FINRA, SEC Warn Investors against Oil Spill Scams
In addition to economic and environmental threats, the recent oil spill in the Gulf of Mexico poses a threat to investors, according to an investment alert from regulators.
Tag: SEC
DoL, SEC Offer TDF "Primer"
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) and the U.S. Securities and Exchange Commission (SEC) have published what was termed “guidance to help...
State Street Analytics Aimed at Money-Market Funds
State Street has developed a suite of money-market fund services designed to help advisers comply with new amendments to the Rule 2a-7 regulations governing money-market funds.
Securities Litigation Declined in 2009
Securities litigation declined significantly in 2009 compared with 2008, according to a study by accounting firm and consultant PricewaterhouseCoopers.
SEC Announces Distribution of Prudential Market-Timing Settlement
The Securities and Exchange Commission (SEC) has announced a distribution of nearly $185 million to more than 800 mutual funds that were affected by illegal market timing by...
SEC Charges L.A. Investment Firm for Ponzi Scheme against Retirees
The Securities and Exchange Commission (SEC) has filed fraud charges against a Los Angeles-based investment advisory firm and its principal for an alleged $14.7-million Ponzi scheme targeting retired...
SEC-BofA Settlement Receives Judge’s Approval
A long-brewing regulatory conflict ended today as a U.S. District Judge approved Bank of America’s (BofA) $150 million settlement with the Securities and Exchange Commission (SEC).
SEC Employees under Investigation for Watching Porn
The Washington Times reported that the U.S. Securities and Exchange Commission (SEC) has launched internal investigations against more than two dozen employees and contractors for viewing pornography on...
State Street Settles Subprime Mortgage Charges with State, Feds
State Street Corporation has agreed to pay $333 million as part of a series of settlements with state and federal regulators over allegations it misled investors about the...
BofA Settles with SEC, Faces Suit from Cuomo
It was a big day for Bank of America (BofA), as the bank settled one lawsuit and was handed a new one.
Advisers Say How Fiduciary Standard Could Change Business
If implemented, financial advisers said a fiduciary standard would put an increased focus on financial planning and fee-based advisory services, according to an industry report.
SEC Adopts New Rules for Money Market Funds
The Securities and Exchange Commission (SEC) has adopted new rules to better protect money market fund investors.
SEC Draws Attention to Climate Change Reporting
The Securities and Exchange Commission (SEC) hasn’t taken a position on climate change—but it has offered some new guidance on how firms should take that potential into account...
Former Morgan Stanley Adviser Agrees to $80K SEC Settlement
A former Morgan Stanley institutional financial adviser has settled Securities and Exchange Commission (SEC) charges of securities law violations for not properly disclosing his conflicts of interest.
SEC Creates Specialized Enforcement Units
Among the specialized units unveiled by the Securities and Exchange Commission (SEC) is a unit focusing on investigations involving investment advisers.
SEC Files another Suit against BofA
The Securities and Exchange Commission (SEC) didn’t waste a breath in filing additional charges against Bank of America (BofA).
Judge Rejects New SEC Claims against BofA
A federal judge ruled the U.S. Securities and Exchange Commission (SEC) cannot add new claims to the current case related to Bank of America Corp.’s takeover of Merrill...