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.
Mutual Fund Shareholder Reports Under Scrutiny
By Arthur D. PostalAs the SEC continues its work on how investors could be getting more useful disclosures, mutual fund shareholder reports are suddenly under the microscope.
November 01, 2011
Unfinished Business: Advisors Debate Fiduciary Standard, SROAs we near the end of 2011, two of the top issues for the advisory industry remain unresolved: a fiduciary mandate for brokers and a SRO for advisors.
November 01, 2011
10 Things the SEC Won't Tell You (SmartMoney)A good deal rests on the shoulders of the Securities and Exchange Commission and, as Occupy Wall Street rages on, they're well aware of the burden.
October 31, 2011
“I didn’t know” defense on shaky groundOnce upon a time, financial advisors who unknowingly got ensnared in investment schemes could get off by pleading, I didnt know. Those times may be over.
October 28, 2011
SEC Slapped Down in Two Cases Against BanksU.S. District Court Judge Jed Rakoff administered a mighty tongue-lashing to the SEC in a proposed settlement with Citigroup the same day his colleague on the bench Miriam Goldman Cedarbaum dismissed fraud charges against a JP Morgan executive.
October 27, 2011
Forget Advisor SRO; Use External Auditors for Exams, Academic Study UrgesA Georgetown business school professor offers another option in lieu of an SRO for advisors: outsourcing routine advisor exams to external third parties, such as accounting and consulting firms.
October 26, 2011
SEC Adopts Hedge Fund Reporting RulesThe SEC on Wednesday adopted a rule to require advisors to hedge funds and other private funds with at least $150 million in assets to report information for use by the FSOC in monitoring risks to the U.S. financial system.
October 26, 2011
Ex-Goldman Sachs Board Member Indicted in Insider CaseA former board member of Goldman Sachs and Procter & Gamble surrendered Wednesday to face a six-count securities fraud indictment that makes him the latest defendant in the biggest insider trading case in history.