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.
SEC Enforcement: Fantasy Sports-Style Investing Site Gets a Little Too Real
By Marlene Y. SatterMeanwhile, Massachusetts-based Interinvest Corp. and its owner funneled more than $17 million in client assets into four troubled Canadian penny stock companies, the SEC says.
June 16, 2015
Judge Intervenes After SEC Creates Wrongful BD ‘Death Spiral’A judge has turned a $19 million SEC case against Panamanian broker-dealer Verdmont into a $240,000 case because of the agency's rush to judgment.
June 16, 2015
SEC: Self-Directed IRA Custodian Ignored Red Flags in 2 SchemesThe Ohio-based IRA provider is accused of ignoring red flags in one scheme targeting churchgoers and another targeting real estate investors.
June 16, 2015
Mike Tyson’s Former Advisor Bilked Athletes at Live Nation-Owned Firm: SECBrian J. Ourand, former president of SFX, wired money to himself from client accounts, SEC says. The firm's CCO was fined for failing to supervise.
June 15, 2015
SEC’s Stein Expects Fiduciary Rule, Sees ‘Cracks’ in Registered FundsSEC Commissioner Stein voiced concern with cracks starting to appear in the Investment Company Act's foundation, particularly regarding bank loans, ETFs and alternative mutual funds.
June 12, 2015
SEC Seeks Comments on Listing, Trading of New, Complex ETFsThe agency has seen a big increase in requests to approve novel exchange-traded products and is concerned about effects on retail investors.
June 12, 2015
SEC Enforcement: Phony Hedge Fund Manager Charged With Duping Small Businesses Out of $4MIn another action, a Canadian trader has agreed to settle SEC charges in a short-selling scheme.
June 10, 2015
House Panel to Keep SEC Budget Flat as Lobbyists Lose Hope on User FeesThe advisory industry needs to move on to other [exam] options like third-party audits and raising the AUM threshold for state-examined advisors, says TD's Schweiss.