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 Fines Bitcoin Entrepreneur for Selling Unregistered Shares
By Melanie WaddellThe SEC fined the co-owner of two bitcoin-related websites for publicly offering shares in the two ventures without registering them.
May 23, 2014
SEC: Accountant Bet Client’s Money at Client’s CasinoThe SEC found that Deloitte LLP's chief risk officer accepted tens of thousands of dollars in casino markers while advising the casino's audit.
May 22, 2014
SEC Enforcement: Fund Manager Charged With Defrauding Fellow Church MembersIn other actions, the SEC fined Rafferty Capital Markets for facilitating trades for an unregistered firm.
May 22, 2014
Harvey Pitt’s Solution to SEC’s RIA Exam ShortfallSEC Chairwoman Mary Jo White says third-party exams are a creative idea, but there are a number of issues. Ex-Chairman Pitt offers one solution.
May 21, 2014
Thomas Giachetti, Stark & Stark’s Legal Celebrity: The 2014 IA 25 ProfileTim Welsh of Nexus Strategy likes to call Giachetti the only celebrity securities attorney, but Giachetti says he never wanted to be a lawyer.
May 21, 2014
Gallagher: SEC fiduciary rule won’t ‘stave off’ DOL redraftThe rerelease of a DOL rule proposal is a very real issue, and we have to take it into account, SEC Commissioner Daniel Gallagher said.
May 20, 2014
Gallagher: SEC Fiduciary Rule Won’t ‘Stave Off’ DOL RedraftFolks have said do a rulemaking because it will stave off Labor. I dont like rulemaking to stave off other people, says SEC's Gallagher.
May 19, 2014
Advisor barred for hiding astrology-based investment strategyAmong recent enforcement actions, the SEC barred an investment advisor who failed to tell his clients that he used astrology to determine his investment strategy.