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 to Get $136M Increase Under New Spending Bill for 2012
By Melanie WaddellBipartisan deal to avert government shutdown includes $1.3 billion in funding for the SEC in 2012, but $25 million cut from Dodd-Frank reserve fund; extension of payroll tax cut still up in the air.
December 15, 2011
Advisor SRO Would Cost Twice as Much as Funding SEC ExamsThe report, conducted by BCG and funded by advisor groups and TD Ameritrade, was released before a House panel vote on a spending bill that included a $136 million increase for SEC funding.
December 12, 2011
Why Schapiro’s ‘Business-Model Neutral’ Fiduciary Approach Shouldn’t Be NewsDespite the ruckus over SEC Chairman Schapiro's comments on a 'business-model neutral' fiduciary standard, it shouldn't be a big deal if SEC rule-making remains true to Dodd-Frank and the plain meaning of its plain language.
December 08, 2011
SEC Says Wachovia Rigged Muni Bids; Bank to Pay $46 MillionThe SEC charged Wachovia Bank on Thursday with fraudulently engaging in secret arrangements with bidding agents to improperly win business from municipalities and guarantee itself profits in the reinvestment of municipal bond proceeds.
December 02, 2011
Timing of SEC’s Fiduciary Rule Debated at CFA Conference (AdvisorOne)The timing of the SEC's proposed fiduciary rule continues to be debated, although most insiders feel confident that it will happen.
December 02, 2011
Judge Rakoff Says Goldman's Blankfein Can Testify in Insider Trading CaseControversial Federal judge orders that deposition can be taken before Rajat Gupta insider trading trial.
December 01, 2011
Party CrashersThe Securities and Exchange Commission is signaling to industry lawyers it is focusing on the disclosures involved in annuities that provide living benefit riders.
December 01, 2011
Timing of SEC’s Fiduciary Rule Debated at CFA ConferenceWhile optimism remains that the Securities and Exchange Commission will issue a rule putting brokers under a fiduciary mandate, the question being debated among industry and consumer officials is exactly when it will happen.