Securities And Exchange Commission (SEC)
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SEC member leans against fiduciary-duty rule
Securities and Exchange Commission member Michael Piwowar indicated Tuesday he is leaning against a rule that would require all financial advisers to adhere to the “best interests” fiduciary standard, and instead favors strengthening disclosure.One of two Republican commissioners on the five-person
Don't overlook the housing recovery
Breakfast with Benjamin: Remember housing stocks? You should. Plus: How Pimco stepped in it, academics take on high-frequency trading, the bad math behind climate-change regs, and men are better retirement savers than women.
Yellen to the markets: Don't say you weren't warned
Midweek Breakfast with Benjamin: Yellen warned us. Plus: SEC probes Pimco ETF over asset pricing, America's 401(k)s are failing investors, and how Obama's attack on corporate inversions flunks basic math.
Pimco Total Return ETF faces SEC investigation
$3.6B ETF is reportedly is being investigated over whether it artificially inflated asset prices to boost returns.
SEC advisory panel recommends new approach to accredited investor label
Group suggests gauging sophistication of individuals based on knowledge, or limiting the portion of a portfolio that can be invested in private placements.
Rule proposal for new hire background checks moving to SEC
The role moving to the SEC would require brokers to put written procedures in place to verify the accuracy of applicants' U4 forms.
Bill Gross rides derivatives around Fed policy
Breakfast with Benjamin: The Bond King levers up. Plus: There is nothing smooth about the Fed's next move, the first nail in hedge funds' coffin and more.
Mr. Boudreaux goes to Washington
Louisiana financial planner makes trek to DC to lobby senator on user fee bill
SEC takes a hard stance on soft dollar abuses
The SEC recently announced sanctions against a broker-dealer in New York for ignoring red flags and making improper soft dollar payments to a San Diego-based registered investment adviser. The broker-dealer paid more than $400,000 to the RIA, even though the advisory firm failed to make full ...
Chairman White's political will may determine fiduciary-duty outcome
Like everything else in Washington, the outcome of the debate over whether to raise investment advice standards for brokers will come down to politics — or, more precisely, political will.Securities and Exchange Commission Chairman Mary Jo White has said that she wants the agency to decide by the
Advisers take stock as ETF portfolio manager F-Squared faces legal action
Wary advisers are taking a closer look at F-Squared Investments, the largest manager of exchange-traded-fund portfolios, which is under investigation for misrepresenting past returns.
Frustrated Fed calls out consumers for saving too much
Breakfast with Benjamin: The Fed now says consumers are saving too much. Plus: SEC reforms add risk to money market funds; considering a worst-case-scenario for economic growth; what Eric Cantor brings to Wall Street; and another case for long-short equity investing.
Ex-LPL broker to pay nearly $2 million for defrauding clients
Blake Richards misappropriated $1.7 million from at least seven investors, some of whom were elderly, according to the SEC's charges.
The Fed should raise rates, but it won't
Breakfast with Benjamin: The Fed should raise rates but... Plus: Financial advisers turn to options investing; the French government calls it quits; the SEC goes after asset-backed bonds; another Obamacare surprise; and what is really the most important meal of the day
Mary Jo White: Money market reform tops the SEC's list
The following is an excerpt from Securities and Exchange Commission Chairman Mary Jo White's opening comments at its open meeting on money market fund reform July 23.