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 Investing Education Chief Resigns
By James J. GreenThe Securities and Exchange Commission announced that Lori Schock, the acting director of the Office of Investor Education and Assistance (OIEA), left the agency April 27 to become director of outreach at the Center for Audit Quality in Washington, D.C.
April 18, 2007
UnitedHealth To Put CalPERS Board Proposal In ProxyA large health insurer will give investors a chance to vote on whether the company should be more inviting to some outside nominees for seats ...
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...