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 Charges Four Brokers With Overcharging Customers $18.7 Million
By Melanie WaddellThe SEC charged four brokers who formerly worked on the cash desk at a New York-based BD with using hidden markups and markdowns and secretly keeping portions of profitable customer trades.
September 27, 2012
Goldman Sachs Agrees to Pay $12 Million for Pay-to-Play ViolationsSEC says Goldman fine is the biggest it has levied for MSRB pay-to-play violations, this one involving undisclosed contributions to a political candidate a Goldman banker was soliciting for business.
September 26, 2012
HighTower Advisors: The New Face of Fiduciary?Does any advisor have "zero conflicts of interest?"
September 25, 2012
SEC Fiduciary Rule Stalled—But for How Long?A fiduciary rule from the SEC looks to be years away.
September 24, 2012
As Congress Keeps SEC Budget Flat, SRO Specter Still LurksBefore breaking for recess, Congress passed early Saturday a continuing resolution that would nearly flat-line the SEC's budget, renewing worries that a House bill calling for an SRO for advisors will be revived next year.
September 20, 2012
SEC Enforcement Roundup: Hedge Fund Manager’s $37 Million Ponzi Scheme BustedOthers facing SEC charges include a former director in a compensation scheme that netted hundreds of thousands of dollars in undisclosed income.
September 18, 2012
Sen. Corker: SEC Nearing a Money-Market Fund SolutionThe senator urged the SEC in a letter to move ahead with further reform, saying a run on money-market funds is still a real risk.
September 14, 2012
SEC Fines NYSE for Giving Proprietary Customers Head Start on Market DataNYSE Euronext agreed to a $5 million penalty for sending market data to proprietary customers' feeds before broadcasting it publicly, becoming the first exchange to pay an SEC fine.