Displaying 138 results
SEC slaps Schwab with warning over bond funds
The Securities and Exchange Commission's warning to The Charles Schwab Corp. that it could face civil charges over two fixed-income mutual funds may have a direct effect on current and looming legal actions from investors over losses suffered in the funds.
It’s not just 12(b)-1 fees, say SEC critics
As it attempts to crack down on 12(b)-1 fees, the Securities and Exchange Commission is ignoring a raft of mutual fund charges that investors are paying indirectly, critics contend.
Financial advisers, brokers in fiduciary-study rumble
It is usually very quiet in Washington in August. But over at the SEC, the late-summer calm has given way to a din as lobbyists battle over the standard of care for investors.
Schapiro: SEC is soliciting input on fiduciary issue
Just days after the financial-regulatory-reform law was signed, the Securities and Exchange Commission issued a request for public comment on a provision addressing the standard of care for investment advice.
Broker-dealers blast SEC pricing plan for mutual fund fees
Brokerage executives are slamming the SEC's proposal to allow broker-dealers to set their own sales charges on mutual funds, claiming that it could create problems for both the industry and individual investors.
Fiduciary battle moves to SEC
The battle over whether stockbrokers should be more accountable to individual investors likely will shift this week from…
Firm insists it followed SEC’s ethics rules
Getco, a market-making firm that specializes in global high-frequency electronic trading, insists that it followed SEC ethics rules in recruiting and hiring a top SEC official as its associate general counsel.
SEC to focus on conflicts in muni bond business
The SEC's announcement last week that it is launching an investigation of the municipal bond market is aimed at increasing transparency and weeding out conflicts of interest.
SEC to require money funds to disclose shadow NAVs
Money market funds will have to disclose on a delayed basis their fluctuating “shadow” net asset values rather than their $1-per-share value, thanks to a rule that the SEC adopted last week.
Expected about-face on placement agents invites criticism
The Securities and Exchange Commission's expected move to regulate placement agents as broker-dealers instead of prohibiting investment advisers from using them won't curb influence-peddling, some critics say.
A uniform fiduciary standard a good bet, one way or another
While brokers who provide advice will likely be held to a fiduciary standard this year, a battle is raging on Capitol Hill over what that standard would look like and how it would work.
SEC to use outside auditors to confirm advisory firm records
SEC examiners will turn to outside auditors and other third parties to help verify records at investment advisory and broker-dealer firms, an agency official said last week at the CCOutreach conference.
Rep and his practice sued, in apparent first
In an apparent first, a group of investors have sued their registered representative and his individual practice in a potential class action stemming from oil-and-gas private placements that the SEC claims were fraudulent.
Judge Rakoff officiates at ex-law clerk’s nuptials
Order in the wedding party — here come da judge.
Alleged scam artist jailed
A federal judge in Minnesota last week ordered Trevor G. Cook jailed for failing to surrender more than $35 million in assets.
Money manager and radio personality charged with foreign-currency fraud
The Securities and Exchange Commission has obtained an emergency court order freezing the assets of a Minneapolis money manager and a nationally syndicated radio personality for allegedly operating a foreign-currency-trading scheme.
Actively managed ETFs pique interest of big fund companies
The actively managed exchange-traded-fund market is expected to explode as top mutual fund companies consider entering the business or expand their lineups.
Texas adviser used former NFL players to promote scheme, the SEC charges
An investment adviser has been charged with defrauding investors in a scheme that used former National Football League players to promote offerings in an insurance company.
Feds want to get their hands on life settlements, observers say
As states propose and pass rules for oversight of life settlement transactions, industry participants wonder just how far the Securities and Exchange Commission will reach into the market to provide uniform guidance on disclosure and broker registration.
Her past is a problem
Financial advisers see “Finra” plastered across SEC Chairman Mary Schapiro's forehead, and it makes them nervous.
