Displaying 3266 results
Regulator to rule on SRO merger bylaw
An SEC bylaw change could eliminate NASD firms' ability to nominate and vote on a majority of the new SRO's board.
B-D exemption ruling stay filed with court
The SEC wants to give brokerages until Oct. 1 to transition fee-based brokerage assets into alternative accounts.
SEC settles fraud case
The Securities and Exchange Commission has settled civil charges with a former executive at Oppenheimer & Co. Inc. and three others over a scheme to defraud savings banks and their depositors.
SEC region head to step down
The Securities and Exchange Commission has announced that Randall R. Lee, the regional director at the SEC's Pacific Regional Office in Los Angeles, will step down at the end of June.
Oracle VP fined for insider trading
The Securities and Exchange Commission has fined a former Oracle Corp. vice president $198,000 for trading on confidential information about the company's acquisition targets he got from his wife, another employee of the company.
Overhaul of 12(b)-1 fees on tap, says Cox
In a session with reporters after his speech to the ICI membership, Securities and Exchange Commission Christopher Cox indicated that the SEC could consider ways for advisers to recoup expenses for servicing their customers’ accounts if 12(b)-1 fees are abolished.
Accept no substitutes, warns SEC
The Securities and Exchange Commission today alerted financial firms that several unknown individuals have attempted to impersonate SEC staffers when calling.
Frank to call SEC commissioners to hearing
Reacting to criticisms that the Securities and Exchange Commission’s policies increasingly favor companies over investors, Barney Frank, chairman of the House Financial Services Committee, will hold a hearing next month to address the issue.
SEC to weigh new proxy rules
The U.S. Securities and Exchange Commission will propose a rule this summer to address shareholder rights and proxy voting, said agency chairman Christopher Cox.
SEC’s Addleman moves to Atlanta
The Securities and Exchange Commission appointed Katherine Addleman as the regional director of the Atlanta Regional Office.
Citigroup to pay $200,000 for unit’s misdeeds
Citigroup Inc. has agreed to pay $200,000 to settle charges with the Securities and Exchange Commission regarding one of its brokerage units that manipulated auctions involving municipal and corporate bonds.
Senators urge end to mandatory arbitrations
A member of the Senate Banking Committee today joined an effort to get the Securities and Exchange Commission to drop the requirement for mandatory arbitration of securities disputes.
Fund directors urge 12b-1 changes
Rule 12b-1, which allows mutual funds to use fund assets to pay for the distribution of fund shares in certain circumstances, needs to be reexamined, according to a report released today by the Mutual Fund Directors Forum.
Zurich Capital Markets fined $16.8M
The Securities and Exchange Commission settled an administrative proceeding against Zurich Capital Markets Inc. for its role in financing to hedge fund clients that engaged in market timing of mutual funds and facilitating the "deceptive" trading tactics.
A.G. Edwards settles market-timing suit
A.G. Edwards & Sons Inc. of St. Louis yesterday settled with the Securities and Exchange Commission over allegations of mutual fund market timing. The firm agreed to pay $2.4 million in disgorgement and $1.5 million in penalties.
‘Blue sky’ exemptions for Nasdaq stocks
The Nasdaq Stock Market Inc. announced today that the Securities and Exchange Commission has exempted securities listed on the Nasdaq Capital Market from state "blue sky" registration requirements.
Distribution to start in Fannie Mae case
The Securities and Exchange Commission will begin distributing $357 million from its Fair Fund as part of its settlement with Fannie Mae on charges of fraud in connection with the preparation of its annual and quarterly statements.
Oil company to pay $44M for violations
Baker Hughes Inc., an international provider of oil field products and services, has agreed to pay more than $44 million in fines, penalties, and disgorgement of illicit profits, according to the Securities and Exchange Commission.
Lori Schock to leave SEC
The Securities and Exchange Commission announced today that Lori Schock, acting director of the Office of Investor Education and Assistance will step down, effective immediately.
Distribution begins in Jones settlement
The Securities and Exchange Commission today announced the distribution of a $79 million Fair Fund to current and former customers of Edward D. Jones & Co. LP.
