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 Pans SEC Proposed Disclosure Rule
By Staff WriterIndustry Pans SEC Proposed Disclosure Rule Information would have to be provided at the "point of sale"By Matt BradyThe American Council of Life Insurers said ...
March 14, 2005
SEC Asks Phoenix For Market-Timing AnalysisA Hartford insurer says federal regulators are asking for information about whether market timing might have affected its customers.[@@]The company, Phoenix Companies Inc., says ...
February 22, 2005
SEC Moves to Freeze Northshore AssetsCHICAGO (HedgeWorld.com)--In an emergency action filing, the U.S. Securities and Exchange Commission is requesting a freeze on Northshore Asset Management LLC's assets. The commission alleges that the firm committed fraud in diverting US$37 million in two hedge funds. The case follows reported investor complaints and the arrest of former Northshore...
February 22, 2005
SEC Asks For Comments On SOX 404Federal securities regulators want to know what company executives, auditors and others really think about the new internal control disclosure process.[@@]The U.S. Securities and ...
February 22, 2005
Roye Says He's Leaving SECWASHINGTON (HedgeWorld.com)--Paul Roye plans to leave the U.S. Securities and Exchange Commission and take a job in the private sector. Mr. Roye, who has headed the...
February 22, 2005
Roye Says Extended Lock-Ups May Raise Red FlagsKEY BISCAYNE, Fla. (HedgeWorld.com)--Hedge fund managers who extend their funds' lock-up periods beyond two years risk raising the suspicions of investors and the U.S. Securities and Exchange Commission, Paul Roye, director of the SEC's Division of Investment Management, told attendees at a Managed Funds Association seminar on hedge fund regulation....
February 17, 2005
Hedge Fund's Loss Prompts SEC InvestigationNEW YORK (HedgeWorld.com)--Not quite two years have passed since Francis Saldutti sold his Ardent Capital Management's technology hedge fund to NorthShore Asset Management, Chicago. Now, though, a report in the Wall Street Journal says the Securities and Exchange Commission is probing a significant loss of money at the New York-based...