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.
Morgan Stanley to Pay $8.8M to Settle SEC Charges in ‘Parking’ Scheme
By Emily ZulzA former Morgan Stanley portfolio manager engaged in prearranged trades that benefited some clients while harming others, the SEC says.
December 17, 2015
SEC Allows Third Avenue to Temporarily Halt RedemptionsThe firm canceled a controversial plan to freeze shareholder assets for a year or more.
December 16, 2015
The SEC Has a History of Punishing Advisors for Others' MisstepsThe SECs action against Virtus for negligence by a subadvisor shows why investment advisors should take no comfort from the SECs setbacks in court.
December 15, 2015
SEC Charges Advisory Firm With Fraud Over Illiquid Bond SalesAAM purchased dubious bonds on behalf of clients while aware that the sales would generate a fee for an affiliated BD, the SEC says.
December 11, 2015
SEC Floats Rule to Rein In Funds’ Use of DerivativesPlan would create "modernized, comprehensive regulatory framework" to reflect the evolution of funds derivatives use, says SEC chief Mary Jo White.
December 09, 2015
SEC Investor Advocate Wants Elder Fraud Rule for RIAsSEC Investor Advocate Rick Fleming says he's looking into a rule for RIAs that would pause transactions in the case of elder fraud.
December 09, 2015
DOL Out of Bounds With Fiduciary Rule: Bachus, KotzAlso, RIA examiners have a competency problem, former Rep. Spencer Bachus and former SEC Inspector General David Kotz say at MarketCounsel Summit.
December 08, 2015
5 not-so-bold regulatory predictions for 2016The sheer volume of complicated rulemaking that is pouring out of Washington bodes well for billable hours but not for bottom lines.