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.
After the Starr Swindle: How Financial Advisors Can Reassure Clients
By Joyce HansonFinancial advisors are buzzing about the SEC's $30 million fraud case against "advisor to the stars" Kenneth Starr in light of issues such as fiduciary duty, transparency and custody rules.
June 01, 2010
The Venture Populist: It's BunkIn the May issue of Investment Advisor, we noted that Senator Chris Dodd's financial services reform bill (being debated on the floor of the Senate...
May 27, 2010
151A update - Do you know what's happening?Any discussion of regulatory issues surrounding fixed index annuities usually starts and ends with Rule 151A--in particular, whether the SEC ultimately will decide FIAs are securities.
May 27, 2010
SEC Asks New York Court to Freeze Advisor's Assets in $7 Million Fraud CaseThe SEC charged Manhattan-based financial advisor Kenneth Ira Starr with fraud and is seeking a court order to freeze his assets after he allegedly stole $7 million in client money for his personal use.
May 27, 2010
151A update - Do you know what's happening?Any discussion of regulatory issues surrounding fixed index annuities usually starts and ends with Rule 151A--in particular, whether the SEC ultimately will decide FIAs are securities.
May 26, 2010
SEC Proposes Consolidated Audit Trail, Clears New Municipal Securities RulesThe Securities and Exchange Commission (SEC) on Wednesday, May 26, proposed a new rule in reaction to the May 6 market plunge requiring self-regulatory organizations (SROs) to establish a consolidated audit trail system.
May 21, 2010
Dodd Reform Bill POV: Harvey Pitt, Former SEC ChairmanBefore the Senate passed its reform bill, the Restoring Financial Stability Act, on Thursday, May 20, former SEC Chairman Harvey Pitt, who's now the CEO of Kalorama Partners, detailed his viewpoints on financial services reform to Investment Advisor.
May 21, 2010
Mercer Bullard, Investor Advocate, Talks About Financial ReformInvestor advocate Mercer Bullard is concerned about the impact of financial reforms that are intended to help investors. One reform in the Senate bill, which passed on Thursday, is an extension of the fiduciary standard of conduct to broker/dealers.