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.
No-Show Hedge Fund Faces Court Judgment, Fines
By Staff WriterWALTHAM, Mass. (HedgeWorld.com)--A hedge fund manager has been ordered to pay $21 million in disgorgement and prejudgment interest following the firm's failure to appear and respond to the Securities and Exchange Commission's allegations. The SEC won a default judgment against the adviser Groundswell Partners LLC, barring the hedge fund firm...
July 18, 2006
SEC Has Done Softers a FavorThe president of a consulting firm that assists asset managers (for hedge funds and others) in tracking and optimizing the value of their soft-dollar commissions said July 13 that he believes the use of such commissions will expand in the years to come.
July 16, 2006
SEC's Withdrawal Of 'No-Action' Letter Confuses IndustryIn the early days of variable annuities (the late 1970s and early 1980s), nontraditional salespeople began selling products previously thought to be in the exclusive ...
July 16, 2006
SEC's Withdrawal Of 'No-Action' Letter Confuses IndustryIn the early days of variable annuities (the late 1970s and early 1980s), nontraditional salespeople began selling products previously thought to be in the exclusive ...
July 14, 2006
Company Settles Preferred Fund Program CaseThe U.S. Securities and Exchange Commission has accepted a sanctions proposal from the broker-dealer arm of a large insurance holding company.The broker-dealer, IFMG Securities Inc., ...
July 14, 2006
Company Settles Preferred Fund Program CaseThe U.S. Securities and Exchange Commission has accepted a sanctions proposal from the broker-dealer arm of a large insurance holding company.The broker-dealer, IFMG Securities Inc., ...
July 13, 2006
Agenda Set for D.C. Seniors SummitNASD fraud study to be unveiled at July 17 gathering
July 12, 2006
NAMIC Hopes For SOX ReliefThe National Association of Mutual Insurance Companies is welcoming a move by federal regulators to review the topic of internal controls reporting requirements for smaller ...