Even though roughly 3,000 investment advisers set to switch their registration from the SEC to the states by this summer, the commission's oversight burden will still be heavy. Limited resource means the regulator must conduct exams more efficiently, which translates to zeroing in on riskier practices.
State regulators said they'll help coordinate reviews among states for some midsize investment advisers who must switch to state oversight from Securities and Exchange Commission registration as prescribed by the Dodd-Frank financial reforms measure. <a href=http://www.investmentnews.com/article/20111207/FREE/111209948><b>(Read more)</b></a>
Industry groups are looking at getting behind proposals that would prohibit members of Congress and others involved in the legislative process from trading stocks or commodities based on nonpublic information related to their work in government
The following is an edited version of a speech given Sept. 12 by Elisse B. Walter, a member of the Securities and Exchange Commission, in Wichita, Kan., at the annual conference of the North American Securities Administrators Association Inc.
Labor Department is seeking details on their members' IRAs
State security administrators failed to take state pre-emption out of a provision that authorizes start-up companies to raise capital on the internet and through social media.
In a move that highlights its increasing emphasis on enforcement, the Certified Financial Planner Board of Standards Inc. has hired its first director of investigations.
Federal lawmakers are pressing officials of the Securities Investor Protection Corp. to reimburse its Ponzi scheme victims.
Finra awards bank executive $870,000 over suitability of TW Tax Advantaged Fund
Morgan Keegan, the brokerage being sold to Raymond James Financial Corp., lost its bid to be dismissed from an $8 billion lawsuit brought by Canadian insurer Fairfax Financial Holdings Ltd.
Merrill Lynch will pay $1 million to settle Finra claims it circumvented rules that require arbitration before disputes go to court
Case appears to be headed for settlement after judge issues dismissal order; Reich was former NY district director
Growing number of defections seen over specific issues; whose side you on, anyway?
SEC, money market reforms get D's; 'put politics aside'
Regulator says Reich was fired because he failed to supervise subordinates or exercise leadership; he's suing for age discrimination
A former district director filed a lawsuit against Finra. The cause? Reportedly, he claims he was terminated and replaced by a younger person.
