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.
'Antichrist' at SEC, Dimon, Bush Among Villains of Financial Crisis: Tavakoli
By Gil WeinreichTo Wall Street scourge Janet Tavakoli, the list of financial-crisis villains still evading responsibility is not short and includes, to name a few, Jamie Dimon, Jon Corzine, Tim Geithner, Mary Schapiro, George W. Bush, President Obama and the financial media.
August 23, 2012
SEC’s Schapiro Loses Money-Market Fund FightSEC Chairwoman Mary Schapiro said late Wednesday that she did not have the votes to further reform money-market funds.
August 21, 2012
SEC Hands Out First Whistleblower AwardThe SEC announced Tuesday that it has given its first whistleblower award to an individual who helped the agency stop a multimillion-dollar fraud.
August 21, 2012
Remedy to Boost Advisor Exams Out of Reach This YearTwo important issues for the advisory industry will remain unresolved until next year: how to boost investment advisor examseither through a self-regulatory organization (SRO) or via user feesas well as a rule to put brokers under a fiduciary mandate.
August 20, 2012
SEC Private Placement Rule Threatens to Put Investors at Great RiskA survey of state securities regulators found that fraudulent private placement offerings were ranked as the most common product or scheme leading to investigations and enforcement actions.
August 20, 2012
SEC Backs Off Issuing Private Offering RuleAfter repeated complaints, SEC Chairwoman Mary Schapiro instead will put the rule out Wednesday for public comment.
August 16, 2012
SEC, FINRA Enforcement Roundup: Football Coach’s Ponzi Scheme; Wells Fargo SlappedRecent actions by the SEC and FINRA ensnared a former Hall of Fame college football coach charged in an $80 million Ponzi scheme and a Wells Fargo vice president for failing to disclose the risks of mortgage-backed securities.
August 10, 2012
NASCAR-Related Index Fund Shut Down After SEC ScrutinyThe SEC's Asset Management Unit charged David Dube and his firm, Peak Wealth Opportunities, on Friday with failing to provide examiners with records of a mutual fund advisory business that invested in NASCAR-related stocks.