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 Rominger Replaced by Champ, a Former Hedge Fund Counsel
By Gil WeinreichNorm Champ, who's been with the SEC since 2010, brings his understanding of financial chicanery to bear on investment funds and advisors.
June 29, 2012
SEC, NASAA to Small Businesses: Hold Off on CrowdfundingState regulators warned small businesses that they should wait until the SEC has finalized its crowdfunding rules before offering shares in their ventures for public sale.
June 28, 2012
D-Day Has Arrived for the ‘Switch’ From Federal to State RegistrationThursday marked the deadline for advisors with assets of between $25 million and $100 million under management to switch from federal to state jurisdiction.
June 27, 2012
SEC Charges Falcone, Harbinger Capital With FraudThe charges "read like the final exam in a graduate school course in how to operate a hedge fund unlawfully," the agency says.
June 26, 2012
SEC Funding Boost ‘Not Going to Happen’: SRO Bill Co-SponsorIndustry trade groups and consumer advocates opposed to House Financial Services Committee Chairman Spencer Bachus bill calling for a self-regulatory organization (SRO) to oversee advisors had their hopes quashed that the Securities and Exchange Commission (SEC) would receive a boost in funding in order to thwart an SRO.
June 26, 2012
SEC ‘Seriously Considering’ Simpler VA ProspectusInvestor demand for an alternative to the 150- to 300-page VA prospectus remains strong, according to a just-released survey by the IRI, and the SEC is seriously considering approving shorter documents.
June 25, 2012
FINRA’s Selman: No Political Appetite for User Fee ApproachThe passage of legislation to allow the SEC to collect user fees to fund advisor exams in the current political environment is very unlikely, a FINRA official said Monday.
June 21, 2012
SEC’s Schapiro: Money-Market Funds’ Stable NAV Is a ‘Fiction’SEC Chairwoman Mary Schapiro reiterated to senators Thursday that further reforms to money-market funds are necessary, saying the funds still pose a significant risk to the nations economy.