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.
Goldman Sachs Agrees to Pay $12 Million for Pay-to-Play Violations
By Melanie WaddellSEC says Goldman fine is the biggest it has levied for MSRB pay-to-play violations, this one involving undisclosed contributions to a political candidate a Goldman banker was soliciting for business.
September 24, 2012
As Congress Keeps SEC Budget Flat, SRO Specter Still LurksBefore breaking for recess, Congress passed early Saturday a continuing resolution that would nearly flat-line the SEC's budget, renewing worries that a House bill calling for an SRO for advisors will be revived next year.
September 20, 2012
SEC Enforcement Roundup: Hedge Fund Manager’s $37 Million Ponzi Scheme BustedOthers facing SEC charges include a former director in a compensation scheme that netted hundreds of thousands of dollars in undisclosed income.
September 18, 2012
Sen. Corker: SEC Nearing a Money-Market Fund SolutionThe senator urged the SEC in a letter to move ahead with further reform, saying a run on money-market funds is still a real risk.
September 14, 2012
SEC Fines NYSE for Giving Proprietary Customers Head Start on Market DataNYSE Euronext agreed to a $5 million penalty for sending market data to proprietary customers' feeds before broadcasting it publicly, becoming the first exchange to pay an SEC fine.
September 13, 2012
SEC Enforcement Roundup: Broker Charged With Stealing to Pay for Mortgage, GroceriesAmong recent SEC enforcement actions were charges that a broker stole client funds and used them to pay for his own personal expenses, including groceries and a mortgage.
September 13, 2012
Lawmaker Calls SEC’s Delay on JOBS Act Promotion Rule ‘Completely Unacceptable’The House hearing on Thursday addressed crowdfunding and concerns on how to verify "accredited investors" for the purpose of advertising private offerings.
September 13, 2012
SEC Charges Broker With Stealing Clients’ Money to Pay for Mortgage and GroceriesThe broker and his company based in Danbury, Conn., were charged with stealing at least $600,000 from clients and using the money to pay for his mortgage, grocery bills and other personal expenses.