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.
Senate Democrats: GOP Cuts to SEC Could Mean Another Madoff
By John SullivanTop Senate Democrats sent a letter to the leader of the House Appropriations Committee House appropriators on Tuesday criticizing Republican’s proposed cuts to the SEC, calling them “unacceptable and counterproductive.”
June 27, 2011
SEC Official: Fiduciary Rule ‘Likely’ This Year, but Not HarmonizationA senior official at the SEC said Monday that while he believes the securities regulator will issue a rule putting brokers under a fiduciary mandate this year, the agency will hold off on issuing one on the overall harmonization of advisor and broker rules.
June 27, 2011
Financial Planning Coalition Sends Fiduciary Letter and Petition to SEC, CongressThe Financial Planning Coalition delivered a letter to the Securities and Exchange CommissionThursday, accompanied by a petition signed by 5,200 financial planners, urging the SEC to apply a fiduciary standard to anyone providing personalized investment advice to retail clients.
June 23, 2011
Dodd-Frank: SEC Turns 3,200 Advisors Over to StatesThe U.S. Securities and Exchange Commission has approved a final rule that will put about 3,200 investment advisors who have been regulated by the SEC under state oversight.
June 22, 2011
SEC Approves New 'Switch' Rules for AdvisorsUnder 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 22, 2011
J.P. Morgan Settles SEC Charges on CDOs; Will Pay $153 MillionSEC's Robert Khuzami said that J.P. Morgan failed to tell investors "that a prominent hedge fund that would financially profit from the failure of CDO portfolio assets heavily influenced the CDO portfolio selection."
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 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.