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 Fiduciary Rule Unlikely in Dodd-Frank’s Third Year of Life
By Melanie WaddellAdvisors, including Harold Evensky, and industry officials are increasingly pessimistic that the year will bring a uniform fiduciary rule. However, the first designation of an asset management firm as systemically important could be coming soon.
July 18, 2013
Enforcement Roundup: Barclays, Traders Fined $488M for Energy Market ManipulationAmong recent enforcement actions, the SEC fined Rajat Gupta $13.9 million for tipping off Raj Rajaratnam, and FERC fined Barclays and four of its former traders a combined $487.9 million for manipulating energy markets.
July 16, 2013
SEC’s Structured Products Chief to ExitThe SEC announced Tuesday that Kenneth Lench, chief of the Enforcement Divisions Structured and New Products Unit, will leave the agency for the private sector at the end of July.
July 16, 2013
SEC Nominees Vote Tabled Due to Lack of QuorumMeanwhile, the Senate confirmed Richard Cordray as CFPB director.
July 15, 2013
How the SEC Stacks the DeckThe low burden of proof required when the SEC brings a case can easily threaten RIAs' livelihoods.
July 11, 2013
SEC, FINRA Enforcement: Radio Personality Fined Over ‘Buckets of Money’Among other recent enforcement actions was an account freeze in an insider trading case involving a leather bag maker turned biomed developer.
July 10, 2013
SEC Lifts Ban on Hedge Fund AdvertisingThe new rule, approved by a 4-1 vote, was required by the JOBS Act. NASAA and ICI voiced their disappointment in the rule's lack of investor protections.
July 10, 2013
The 'cost' of fiduciary: The wacky folks at NAIFA are at it againId like to give a special shout out to my main men at NAIFA for their ongoing efforts to keep me from getting bored.