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, CFTC Issue Joint Rule Proposal on Identity Theft
By Melanie WaddellThe SEC on Tuesday announced a rule proposal to help protect investors from identity theft by ensuring that broker-dealers, mutual funds, and other SEC-regulated entities create programs to detect and respond appropriately to red flags.
February 16, 2012
SEC Tightens Rule on Advisory Performance FeesThe SEC announced Thursday that it is tightening its rule on investment advisory performance fees to raise the net worth requirement for investors who pay performance fees by excluding the value of the investors home from the net worth calculation.
February 07, 2012
SEC’s Money Market Rule Changes Assailed by Fund CompaniesICIs Paul Schott Stevens warns agency hat trick will jeopardize investors, businesses, governments and the economic recovery.
February 01, 2012
SEC Brings Up Charges on Life Partners HoldingsThe SEC announced on Jan. 3 that disclosure and accounting fraud charges will be levied against Life Partners Holdings Inc., (NASDAQ GS: LPHI) a Waco-based, publicly traded life settlement firm that is considered a pioneer in the secondary market.
February 01, 2012
SEC Charges Former Credit Suisse Investment Bankers over Subprime Bond Pricing SchemeThe Securities and Exchange Commission today charged four former veteran investment bankers and traders at Credit Suisse Group for engaging in a complex scheme to fraudulently overstate the prices of $3 billion in subprime bonds during the height of the subprime credit crisis.
January 31, 2012
SEC Brings Up Charges on Life Partners HoldingsThe SEC announced on Jan. 3 that disclosure and accounting fraud charges will be levied against Life Partners Holdings Inc., (NASDAQ GS: LPHI) a Waco-based, publicly traded life settlement firm that is considered a pioneer in the secondary market.
January 31, 2012
SEC: Senior Management and Boards That Fail to Support Compliance Face Most ScrutinyCarlo di Florio, director of the SECs Office of Compliance Inspections and Examinations, said Tuesday that the SEC is bent on elevating the role of compliance by underscoring that it is not a responsibility that stops at the desk of the CCO."
January 23, 2012
Diamondback Capital Agrees to Settle SEC ChargesThe Securities and Exchange Commission announced Monday that Diamondback Capital Management has agreed to settle charges of insider trading for more than $9 million.