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.
Why Is Congress Asking if We Can Afford to Treat Clients Right?
By Bob ClarkOur intrepid blogger wonders why our elected representatives want to conduct a cost benefit analysis on doing the right thing
March 16, 2011
SEC Investigating Former Freddie BossRichard Syron receives a Wells notice from the SEC.
March 16, 2011
Fighting SEC, FINRA Can Pay Off for BDs, Study ShowsAccording to the results of a 2011 SEC/FINRA Litigation Study, of the 237 charges that were litigated by the SEC and FINRA and resulted in SEC Administrative Law Judge or FINRA Hearing Panel decisions during 2009 and 2010, respondents succeeded in getting approximately 13% of the charges dismissed.
March 15, 2011
Consider the Spin: New SEC Study Positions FINRA for Added DutiesBoston Consulting Group's study of the SEC, mandated by Dodd-Frank, suggests that the SEC rely more on SROs to fulfill its duties. Candidates, anyone?
March 11, 2011
At IAA, Director of SEC’s OCIE Says We're 'Picking Our Spots' Due to Budget UncertaintyCarlo di Florio says examiners are focusing on higher-risk RIA firms; Eileen Rominger lauds fiduciary responsibility of advisors.
March 11, 2011
An Update on the 'Switch' and a Brief History LessonThis month, state securities regulators throughout the United States are observing 100 years of protecting investors. A century ago, Kansas Banking Commissioner…
March 11, 2011
SEC's Blass at IAA: Fiduciary Standard Will Only Be ToughenedAt IAA compliance gathering, SEC counsel Blass suggests fiduciary standard for all will only be toughened, not watered down.
March 10, 2011
SEC's Walsh at IAA: Advisor Exams to Increase Post Dodd-Frank in Short-TermJohn Walsh, associate director of OCIE, warned compliance officers on Thursday “not to back off” on their compliance due diligence, as SEC exams of advisory firms post-Dodd-Frank will increase in the short-term.