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: Money Manager Fined for False Advertising
By Marlene Y. SatterAlso, FINRA hit Banorte-Ixe Securities for failure to act when a client with reported drug cartel ties made $28 million in transfers.
January 29, 2014
SEC to Keep Close Eye on Advisors Who Are ‘Highly Successful’ at RolloversThe goal is to see whether there is an abuse of rollovers, says Kevin Goodman, national associate director of the SEC's BD exam program.
January 28, 2014
SEC Issues Risk Alert on Alternatives Due DiligenceThe SEC is warning advisors to be careful when recommending alternative investments like hedge funds, private equity funds or funds of private funds.
January 27, 2014
SEC Chief: Rule Priorities in ’14 Include Money Market Funds, CrowdfundingFiduciary rule fails to make the list, but SEC Chief White talks up a new exam tool that can analyze millions of transactions a day.
January 24, 2014
KPMG to Pay SEC $8.2M to Settle Independent Auditor ViolationsKPMG broke auditor independence rules by providing prohibited non-audit services to affiliates of companies whose books they were auditing.
January 23, 2014
Staying SEC-Compliant on Books & Records: Electronic RecordkeepingFor your SEC compliance pleasure, a plain-English translation of the Advisers Acts requirements on how you should maintain your records and provide them to examiners.
January 23, 2014
SEC, DOL Enforcement: Big Four Accounting Firms Must Disclose China-Related RecordsMeanwhile, DOL wins a $10 million settlement in ESOP case and Massachusetts bars an advisor for fraudulent, unethical activities.
January 17, 2014
SEC, FINRA, DOL Enforcement: $2 Million Restored to U.S. Postal Drivers’ 401(k)sMeanwhile, SEC announces settlements in penny stock shell packaging scheme and agency wins on front running, loses on insider trading in Illinois case.