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.
Party Crashers
By Arthur D. PostalThe Securities and Exchange Commission is signaling to industry lawyers it is focusing on the disclosures involved in annuities that provide living benefit riders.
November 28, 2011
SEC Charges Three Advisors With Compliance ViolationsThe SEC on Monday charged three investment advisors for failing to put in place compliance procedures designed to prevent securities law violations.
November 16, 2011
Morgan Stanley Pays $3.3 Million in SEC Crackdown on Fee ArrangementsThe SEC on Wednesday charged Morgan Stanley Investment Management with violating securities laws in a fee arrangement that repeatedly charged a fund and its investors for advisory services they werent actually receiving from a third party.
November 11, 2011
UBS Pays $8M Fine to Settle SEC’s Short-Sale CaseThe SEC charged UBS Securities Thursday with faulty record-keeping practices related to short sales, and UBS agreed to pay an $8 million penalty to settle the enforcement action.
November 10, 2011
Senate to Grill SEC Chiefs at Oversight HearingA Senate Banking Subcommittee plans to hold a hearing on Nov. 16 on management and structural reforms at the SEC, with Robert Khuzami and others facing off with the Senators.
November 10, 2011
Judge Imposes Record Fine on Galleon's RajaratnamJudge Jed S. Rakoff assessed a $98.2 million fine against hedge fund billionaire Raj Rajaratnam of Galleon Group while criticizing the SEC's settlements in insider trading cases
November 09, 2011
SEC Crackdown Hits Advisors Hard, as Actions Reach Record in 2011The Securities and Exchange Commission announced Wednesday that the agency filed a record 735 enforcement actions in the fiscal year that ended on Sept. 30.
November 07, 2011
SEC's Schapiro: More Money Market Reforms ComingThe Securities and Exchange Commission plans to issue a proposed rule on money market funds 'in very short order,' said SEC Chairman Mary Schapiro on Monday, which would reduce the funds susceptibility to runs.