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 Charges Wedbush Securities With Violating Market Access Rule
By Melanie WaddellThe Securities and Exchange Commission announced charges in early June against Los Angeles-based Wedbush Securities Inc. and two officials accused of violating the agency's market access rule that requires firms to have adequate risk controls in place before providing customers with access to the market.
June 25, 2014
House Appropriations OKs Smaller SEC Budget Boost Despite ComplaintsCommittee votes to give the SEC a $50 million budget boost, not the $350 million requested by Obama.
June 24, 2014
SEC Imposes First Advisor Pay-to-Play FineThe SEC fined a Philadelphia firm for collecting advisory fees from public pension funds after a firm associate donated to political candidates.
June 20, 2014
There Might Be a Lot of Insider TradingIn research reported by Andrew Ross Sorkin on options trading before merger announcements, everything you'd predict, if you were maximally cynical, the researchers found.
June 18, 2014
House Committee OKs Smaller SEC Budget Raise Than Hoped ForSEC gets a raise from 2014, but $300 million less than Obama requested. The budget bill now advances to the House Appropriations Committee.
June 16, 2014
SEC Fines Paradigm Capital in First Whistleblower Retaliation CaseThe SEC charged hedge fund advisory firm Paradigm with making prohibited principal transactions and then retaliating against the trader who reported them.
June 16, 2014
House Appropriations to Hold Wednesday Vote on SEC BudgetSEC Chairwoman White told lawmakers Obama's $1.7 billion budget would permit the SEC to increase advisor exams.
June 13, 2014
SEC, FINRA Enforcement: SEC Freezes Assets of Fugitive Investor in Fake Gold BidIn other actions, a judge denied Houston hedge fund manager George Jarkesy Jr.'s plea to dismiss the SEC's fraud case against him.