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.
Forget Advisor SRO; Use External Auditors for Exams, Academic Study Urges
By Melanie WaddellA Georgetown business school professor offers another option in lieu of an SRO for advisors: outsourcing routine advisor exams to external third parties, such as accounting and consulting firms.
October 26, 2011
New Hire Roundup: Reinhart Joins Wealthcare Capital, Bowden Goes to SECThis week in new hires, Len Reinhart joined Wealthcare Capitals board, Andrew J. Bowden was appointed the SECs new associate director of advisor exams, and the Senate confirmed Luis Aguilar and Daniel Gallagher as SEC commissioners.
October 19, 2011
Citigroup to Pay $285 Million to Settle SEC Charges on CDO DealThe SEC charged Citigroups principal U.S. broker-dealer subsidiary with betting against clients who invested in the CDO as the housing market showed signs of distress.
October 13, 2011
Harmonizing Advisor, BD Rules Back Burner Issue for SEC: fi360's Thompson SaysHarmonization of advisor and broker rules is an issue thats lower on the totem pole for the SEC now, Duane Thompson, senior policy analyst with fi360, said on Thursday. However, there are clearly areas where harmonization needs to occur.
October 13, 2011
New Hire Roundup: Conley Rises at SECThis week in new hires, Michael A. Conley was named deputy general counsel in the SECs office of general counsel. Also, Scott L. Lummer was named CIO and head of Savant Investment Groups new Santa Rosa office.
October 10, 2011
ACLI Urges SEC to Target Life Settlement IndustryThe ACLI requests that the SEC outlaw virtually the entire secondary insurance market in the biggest broadside against the life settlement industry in months. How will the life settlement industry respond?
October 07, 2011
For YOUR Own GoodDodd-Frank does not require a rule, just the already-completed study. But internal pressure from the advisory and retail investment world is mounting for clarity and a standard ruleas has interest among private firms advisors and some consultantsfor those selling life/annuity insurance and other investment products in the broker channel to...
October 06, 2011
For YOUR Own GoodDodd-Frank does not require a rule, just the already-completed study. But internal pressure from the advisory and retail investment world is mounting for clarity and a standard ruleas has interest among private firms advisors and some consultantsfor those selling life/annuity insurance and other investment products in the broker channel to...