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.
Bill Introduced to Make FINRA Self-Regulating
By Arthur D. PostalLegislation has been introduced that will lay the groundwork for the Financial Industry Regulator Authority to become a self-regulatory organization for investment advisers.
April 23, 2012
Fraudulent Families Pt. 1: SEC Settles Father and Son Hedge Fund Fraud CaseGabriel and Marco Bitran to pay $4.8 million penalty, barred from industry, for claiming a nonexistent track record for their quant hedge funds. Theres a Bernie Madoff connection as well.
April 19, 2012
SEC Names New Investment Advisor CzarThe SEC has named Diane C. Blizzard as Associate Director for Regulatory Policy and Investment Advisor Regulation in the Division of Investment Management. Blizzard will supervise two offices that develop recommendations for rulemaking and other policy initiatives under the Investment Company Act and the Investment Advisers Act.
April 19, 2012
SEC Names New Investment Advisor CzarThe SEC has named Diane C. Blizzard as Associate Director for Regulatory Policy and Investment Advisor Regulation in the Division of Investment Management. Blizzard will supervise two offices that develop recommendations for rulemaking and other policy initiatives under the Investment Company Act and the Investment Advisers Act.
April 19, 2012
SEC Slaps OptionsXpress Again, This Time for Delisted TradingThis is the second spate of bad news for the company in as many days.
April 19, 2012
New Hire Roundup: Solomon Named to SEC; Securities America Welcomes LindseyThis week in new hires, Matthew Solomon joined the SEC's enforcement division and John Lindsey went to Securities America.
April 16, 2012
SEC Charges OptionsXpress in Naked Short Selling SchemeThe SEC on Monday charged the Schwab-owned online options firm optionsXpress, as well as four officials at the firm and a customer, in an alleged abusive naked short selling scheme.
April 12, 2012
SEC Fraud Cases: ‘Next Google’ IPO; China Market Manipulation; Florida Ponzi PlayIn Silicon Valley, a fake IPO fleeces investors for $7 million, and in Florida, an advisor targeting gays over-promises and under-delivers