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.
Industry Groups Support SEC Summary Proposal
By Janet LevauxThe fund industry's Investment Company Institute says it agrees with federal regulators over the practice of supplying fund investors with short, simple summary prospectuses. The...
April 01, 2008
Plain English, PleaseAfter much anticipation, on February 13 the SEC proposed amendments to Part 2 of Form ADV, which would require advisors to provide a plain-English narrative...
April 01, 2008
12b-1 Headed for an OverhaulEight months after holding a roundtable discussion on its Rule 12b-1, the SEC is planning a "complete overhaul" of the rule, according to SEC Chairman...
March 25, 2008
Cox to Get Rand Recommendations by May 5The SEC's Director of Investment Management, Buddy Donahue, told a packed room at the Investment Adviser Association's (IAA) compliance conference in Washington March 21 that he and Eric Surri, director of the SEC's Trading and Markets division, will deliver to SEC Chairman Christopher Cox by May 5 steps the Commission...
March 07, 2008
Ending a Three-Year Settlement SagaFidelity Investments has agreed to pay an $8 million penalty for accepting over $1.6 million in gifts and entertainment paid for by outside brokers.
March 04, 2008
Conseco Delays Annual Report; To Restate LTC ReservesConseco Inc. is delaying the due date of its annual financial report to March 17.In a filing with the Securities and Exchange Commission, Conseco, Carmel, ...
March 01, 2008
The Empire Strikes BackWell you didn't think they'd take it lying down, did you? I'm referring, of course, to the Wall Street wirehouses, and the drubbing they took...
February 17, 2008
SEC Approves Easing Of FINRA Sales Lit Review RulesThe U.S. Securities and Exchange Commission has approved an effort by the Financial Industry Regulatory Authority Inc. to simplify reviews of some types of investment ...