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 Tightens Rule on Advisory Performance Fees
By Melanie WaddellThe 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 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.
January 20, 2012
SEC Orders Advisor With Ties to Wells Fargo to Explain Actions on Doomed CDOThe 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 20, 2012
Fiduciary Duty Rule: A Status Report One Year LaterJanuary 21 marks the one-year anniversary of the SEC handing over to Congress its report under Section 913 of Dodd-Frank recommending that brokers adhere to a fiduciary duty.
January 19, 2012
The Stanford Ponzi Scheme: A Big, Black Eye for the SEC?Allen Stanford will soon go on trial for a Ponzi scheme. At least one critic believes it will give the SEC and FINRA a bigger black eye than Madoff.