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.
U.S. Chamber of Commerce Says It’s Working With Trump to Kill DOL Fiduciary Rule
By Melanie Waddell, Emily Zulz, James J. GreenThe biggest issue for advisors in 2016 was the DOLs long-aborning rule under which any advisor providing retirement advice is deemed a fiduciary under ERISA.
December 22, 2016
FINRA Fines Deutsche Bank $3.25M for Deficient Disclosures: EnforcementFINRA also fined Allstate Financial Services $1 million for failing to supervise certain communications and transactions.
December 22, 2016
Will Trump SEC End ‘Broken Windows’ Cases Against Advisors and Brokers?Chairwoman Whites departure may not end the Enforcement Divisions pursuit of minor violations.
December 21, 2016
Sex, Drugs and Pay-to-Play Fraud Hit New York Pension Fund: SECTwo brokers were charged with providing thousands of dollars in gifts to a former NY state pension fund official in exchange for billions in business.
December 20, 2016
Morgan Stanley to Pay SEC $7.5M Over Trading SchemeMorgan Stanley used trades involving institutional clients cash to lower its borrowing costs, the SEC said.
December 19, 2016
Ex-Prosecutor Emerges as Top Trump Pick for SEC ChiefLike Mary Jo White, departing in January, Debra Wong Yang was a federal prosecutor, but Yang has no securities experience.
December 16, 2016
Deutsche Bank to Pay $37M Fine for Fraudulent Order Routing Practices: EnforcementIn other enforcement news, the SEC filed charges in a $26 million stock manipulation scheme.
December 09, 2016
U.S. Limits on Wall Street Bonuses Appear Doomed Ahead of TrumpObscure regulator of credit unions said to be hurdle for rules; new restrictions clash with Trump pledge to rip up Dodd-Frank.