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 Tests Effectiveness of Disclosures; Fiduciary Rule Pending
By Melanie WaddellAs a decision regarding a fiduciary rulemaking hangs in the balance, two SEC commissioners are espousing investor testing as a way to help the agency better disclose broker and advisor standards of care.
December 17, 2014
Enforcement: Nationwide to Pay $140M in 13-Year ERISA SettlementIn another action, the SEC charged the owner of a home restoration business with securities fraud for selling unsecured notes to investors.
December 11, 2014
Morgan Stanley Pays $4M to SEC Over Market Access ViolationsMorgan Stanley allowed a rogue trader to engage in fraudulent trading of Apple stock and lose $5.3 million, the SEC said.
December 10, 2014
More Advisor Audits Needed—Only Not From SEC: Pitt, SchweissHarvey Pitt and Skip Schweiss agree: it's time to privatize advisor audits.
December 10, 2014
Mark Cuban, Chris Cox Condemn SEC as ‘Rogue’ AgencyFormer SEC chair Chris Cox says "we've got to [stop] people going rogue" in an admission his former agency has exhibited prosecutorial overreach.
December 10, 2014
Lawmakers Push Vote on Spending Bill; SEC Funding BoostedLawmakers avert shutdown with a deal late Tuesday, but critics call it a stealth attack on financial reform.
December 08, 2014
SEC Slams Programmer of Virtual Currency-Based Stock ExchangesSEC sanctioned a computer programmer for operating two online venues trading stocks using bitcoin or litecoin without registering them as BDs or stock exchanges.
December 05, 2014
SEC Pushes to Test Effectiveness of Investor DisclosuresWe should formulate a plan to incorporate thorough investor testing into as many of our projects as possible, SEC Commissioner Kara Stein said.