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, Congress Tussle Over Private Fund Advisor Registration
By Melanie WaddellSEC Commissioner Daniel Gallagher told chief compliance officers on Thursday that he sees cases where the securities regulator can grant exemptive relief for private fund advisors that must register with the agency as mandated by Dodd-Frank.
March 08, 2012
SEC, Industry Experts Issue Stern Warnings to CCOsChief compliance officers received a number of stern warnings on Thursday during the Investment Adviser Associations annual compliance conference just outside Washington.
March 07, 2012
House GOP Rejects Frank Measure for SEC Funding BoostRepublican members of the House Financial Services Committee rejected, 25-17, an amendment introduced by Rep. Barney Frank, D-Mass., that called for approving President Barack Obamas proposed budget increase for the Securities and Exchange Commission in 2013.
March 07, 2012
SEC’s Schapiro in Dust-Up Over Money Market ConferenceThe refusal by the agency's chairman to attend a major money market industry conference in Orlando next week is raising concerns that the coming proposal will be sweeping and severe.
March 06, 2012
Allen Stanford Found Guilty of $7 Billion Ponzi SchemeFormer billionaire Allen Stanford was convicted Tuesday of running a $7 billion Ponzi scheme. He was found guilty on 13 counts of a 14-count criminal indictment, including fraud and conspiracy.
March 02, 2012
Brookstreet CEO Fined $10 Million for Selling Risky CMOs to SeniorsA federal judge has ordered the former CEO of Brookstreet Securities to pay a $10 million penalty for selling risky and illiquid collateralized mortgage obligations to seniors during the financial crisis.
March 02, 2012
At SSG, a Focus on Compliance, Including Expert Advice for State- and SEC-Registered RIAsSome states are shifting field examiners to handle registration duties for the Big Switch, says Chris Winn of AdvisorAssist; states reaching out to RIAs, says NCS Kellli Capitano.
March 01, 2012
SEC Warns: Watch Out for Agency ImpostersThe SEC has issued an investor alert to warn of impersonators who claim to be SEC employees for the purpose of defrauding individuals.