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 Warns of Advisors Duping Investors With Fake Credentials
By Melanie WaddellThe SEC warned investors Wednesday to perform thorough background checks and brought two actions against advisors for falsifying credentials.
June 01, 2015
The SEC ‘Hasn't Been Doing Its Job for a Long Time’: Brian HamburgerIn a wide-ranging session at the Envestnet Advisor Summit in Chicago in early May, MarketCounsel's Brian Hamburger argued that one of the main regulatory and compliance issues facing advisors is the regulators themselves.
June 01, 2015
SEC Charges Advisor With Bilking Retired Teachers, Police Chief, PastorThe Miami-based advisor of the Sterling Investment Fund must pay more than $748,000 in disgorgement and face criminal charges, the SEC says.
June 01, 2015
SEC Hits Merrill for $11 Million Over Faulty Short-Sale OrdersTwo Merrill entities admitted to using inaccurate, old data when executing short-sale orders for customers.
May 28, 2015
SEC’s Former IM Director Returns to Help Craft Fiduciary RuleAndrew "Buddy" Donohue's "deep knowledge of asset management will be especially useful" as the SEC considers a uniform fiduciary standard, said Chairwoman Mary Jo White.
May 27, 2015
SEC should require political-spending reports, ex-chairs sayThey pointed to a record 1.2 million comment letters supporting a 2011 petition by a group of securities law professors as evidence that the agency should act.
May 27, 2015
SEC should require political-spending reports, ex-chairs sayThey pointed to a record 1.2 million comment letters supporting a 2011 petition by a group of securities law professors as evidence that the agency should act.
May 26, 2015
Deutsche Bank Hit With $55M SEC Fine for Misstating Financial ReportsDuring the financial crisis, Deutsche Banks financial statements did not reflect the significant risk in large, complex illiquid derivative positions, says SEC's Ceresney.