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.
Hearing Set on SRO Proposal
By Arthur D. PostalThe House Financial Services Committee will hold a hearing on either June 6 or 7 on proposed legislation that would establish a self-regulatory organization for investment advisors.
May 21, 2012
SEC Names Two to Trading and Markets Division, Appoints New Deputy Chief of StaffThe SEC recently announced three executive appointments, including a new post, managing executive of the Division of Trading and Markets.
May 16, 2012
Schwab to Close Broker-Dealer BrokersXpressBrokersXpress, the specialty broker-dealer owned by Schwab under OptionsXpress Holdings, reportedly told advisors and clients on Wednesday that it would shut its doors.
May 11, 2012
Jason Zweig Calls for Robots as RegulatorsJason Zweig is causing controversyagainsuggesting the ongoing SRO debate would be solved with robots (seriously).
May 11, 2012
SEC’s Schapiro Adamant About Money-Market Fund ReformsDuring a conversation between Schapiro and Mellody Hobson, president of Ariel Investments, at the ICI's annual conference, Hobson said the industry and the SEC were at loggerheads over the SECs plans.
May 11, 2012
SEC, FINRA Enforcement Roundup: Former Detroit Mayor, Movie Producer ChargedAmong those finding themselves recently on the wrong end of an SEC action were a movie producer, former Detroit mayor Kwame Kilpatrick and a Shanghai-based auditing firm.
May 09, 2012
ICI Opposes SEC’s Attempt to Rein In Money-Market FundsPaul Schott Stevens, president and CEO of the ICI, pointed out two initiatives the ICI is fighting: the SECs further attempts to rein in money-market funds, and the CFTCs amendments to a commodities rule.
May 08, 2012
Mary Schapiro: The 2012 IA 25 Extended ProfileOn two of the top issues affecting the investment advisory space, Mary Schapiro, chairman of the Securities and Exchange Commission, is adamant: Brokers should be held to a fiduciary mandate and a self-regulatory organization to help the agency examine advisors must be explored.