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.
New Hire Roundup: Reinhart Joins Wealthcare Capital, Bowden Goes to SEC
By Marlene Y. SatterThis week in new hires, Len Reinhart joined Wealthcare Capitals board, Andrew J. Bowden was appointed the SECs new associate director of advisor exams, and the Senate confirmed Luis Aguilar and Daniel Gallagher as SEC commissioners.
October 13, 2011
New Hire Roundup: Conley Rises at SECThis week in new hires, Michael A. Conley was named deputy general counsel in the SECs office of general counsel. Also, Scott L. Lummer was named CIO and head of Savant Investment Groups new Santa Rosa office.
October 10, 2011
ACLI Urges SEC to Target Life Settlement IndustryThe ACLI requests that the SEC outlaw virtually the entire secondary insurance market in the biggest broadside against the life settlement industry in months. How will the life settlement industry respond?
October 07, 2011
For YOUR Own GoodDodd-Frank does not require a rule, just the already-completed study. But internal pressure from the advisory and retail investment world is mounting for clarity and a standard ruleas has interest among private firms advisors and some consultantsfor those selling life/annuity insurance and other investment products in the broker channel to...
October 01, 2011
SRO Bill May Arrive This FallLawmakers and industry officials debated the merits in mid-September of whether there should be a self-regulatory organization (SRO) for advisors, and at least one industry official says to expect SRO legislation from the House this fall.
September 27, 2011
SEC Charges RBC Capital Markets in CDO MisconductIn the latest crackdown on improper use of CDOs, the SEC on Tuesday charged RBC Capital Markets for misconduct in the sale of unsuitable investments to five Wisconsin school districts
September 26, 2011
A Holiday From HistrionicsMcGraw-Hill, parent to Standard & Poors, announced on Monday that it received a Wells notice from the SEC related to S&Ps rating of a collateralized debt obligation from 2007 (yes, 2007).
September 26, 2011
SEC May Seek Legal Action Against S&PAn issue over the rating of a collateralized debt obligation from 2007 prompted the SEC Thursday to send a so-called Wells notice to McGraw-Hill, the parent company of Standard and Poors.