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.
White House Nominates Peirce, Fairfax as New SEC Commissioners
By Melanie WaddellIf Hester Peirce and Lisa Fairfax are confirmed by the Senate, Commissioner Michael Piwowar would be the only man on the five-member panel.
October 19, 2015
SEC Fines UBS $17.5M for Failing to Disclose Fund’s Risky Strategy ChangeA fund advised by two UBS firms changed its investment strategy to include risky credit default swaps without adequate disclosure, the SEC says.
October 16, 2015
White Says Private Fund Data Gives SEC Truer Picture of Risk in SystemData suggests private funds are healthier operations with less leverage and more controlled risk profiles than was the case five years ago, SEC chief says.
October 16, 2015
SEC, FINRA Enforcement: Wolverine Units Misused Nonpublic InformationMeanwhile, FINRA censured and fined Merrill's clearing arm.
October 13, 2015
UBS to Pay $19.5M Over Structured NotesSEC says this is the first case involving these products and faulty disclosures; it affected 1,900 investors, who lost $5.5 million.
October 09, 2015
SEC, FINRA Enforcement: Firm Expelled Over KickbacksMeanwhile, a Florida advisor was charged with fraud for pushing risky ETFs and hiding his disciplinary history.
October 07, 2015
Blackstone Group to Pay SEC $39M Over Fee ArrangementsBlackstone failed to adequately disclose the acceleration of monitoring fees paid by fund-owned portfolio companies prior to the companies sale or IPO.
October 06, 2015
SEC Needs to Move on Fiduciary Rule, Ex-SEC Chiefs SayAt TD Ameritrade Advocacy Leadership event, ex-SEC Chairwoman Mary Schapiro said, I feel very strongly the SEC needs to move forward now on fiduciary.