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.
SRO Bill May Arrive This Fall
By Melanie WaddellLawmakers and industry officials debated the merits in mid-September of whether there should be a self-regulatory organization (SRO) for advisors, and at least one industry official says to expect SRO legislation from the House this fall.
September 26, 2011
SEC May Seek Legal Action Against S&PAn issue over the rating of a collateralized debt obligation from 2007 prompted the SEC Thursday to send a so-called Wells notice to McGraw-Hill, the parent company of Standard and Poors.
September 21, 2011
Pension Plans: Don't Let the Foxes Pick the Henhouse GuardsPublic pension plan administrators say proposed swap advisor sophistication rules could backfire and put the plans at the mercy of the swap dealer.
September 21, 2011
While Bachus Pushes Advisor SRO Bill, Sen. Johnson Isn't Quite ReadyBachus has warmed up to more SEC funding because he sees that it would help the SEC with its oversight of any advisor SRO.
September 20, 2011
Dodd-Frank: Consumer Groups Blast SEC Swap Conduct ProposalThe Consumer Federation of America is leading a coalition of groups that wants federal regulators to make the rules governing swaps involving pension plans and endowments as strict as possible.
September 20, 2011
SEC’s IG Report Says Ex-Counsel Becker Benefited in Madoff LiquidationAn SEC Inspector General report released Tuesday alleged that the agencys former general counsel, David Becker, benefited personally by participating in matters related to the liquidation proceedings dealing with the Bernie Madoff fraud.
September 15, 2011
SEC Head Defends Need for Funding IncreaseU.S. Securities and Exchange Commission Chairman Mary Schapiro has accused House Republicans of trying to cripple the agency by holding its budget flat and imposing burdensome cost-benefit analysis requirements.
September 14, 2011
SEC Head Defends Need for Funding IncreaseU.S. Securities and Exchange Commission Chairman Mary Schapiro has accused House Republicans of trying to cripple the agency by holding its budget flat and imposing burdensome cost-benefit analysis requirements.