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.
Lawmakers Grill DOL’s Solis on Fiduciary Duty Redraft
By Melanie WaddellAt a House hearing, lawmakers took Labor Secretary Hilda Solis to task Wednesday over how the DOLs recrafting of its fiduciary rule is progressingspecifically on the timing of the re-proposed rule and the rules inclusion of IRAs.
March 16, 2012
SEC’s Schapiro Opposes Stopping Money Market ReformsDespite the deluge of comments opposing the SECs plans to soon issue a rule to further reform money market funds, SEC Chairman Mary Schapiro insisted Thursday that the funds still have structural flaws that must be addressed.
March 15, 2012
Blistering Criticism of JOBS Bill May Push Senate ChangesA House bill intended to benefit business startups and stimulate job creation has been so sharply criticized on its way to the Senate that opponents may prevail in strengthening consumer protections they say were trashed.
March 15, 2012
SEC Adds 130 Examiners for ‘Priority’ Areas: Exam Chief di FlorioCarlo di Florio, director of OCIE, told CCOs that the SEC has hired 130 new examiners over the last 18 months and that the agency is focusing on three 'priority' areas when it comes to advisory firms.
March 15, 2012
What’s Behind Congressional Freeze on SEC Funding?In part one of a two-part series on the Bizarro World inside the beltway, a skeptical observer suggests theres a method to the madness of starving the SEC of what it needs to do its job.
March 13, 2012
Likely on Its Way: Greater Compliance Burden for AdvisorsA little historical perspective on investment advisor registration: past is prologue.
March 13, 2012
JOBS Bill Under Fire by SEC, NASAA, Consumer AdvocatesA bill that started out as seven separate pieces of legislation intended to benefit business startups and stimulate job creation is coming in for criticism as it heads to the Senate, as opponents say that it does away with consumer protection.
March 12, 2012
Senate to Introduce Bill to Help Small BusinessesThe Senate is set to come out with its version of legislation to help small businesses raise capital, paralleling a measure that cleared the House in a somewhat different form last week by a large bipartisan margin.