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.
Robert Miller: Educating the SEC
By Brian AndersonRobert Miller has spent his one-year term as NAIFA president informing the SEC about the potential unintended consequences of a universal fiduciary standard. Will these efforts be enough to preserve commission-based compensation?
July 25, 2012
To Thwart SRO, Rep. Waters Introduces User Fee BillMaxine Waters, D-Calif., introduced on Wednesday a bill that would allow the SEC to collect user fees from advisors to fund their exams in lieu of an SRO.
July 25, 2012
The Penalty Box: Would Stiffer SEC Fines Make Evildoers Think Twice?An upcoming bill would raise the penalties the SEC can impose on financial ne'er-do-wells. Maybe Congress time would be better spent increasing the likelihood that the SEC will catch anyoneby, oh, I dont know, maybe increasing their funding?
July 24, 2012
SEC, NASAA Tell Small Businesses: Wait to Join the ‘Crowd’The SEC and state regulators are warning small businesses and entrepreneurs to hold off on crowdfunding.
July 20, 2012
Critics Slam SEC’s Municipal Advisor Plan in Dodd-Frank HearingOne expressed concern with the proposed rule is that it defines municipal advisor too broadly.
July 19, 2012
SEC, DOL Enforcement Roundup: CDO Woes, Short-Selling Brothers, Amish FundRecent actions by the SEC and DOL included fines of $127.5 million for a securities firm over false CDO credit ratings and $14.5 million for two short-selling brothers, along with deferred prosecution for an Amish fund.
July 18, 2012
Fate of Dodd-Frank Likely Rests in Election ResultsWith the two-year anniversary of the passage of the Dodd-Frank Act on July 21, industry officials are weighing in on the laws progress.
July 12, 2012
SEC, FINRA Enforcement Roundup: Doctors Fined for Insider TradingRecent actions also include fines for a medical device company accused of bribing the Mexican government and a suit filed by an investment company against breakaway brokers.