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.
Reforming the SEC
By Melanie WaddellSome of the nation's top financial leaders and lawyers say reforming the Securities and Exchange Commission's regulatory process would indeed help the U.S. capital markets stay competitive.
April 10, 2007
SIFMA Urges SEC Back to Court Over Broker/Dealer ExemptionSince the March 30 Washington D.C. Court of Appeals overturn of the SEC's broker/dealer exemption from fiduciary responsibility for fee-based brokerage accounts, there has been a distinct point-counterpoint repartee, albeit indirectly, between the Financial Planning Association, which filed the lawsuit in 2004 protesting the broker/dealer exemption, and the Securities Industry...
April 01, 2007
14 Charged with Insider TradingThe titans of Wall Street aren't involved. But a former UBS executive director, ex-Morgan Stanley compliance attorney, and several former Bear Stearns brokers are. "UBS is...
March 30, 2007
Federal Court Rules in Favor of FPAfederal appeals court has ruled in favor of the Financial Planning Association in its suit to overturn the SEC exemption from fiduciary responsibility for broker/dealer reps known as the "Merrill Lynch rule." In a statement following the ruling, the FPA characterized the decision as a victory for consumers and urged...
March 15, 2007
FPA Asks SEC To Clarify Its TermsThe Financial Planning Association says federal regulators ought to do a better job of distinguishing fee-based brokerage services from true financial planning services.The FPA, Denver, ...
March 01, 2007
Monopoly GameWill broker/dealers be paying more for market data from now-public securities exchanges? Who owns the market data that is created by market makers and broker/dealers...
January 19, 2007
SIFMA Challenges SECThe Securities Industry and Financial Markets Association (SIFMA), is challenging the SEC to declare a moratorium on decisions allowing exchanges to charge higher fees for market data, "until the SEC is able to address the fundamental legal and policy issues created by for-profit exchanges," according to an announcement January 19...