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, FINRA Enforcement: BHP Billiton to Pay $25M Over Olympics Invites
By Marlene Y. SatterMeanwhile, FINRA has censured and fined EDI Financial Inc. for failing to have supervisory procedures in place for sales of private placements.
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.
May 14, 2015
New Hire Roundup: SEC Names Grim Director of Investment ManagementMeanwhile, Merrill has created a retirement income and investment team and a Mercatus fellow has been named chief economist for House Financial Services.
May 12, 2015
Nobody’s Worried About ‘Too Big to Jail’ AnymoreA criminal guilty plea no longer comes with the expectation that it will destroy a bank.
May 11, 2015
SEC Charges Radio Hosts With Misleading Life Settlement InvestorsThe Texas-based hosts falsely told investors that interests in life settlements they sold were guaranteed, safe as CDs and federally insured, the SEC says.
May 08, 2015
SEC’s White ‘Proud of Progress’ at CommissionMary Jo White told attendees at the Rocky Mountain Securities Conference that she was proud of the progress the SEC has made in reducing risk to investors.