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.
Goldman Sachs Q2 Earnings Plummet on SEC Settlement, U.K. Bank Tax, and Market Volatility
By Joyce HansonGoldman Sachs reported net earnings of $613 million for second-quarter 2010, an 82% drop from quarterly earnings a year ago, at $3.44 billion. Earnings per common share were posted at 78 cents versus $4.93, 84% lower.
July 19, 2010
Goldman Sachs Video Highlights Suitability StandardThe Committee for the Fiduciary Standard releases video and praises Senate vote for reform and releases analysis of the reform bill's fiduciary study provision.
July 19, 2010
Hearings, the SEC, the Fed, and Earnings: Advisor Briefing for the Week of July 19, 2010What's happening this week.
July 18, 2010
Senate Votes Yes on Financial ReformsA giant step in a marathon run for investors, but there's a long way to go.
July 16, 2010
Goldman Sachs Settles SEC Fraud Suit for $550 MillionGoldman Sachs settled fraud charges brought in April by the Securities and Exchange Commission in connection with a collateralized debt obligation (CDO), the SEC announced Thursday, July 15.
July 15, 2010
Senate Passes Landmark Financial Services Reform BillThe Senate passed Thursday, July 15, the massive 2,300-page financial services reform bill; the bill now goes to President Obama for his signature, which is expected in the coming days.
July 15, 2010
SENATE PASSES LANDMARK FINANCIAL SERVICES REFORM BILLBill heads for President Obama's signature; the $19 billion Wall Street reform will be covered by ending the Troubled Asset Relief Program (TARP) and by charging an extra premium to large banks by the Federal Deposit Insurance Corp. (FDIC).
July 14, 2010
SEC to Issue Proposed 12b-1 Changes July 21The Securities and Exchange Commission (SEC) will issue long-anticipated proposed changes to its rule on 12b-1 fees.