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.
Senators Grill SEC Nominees Over DOL Fiduciary Rule, Political Contributions
By Melanie WaddellIf confirmed by the Senate, the two new SEC commissioners will be instrumental in helping the agency determine the outcome of a potential uniform fiduciary rule for brokers.
March 24, 2016
Novartis to settle SEC's China bribe case for $25 millionThe SEC says prescription incentives included payment of cover charges at a strip club.
March 22, 2016
SEC, DOL Fiduciary Rules Will Likely Be Different, White SaysWhile it's "without question" that the SEC is working on a uniform fiduciary rule, it likely won't mirror DOL's rule, SEC Chairwoman White said.
March 18, 2016
SEC Enforcement: $10M Jamaican Business Ponzi Scheme BustedKansas-based Central States Capital Markets, its CEO and two employees breached their fiduciary duty by not disclosing a conflict of interest to a municipal client.
March 15, 2016
Senators Grill SEC Commissioner NomineesThe confirmation hearing for SEC commissioner nominees Hester Peirce and Lisa Fairfax wasn't exactly a lovefest.
March 15, 2016
SEC Fines Muni Advisor in Dodd-Frank Fiduciary CaseThe SEC fined a Prairie Village, Kansas-based firm for failing to disclose conflicts to a municipal client.
March 14, 2016
SEC Fines 3 AIG Advisor Group BDs $9.5M on Excess Fund FeesSagePoint, Royal Alliance and FSC Securities steered mutual fund clients into more expensive share classes and collected $2 million in fees, the SEC says.
March 11, 2016
SEC Officials Butt Heads Over Third-Party Advisor AuditsAt IAA conference, two competing approaches to increasing advisor exam frequency: shifting BD examiners to RIAs or third-party audits.