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.
SEC Delays Final Decision on Merrill Lynch Rule
By James J. GreenCommission will re-open comment period; pledges final action by April 15
December 20, 2004
Two Franklin Units Settle With SECDec. 13, 2004 -- Two units of Franklin Resources (BEN) agreed to pay $20 million to settle charges that they paid brokers to promote Franklin's...
December 17, 2004
SEC Warns New England Life Of Possible SuitNU Online News Service, Dec. 17, 2004, 5:50 p.m. ESTA unit of MetLife Inc., New York, could face legal action by federal regulators.[@@]The U.S. ...
December 14, 2004
SEC Grants AIG Units ReliefA temporary order will let the investment advisor and broker-dealer units of a large financial services company proceed with normal operations.[@@]The units, part of ...
December 13, 2004
The Uptick Rule's Long Goodbye Gets LongerWASHINGTON (HedgeWorld.com)--The Securities and Exchange Commission has delayed the start of pilot program for the suspension of the "uptick rule" for short sales. The pilot, established by the SEC on July 28 (see Previous HedgeWorld Story) and previously scheduled to commence on Jan. 3, 2005, will formally suspend the provisions...
December 13, 2004
No Satisfaction: Dissenters Rip SEC Hedge Fund RuleWASHINGTON (HedgeWorld.com)--Calling the Securities and Exchange Commission's new rule to require registration of hedge fund managers as investment advisers "the wrong solution to an undefined problem," Commissioners Cynthia A. Glassman and Paul S. Atkins vented months of frustration with the SEC's rulemaking process and its result in a 30-page dissent...
December 06, 2004
SEC Releases Final Hedge Fund Rule, with No SurprisesWASHINGTON (HedgeWorld.com)--Little differs between the proposals the Securities and Exchange Commission originally made regarding its regulation of hedge fund managers and the final rule it just published Little, perhaps, except for the lengthy documentation providing the agency's reasoning behind its new rule 203 (b)(3)-2 and accompanying the final rule. In...
November 12, 2004
SEC Takes On America's Hedge FundBROOKLYN, N.Y. (HedgeWorld.com)--How could you go wrong with a name like America's Hedge Fund LLC? Easily, it turns out. A U.S. District Court judge in Brooklyn holds a hearing Tuesday [Nov. 9] to consider granting a preliminary injunction against Christian Kuretski, operator of America's Hedge Fund LP, and Worldwide Partners...