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’s Schapiro Expects Fiduciary Standard Proposal in 2013
By Joyce Hanson"The passage of time has not discouraged me at all," Schapiro said at SIFMA's annual meeting on Wednesday. "The devil is in the details, but Im more confident that we will get it done, not less.
October 19, 2012
SEC’s Aguilar Calls for Harsher Penalties Against Repeat FraudstersThe SEC must re-evaluate the strength of its initial settlements and specifically design a program to combat repeat fraudsters, SEC Commissioner Luis Aguilar said.
October 12, 2012
SEC Proposes Extension of Principal Trading Temporary RuleThe SEC is proposing to extend the date on which temporary rule 206(3)-3T sunsets by another two years, from Dec. 31, 2012 to Dec. 31, 2014.
October 11, 2012
SEC Creates Deputy CIO Position to Spur ModernizationIn her new role as deputy director, Pamela Dyson will coordinate closely with the agencys divisions and offices to maintain an innovative, secure and efficient technology infrastructure, the SEC says.
October 09, 2012
Can Advisors Have ‘Zero’ Conflicts of Interest? The Legal and Regulatory RecordThe CFP Boards director of investigations makes the case that there is no such thing as zero conflicts of interest and that the nature of material conflicts of interest is subject to change.
October 05, 2012
SEC Charges Four Brokers With Overcharging Customers $18.7 MillionThe 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.
October 05, 2012
DOL, SEC Enforcement Roundup: 401(k) Trustees Sentenced for EmbezzlementThe DOL and the SEC took action recently on a number of cases that included embezzlement and breach of fiduciary duty, illegal tips on M&As, failure to protect confidential information and fraud.
September 27, 2012
SEC, FINRA Enforcement Roundup: Merrill Slapped With $500,000 FineRecent FINRA actions include a $500,000 fine against Merrill Lynch for failing to file required reports, and a joint action with the SEC and the exchanges against Hold Brothers.