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 Proposes Rule to Broaden Scope of Broker-Dealer Audits
By Melanie WaddellThe 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 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.
June 01, 2011
From Deadlines to LifelinesRecently, the SEC indicated that two previously identified deadlines may be extended.
June 01, 2011
Schapiro Says SEC to Focus in July on Fiduciary, 12b-1Mary Schapiro, chairman of the Securities and Exchange Commission (SEC), said in early May that the agency will turn its attention to addressing a fiduciary…
May 27, 2011
Tim Johnson, Chairman, Senate Banking Committee: The Extended 2011 IA 25 ProfileSen. Tim Johnson, D-S.D., chairman of the Senate Banking Committee, has a big fight on his hands.
May 23, 2011
Warning: U.S. ‘Under Attack’ by Chinese Reverse Mergers“We are under attack,” writes Wall Street Journal blogger Josh Brown, an advisor with Fusion Analytics and proprietor of The Reformed Broker website.