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 Fines UBS $17.5M for Failing to Disclose Fund’s Risky Strategy Change
By Melanie WaddellA fund advised by two UBS firms changed its investment strategy to include risky credit default swaps without adequate disclosure, the SEC says.
October 13, 2015
UBS to Pay $19.5M Over Structured NotesSEC says this is the first case involving these products and faulty disclosures; it affected 1,900 investors, who lost $5.5 million.
October 09, 2015
SEC, FINRA Enforcement: Firm Expelled Over KickbacksMeanwhile, a Florida advisor was charged with fraud for pushing risky ETFs and hiding his disciplinary history.
October 07, 2015
Blackstone Group to Pay SEC $39M Over Fee ArrangementsBlackstone failed to adequately disclose the acceleration of monitoring fees paid by fund-owned portfolio companies prior to the companies sale or IPO.
October 06, 2015
SEC Needs to Move on Fiduciary Rule, Ex-SEC Chiefs SayAt TD Ameritrade Advocacy Leadership event, ex-SEC Chairwoman Mary Schapiro said, I feel very strongly the SEC needs to move forward now on fiduciary.
October 01, 2015
Why SEC Is Cracking Down on 12b-1 Fees and ‘Distribution-in-Guise’Once again, the SEC provides "guidance" to advisors in the form of an enforcement action, this time a $40 million judgment against First Eagle.
October 01, 2015
SEC Enforcement: Advisor Pushed Risky Investments in Firms He OwnedMeanwhile, the SEC fined 22 underwriting firms for muni bond fraud.
September 28, 2015
No Rules Yet, but Prepare NowRegulatory issues that aren't getting the attention they need, argues MarketCounsel CEO Brian Hamburger.