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 Hits JPMorgan, UBS, TradeStation for Identity Theft Violations
By Melanie WaddellThe three firms had deficiencies in programs to prevent customer identity theft, violating the SEC's Identity Theft Red Flags Rule, or Regulation S-ID.
July 26, 2022
UBS Says It's Part of Probe Into Unapproved Staff MessagingRegulators are set to levy $1 billion in fines on the biggest banks for failing to monitor employees' use of unauthorized messaging apps.
July 25, 2022
Booming ETFs That Worry Wall Street Watchdogs Rake In Billions"We have this bizarre situation where products have launched and then the SEC staff is saying not to use them," said one ETF expert.
July 22, 2022
Mesirow Financial Hit With Revenue Sharing Violations, Including 12b-1 FeesMesirow had an incentive to recommend mutual funds that paid its affiliated broker, the SEC said.
July 22, 2022
RIA Hit With $5.8M SEC Penalty for 12b-1 Fee Infractions Tied to Wrap AccountsAdvisors avoided transaction fees in wrap accounts by investing clients' assets in funds with 12b-1 fees.
July 21, 2022
House Again Asks SEC for an Index-Linked Annuity Filing FormThe House attached similar pleas to the 2020 and 2021 appropriations packages.
July 21, 2022
Ex-Coinbase Manager Arrested in Crypto Insider-Trading CaseIshan Wahi allegedly tipped off both his brother and a friend when tokens were about to be listed on the crypto exchange.
July 21, 2022
Bill to Require SEC Investor Testing Is RevivedInvestor testing would be required prior to issuing disclosure rules for retail investors.