley's reps misused or misappropriated nearly $7 million from clients.