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 socks MassMutual with $1.6 million VA penalty
By Melanie WaddellThe SEC charged the insurer for failing to sufficiently disclose the potential negative impact of a "cap" on complex variable annuity products.
November 13, 2012
Bruce Bent Cleared in SEC Fraud ChargesBruce Bent, founder of the first money market fund, was cleared of fraud charges Monday after the SEC alleged that he deceived investors leading up to the Primary Reserve Fund breaking the buck.
November 09, 2012
To Thwart SRO Bill, Coalition Is Pressing for Senate User Fees BillNystrom of NAPFA: the Financial Planning Coalition is 'seeing where our strengths are' in the Senate to ensure a user fees bill gets introduced in 2013.
November 05, 2012
Number of RIAs Drops as AUM Spikes: IAA, NRSThe Dodd-Frank Act "has had a profound effect on the composition of the investment advisory profession," says David Tittsworth of IAA.
November 02, 2012
‘No timing’ on VA summary prospectus: SEC’s NashNash also said she couldnt predict where such a rule proposal falls among the SECs priorities.
November 01, 2012
‘No Timing’ on VA Summary Prospectus: SEC’s NashNash also said she couldnt predict where such a rule proposal falls among the SECs priorities.
November 01, 2012
In Money Market Fund Reform, FSOC Must Act Carefully: DechertTreasury Secretary Geithner's proposal seeks to have the FSOC make recommendations for fund reform before it has established a fair process, Dechert says.
October 30, 2012
SEC's Gallagher: Fiduciary Rule Needs More Study; Failure to Supervise Should be FocusAs SEC Chairwoman Mary Schapiro was stating last week her belief that the agency could issue a proposed rule to put brokers under a fiduciary mandate next year, the newest SEC commissioner, Daniel Gallagher, declared that the SEC must first determine if such a rule is necessary, stating the agency...