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.
Why SEC Is Cracking Down on 12b-1 Fees and ‘Distribution-in-Guise’
By Chris StanleyOnce again, the SEC provides "guidance" to advisors in the form of an enforcement action, this time a $40 million judgment against First Eagle.
September 28, 2015
For Compliant Advisors, Known (and Unknowable) UnknownsThe SEC, FINRA, DOL regulations and oversight come from all sides, and anticipating what's compliant today but won't be tomorrow is a tricky game.
September 25, 2015
SEC Enforcement: Advisor’s Deceptive Press Release on Barnes & Noble Halted TradingMeanwhile, a consultant to Panda Restaurant Group and his friend were charged with insider trading related to the bidding process for P.F. Changs.
September 22, 2015
SEC Censures, Fines St. Louis Advisor Firm for Lax Cybersecurity PoliciesA firm that "failed entirely" to protect thousands of clients' data from a cyberattack will pay a $75,000 fine.
September 21, 2015
SEC Fines First Eagle, Affiliate $40 Million for Improperly Charging ShareholdersThe firms used shareholder money instead of 12b-1 fees to pay for fund distribution, the SEC said. Similar enforcement actions could be in the offing.
September 17, 2015
SEC Removes Ratings References From Money Market Fund Rules"Reducing reliance on credit ratings to determine which securities money market funds can hold is an important part of our efforts," said SEC chief White.
September 11, 2015
SEC Enforcement: ‘Indestructible Wealth’ Wasn’t so IndestructibleMeanwhile, a hedge fund exec was accused of pumping up a fund's value to pocket extra fees.
September 09, 2015
SEC: ‘Financial Myth Buster’ Dawn Bennett Spun a Myth About Her Firm’s AssetsThe host of a radio show, "Financial Myth Busting With Dawn Bennett," and her firm are accused of inflating their AUM.