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 Orders Advisor With Ties to Wells Fargo to Explain Actions on Doomed CDO
By Joyce HansonThe SEC ordered investment advisor Lisa Premo to answer questions about her alleged part in overstating the NAV of a fund after a CDO went into default in 2008.
January 17, 2012
SEC Inspector General Kotz Leaving AgencyThe SEC on Tuesday said that its inspector general, H. David Kotz, will leave the agency at the end of January to become the managing director in the Washington office of the private investigative services firm Gryphon Strategies.
January 17, 2012
SEC Charges UBS Arm With Improper Mutual Fund PricingThe SEC on Tuesday charged an investment advisory arm of UBS with failing to properly price securities in three mutual funds that it managed, which resulted in a misstatement to investors of the net asset values of those funds.
January 13, 2012
Class Action Suit Brought Against MetLifeAllegations of misleading statements to investors by certain officers and directors brings a class action suit against the insurance giant.
January 13, 2012
SIFMA’s Ryan, Bentsen: Fiduciary, SRO Action on Horizon in 2012, but Not 12b-12012 will be the year of finalizing Dodd-Frank implementation, adds SIFMAs Ryan.
January 09, 2012
SEC Changes Policy on Admission of Guilt in Fraud CasesThe new policy, according to the SEC, does not require admissions or adjudications of fact beyond those already made in criminal cases, but eliminates language that may be construed as inconsistent with admissions or findings that have already been made in the criminal cases.
January 07, 2012
SEC Redefines Insurance Suitability Qualifiers for Certain ProductsThe SEC recently redefined the accredited investor standard that is used to determine whether insureds are permitted to purchase exotic insurance products.
January 04, 2012
SEC Brings Up Charges on Life Partners HoldingsThe SEC alleges that Life Partners Holdings Inc., in conjunction with Dr. Donald T. Cassidy, purposefully underestimated the life expectancies of policyholders in what may be a punishing episode for the secondary market's larger reputation.