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.
Defining ‘Best Interest’ Standard in Fiduciary Debate a Head Scratcher
By Melanie WaddellTwo industry trade groups and the Financial Industry Regulatory Authority came out recently with uniform best interest standards in an attempt to squelch what they say will be competing fiduciary plans to be issued by the Department of Labor and the Securities and Exchange Commission.
June 26, 2015
SEC Enforcement: Oil CEO Charged With Bilking Investors via Spam EmailsMeanwhile, the microcap promoter who got in trouble for a pump-and-dump scheme involving Daniel Rudy Ruettiger's company is in the SEC's sights again.
June 26, 2015
Senators Think Stock Buybacks Might Be ManipulativeSome politicians, like Sens. Elizabeth Warren and Tammy Baldwin, think that stock buybacks are bad and that the SEC should forbid them as market manipulation.
June 23, 2015
SEC Busts Firms in $79M Immigration SchemeThe SEC charged two firms with illegally brokering more than $79 million of investments from foreigners seeking U.S. residency through the governments immigrant investor program.
June 19, 2015
SEC Enforcement: Fantasy Sports-Style Investing Site Gets a Little Too RealMeanwhile, 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 19, 2015
State Street receives SEC Wells notice on pension solicitingThe SEC is investigating State Streets use of lobbyists and consultants, and in at least one instance, political contributions.
June 18, 2015
36 BDs to Pay SEC $9M for Muni Bond Underwriting FailuresRaymond James, Merrill Lynch and Goldman Sachs were among the firms fined.
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.