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 should require political-spending reports, ex-chairs say
By Dave Michaels, BloombergThey pointed to a record 1.2 million comment letters supporting a 2011 petition by a group of securities law professors as evidence that the agency should act.
May 26, 2015
JPMorgan’s guilty plea puts wealth unit in spot with regulatorsJP Morgan needs the DOL's permission to keep managing money in the $8 trillion private pension market.
May 22, 2015
SEC, FINRA Enforcement: BHP Billiton to Pay $25M Over Olympics InvitesMeanwhile, FINRA has censured and fined EDI Financial Inc. for failing to have supervisory procedures in place for sales of private placements.
May 21, 2015
SEC Charges Atlanta Advisor With Defrauding Police, Firefighter Pension PlansFirm breached its fiduciary duty by selling unsuitable investments to pension funds for the citys police, firefighters and transit workers, the SEC says.
May 20, 2015
SEC Wants Big Form ADV ChangesThe SEC has approved a plan to require advisors to provide more data on separately managed accounts, branch offices and social media on Form ADV.
May 18, 2015
SEC’s Gallagher, Aguilar to Depart as Agency Crafts Fiduciary ‘Term Sheet’Two commissioners are planning to exit as the agency drafts a term sheet on what a fiduciary rule should look like.
May 14, 2015
Nationwide settles claim it manipulated fund orders for 15 yearsNationwide agreed to pay $8 million to end the case, the U.S. Securities and Exchange Commission said Thursday.
May 14, 2015
SEC Fines Nationwide $8M for Delaying Mailed Customer OrdersFor more than 15 years, Nationwide intentionally delayed delivery of untracked mail containing orders from customers, SEC says.