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 Enforcement Roundup: Broker Charged With Stealing to Pay for Mortgage, Groceries
By Marlene Y. Satter and Melanie WaddellAmong recent SEC enforcement actions were charges that a broker stole client funds and used them to pay for his own personal expenses, including groceries and a mortgage.
September 12, 2012
SEC Names Bowden Deputy Director of Exam DivisionThe SEC announced Wednesday that Andrew J. Bowden has been named deputy director of the agencys Office of Compliance Inspections and Examinations (OCIE).
September 11, 2012
Vanguard’s Bogle to SEC’s Schapiro: Include Institutional Advisors in Fiduciary RuleIn the debate over how to shape a fiduciary mandate for brokers, Vanguard founder John Bogle says that the SEC should include in its rule advisors to registered investment companies, which have been ignored.
September 10, 2012
SEC’s Schapiro to AdvisorOne: Fiduciary Issue Still ‘Important’Before meeting with industry heavyweights on Tuesday regarding the fiduciary rule, Schapiro told AdvisorOne that the SEC is still working to advance a fiduciary rulemaking.
September 10, 2012
SEC Charges 3 Brokers for Churning, Costing Clients $2.7 MillionThe SEC said Monday that it has charged three former brokers at an Atlanta-based brokerage firm, JP Turner & Co., for churning the accounts of customers with conservative investment objectives, causing the customers to lose $2.7 million.
September 07, 2012
Nearly Half of U.S. AUM in Hands of ‘Red-Flagged’ Advisors: ReportAn increasingly litigious society makes it harder for investment advisors to maintain a spotless record.
September 06, 2012
Is SEC Really Too Cozy With Wall Street?Revelations of the close ties between a former SEC commissioner and key SEC policymakers are reviving questions about a so-called revolving door in which the lure of future high-paying jobs may improperly influence government decisions.
September 06, 2012
SEC Enforcement Roundup: Radio Financial Guru ChargedRecent SEC enforcement actions include charges against a California man who tipped off a hedge fund manager with inside information and a radio personality who misled investors about an investing plan.