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.
FPA leader says battle continues after professional standards court decision
By Staff Writer(On March 30), the United States Court of Appeals for the District of Columbia Circuit spoke clearly in favor of investor protection (Financial Planning Association v. Securities and Exchange Commission). After 7 years of contentious debate, a court
April 13, 2008
NAPFA to SEC: More consumer education neededOne of the primary roles of the Securities and Exchange Commission is to protect investors. The National Association of Personal Financial Advisors is encouraging the SEC to make disclosures easier to understand.Since 1983 NAPFA, the leading
April 01, 2008
Industry Groups Support SEC Summary ProposalThe fund industry's Investment Company Institute says it agrees with federal regulators over the practice of supplying fund investors with short, simple summary prospectuses. The...
April 01, 2008
SEC: "We hear you"The Securities and Exchange Commission has proposed an amendment to Part 248 Reg S-P: Privacy of Consumer Information and Safeguarding Personal Information, that may make...
April 01, 2008
It's About TimeInvestment industry execs seem to agree that the SEC's proposed short-form mutual fund prospectus is long overdue. The novel-length, arcane prospectus that investors get now...
April 01, 2008
Plain English, PleaseAfter much anticipation, on February 13 the SEC proposed amendments to Part 2 of Form ADV, which would require advisors to provide a plain-English narrative...
April 01, 2008
12b-1 Headed for an OverhaulEight months after holding a roundtable discussion on its Rule 12b-1, the SEC is planning a "complete overhaul" of the rule, according to SEC Chairman...
March 25, 2008
Cox to Get Rand Recommendations by May 5The SEC's Director of Investment Management, Buddy Donahue, told a packed room at the Investment Adviser Association's (IAA) compliance conference in Washington March 21 that he and Eric Surri, director of the SEC's Trading and Markets division, will deliver to SEC Chairman Christopher Cox by May 5 steps the Commission...