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, Industry Experts Issue Stern Warnings to CCOs
By Melanie WaddellChief compliance officers received a number of stern warnings on Thursday during the Investment Adviser Associations annual compliance conference just outside Washington.
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.
February 28, 2012
SEC, CFTC Issue Joint Rule Proposal on Identity TheftThe 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 24, 2012
‘Triumphs’ of the RegulatorsThe magnificent and multiple failures of financial regulators over the past few years have been rather alarming.
February 24, 2012
SEC’s Schapiro: ‘I Still Strongly Believe’ in Fiduciary Mandate for BrokersSchapiro also said its time for the agency to take the next step in reforming money market funds. Money market funds, she said, remain susceptible to runs; we need to move forward in addressing these structural risks.