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.
The Next Wave of Congressional Chairmen
By Melanie WaddellThe more conservative Tim Johnson will replace retiring Senate Banking chairman Christopher Dodd. Johnson's major priority for the next Congress is implementing Dodd-Frank.
October 27, 2010
What the Uniform Fiduciary Standard Will Not BeSIFMA CEO Tim Ryan says matter-of-factly: the "uniform" fiduciary standard that the Securities and Exchange Commission (SEC) is working on will not be the fiduciary standard under the Advisers Act of 1940, because, he opined, we have to have a standard that will "work for everyone."
October 26, 2010
Dodd-Frank: SEC Drafts Swaps ProposalThe U.S. Securities and Exchange Commission has posted a proposed rule that could shape swaps governance systems.
October 25, 2010
SEC ‘Switch’ Details Out by DecemberJohn Walsh, associate director of the SEC's Office of Compliance Inspections and Examinations (OCIE), told attendees at the North American Securities Administrators Association's (NASAA) annual...
October 19, 2010
IAA Urges SEC to Remain Primary Regulator of AdvisorsAs the SEC conducts its study of whether it should designate an SRO to oversee advisors, the IAA urged the SEC on Tuesday to "maintain its role as the primary and direct regulator of the advisory industry."
October 18, 2010
SEC, CFTC to Hold Swaps RoundtableThe Securities and Exchange Commission and the Commodity Futures Trading Commission will hold a public roundtable on Friday to discuss issues related to the clearing of credit default swaps.
October 17, 2010
Ex-Countrywide CEO Mozilo Settles SEC Charges for $22.5 MillionAngelo Mozilo, former CEO of Countrywide Financial, has agreed to pay a settlement of $22.5 million resulting from charges that he and two other executives misled investors during the subprime mortgage crisis.
October 15, 2010
Form ADV Part 2: What Advisors Need to Know, Part 2The SEC's mandated changes to Form ADV, Part II is not a regulation that only compliance officers should fret about.