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.
REFORM DEAL: Fiduciary Standard Can Apply to Brokers
By Melanie WaddellIn the latest version of the financial reform bill, the Sentate and House decide that the SEC can put financial advisors/stock brokers under same fiduciary standard as investment advisors -- after study.
June 24, 2010
Loophole in financial reform could hurt seniors, mainstream media suggestsAfter a series of behind-the-scenes efforts resulted in what looks like a substantial victory for foes of the SEC 151A proposal, the non-financial industry media media has painted a more sinister view of what actually occurred this week in Washington.
June 23, 2010
H.R. 4173: Senate Conferees Back Indexed Annuity ProposalThe lawmakers who are representing the Senate in H.R. 4173 conference committee proceedings moved Tuesday to offer the Senate an amendment that would keep most indexed annuities state-regulated.
June 23, 2010
SEC Rule 151A Killer: Congress Paves Way For FIAs To Remain State-RegulatedCongress on Thursday took an important step toward clarifying the status of Fixed Indexed Annuities as insurance products rather than securities.
June 22, 2010
Senate Reform Compromise Said to Be SEC Study With Fiduciary Authority at EndSenator Christopher Dodd (D-Connecticut) told House conferees in the late afternoon of Tuesday, June 22, that the Senate would present a counteroffer that day on whether to put brokers under a fiduciary standard of care.
June 22, 2010
H.R. 4173: Senate Conferees Back Indexed Annuity ProposalThe lawmakers who are representing the Senate in H.R. 4173 conference committee proceedings moved Tuesday to offer the Senate an amendment that would keep most indexed annuities state-regulated.
June 18, 2010
SEC: Take Care When Saying Who Should Own a ProductThe U.S. Securities and Exchange Commission wants investment companies to think harder when suggesting whether a particular product is appropriate for a particular type of customer.
June 17, 2010
Fannie and Freddie Ordered to Delist From Major ExchangesMore bad news for Fannie Mae and Freddie Mac. On Wednesday, June 16, Fannie Mae was ordered to notify the New York Stock Exchange (NYSE) and the Chicago Stock Exchange (CSE) of its intent to delist its common and preferred stock.