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 Approves New 'Switch' Rules for Advisors
By Marlene Y. SatterUnder rules approved at an SEC open meeting on Wednesday, some 3,200 advisors will find themselves "switched" to state, rather than SEC, regulation because of a change in the way they are classified as mandated by the Dodd-Frank Act.
June 21, 2011
SEC: Insurers to Get CDO Deal CompensationJ.P. Morgan Securities has agreed to pay about $154 million into a settlement fund to resolve a U.S. Securities and Exchange Commission investigation involving CDOs that were sold to life insurers and other institutional investors.
June 15, 2011
SEC Proposes Rule to Broaden Scope of Broker-Dealer AuditsThe SEC on Wednesday proposed amendments to its broker-dealer financial reporting rule in a move the agency says will strengthen the audits of broker-dealers as well as the SEC’s "oversight of the way broker-dealers handle their customers’ securities and cash."
June 14, 2011
Why SEC’s June 22 Meeting Will Dramatically Alter Life for AdvisorsThe vote on the big ‘switch’ means big changes for the investment advisory profession.
June 10, 2011
Dodd-Frank: SEC Posts Swaps Clearing Exemption ProposalThe U.S. Securities and Exchange Commission has proposed a rule that could affect how insurers use securities-based swaps to manage investment risk.
June 07, 2011
Rep. Garrett Prods GAO to Study SIPC Trustee's Handling of Madoff LiquidationRep. Scott Garrett, chairman of the House Financial Services Subcommittee on Capital Markets, is calling on the GAO to investigate SIPC Trustee Irving Picard’s handling of the Madoff liquidation, as well as the SEC's oversight of the matter.
June 07, 2011
Does the Fiduciary Standard Cost Too Much? Not So FastWashington's search for new ways to pay for government, is a good omen for the fiduciary standard, particularly the arguments that it’s “too costly.”
June 06, 2011
Barney Frank to SEC: Don't Impose '40 Act Fiduciary Standard on BrokersRep. Barney Frank sent a May 31 letter to SEC Chairman Mary Schapiro urging the agency to not put brokers under the Investment Advisers Act fiduciary standard.