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.
House, Senate Hearings Next on Fiduciary
By Melanie WaddellWithin a month or so, the House Financial Services Committee will begin holding hearings on the Securities and Exchange Commission’s (SEC) report regarding fiduciary duty, which was mandated under Section 913 of the Dodd-Frank Act and handed to Congress on Jan. 21.
February 25, 2011
GOP Lawmakers Probe SEC on Top Attorney's Ties to MadoffRepublican lawmakers on the House Financial Services Committee want the SEC to answer a bevy of questions regarding David Becker, the SEC’s general counsel who’s alleged to have earned more than $1.5 million from a Madoff account held in his mother’s estate.
February 25, 2011
Will Dodd-Frank Be Repealed? Will Congress Starve the SEC?Our man in Washington says no to repeal, but maybe on SEC funding, since it's part of a broader budget war. Next up: hearings and delays on Dodd-Frank implementation
February 24, 2011
Video: Exclusive—Knut Rostad on Whether a Fiduciary Standard for Brokers Will Rebuild Investor ConfidenceKnut Rostad talks with AdvisorOne’s Kate McBride about why the fiduciary standard for brokers matters to the financial services industry as well as to investors.
February 24, 2011
Video: Exclusive—James Fanto on Fiduciary Duty for Brokers and RIA OversightLaw Professor James Fanto talks exclusively with AdvisorOne’s Kate McBride about the impact of the SEC’s recommendations on RIA regulation and fiduciary duty for brokers.
February 24, 2011
Three States Plan March Seminars on 'Switching' of AdvisorsThree states’ securities divisions—Ohio, Michigan, and Vermont—are planning to hold seminars in March to help advisors with the transition from federal to state oversight.
February 24, 2011
The GOP’s Plan in the HouseRep. Spencer Bachus, R-Ala., chairman of the House Financial Services Committee, released an oversight plan in January which includes issues his committee…
February 23, 2011
Top SEC Attorney Inherited Dirty Madoff Millions, Says SuitIrving Picard, trustee for the liquidation of Ponzi schemer Bernard Madoff’s firm, has filed a suit against top SEC attorney David Becker and his two brothers that said that Becker and his siblings benefited from a Madoff account that was in their mother’s estate. T