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.
For Compliant Advisors, Known (and Unknowable) Unknowns
By Melanie WaddellThe SEC, FINRA, DOL regulations and oversight come from all sides, and anticipating what's compliant today but won't be tomorrow is a tricky game.
September 21, 2015
SEC Fines First Eagle, Affiliate $40 Million for Improperly Charging ShareholdersThe firms used shareholder money instead of 12b-1 fees to pay for fund distribution, the SEC said. Similar enforcement actions could be in the offing.
September 17, 2015
SEC Removes Ratings References From Money Market Fund Rules"Reducing reliance on credit ratings to determine which securities money market funds can hold is an important part of our efforts," said SEC chief White.
September 11, 2015
SEC Enforcement: ‘Indestructible Wealth’ Wasn’t so IndestructibleMeanwhile, a hedge fund exec was accused of pumping up a fund's value to pocket extra fees.
September 09, 2015
SEC: ‘Financial Myth Buster’ Dawn Bennett Spun a Myth About Her Firm’s AssetsThe host of a radio show, "Financial Myth Busting With Dawn Bennett," and her firm are accused of inflating their AUM.
September 08, 2015
Outgoing SEC Commish’s Chief of Staff Named to Credit Rating PostSmeeta Ramarathnam, Luis Aguilar's chief of staff, will work in the Office of Credit Ratings; Commissioner Gallagher plans to leave by Oct. 2.
September 08, 2015
SEC Fines Bankrate $15M for Accounting FraudSEC alleges Bankrate's former CFO, former accounting director and former VP of finance colluded to inflate earnings to meet Wall Street expectations.
September 03, 2015
SEC, FINRA Enforcement: Philly Firm to Pay $21M for CDO FraudMeanwhile, FINRA fined a Georgia firm for failing to notice that one of its brokers was receiving wire transfers from a dead client.