U.S. securities industry supports SEC proposals
Four received illegal tips from the expert network consultants, regulator alleges
Regulator alleges firm failed to prevent misrepresentations to investors regarding Reserve Yield Plus Fund
Regulator alleges scheme devised by Canadian citizen
Information available on SEC website
The U.S. Securities and Exchange Commission proposed a rule Tuesday that would require advisors to hedge funds and other private funds to report certain information to the new U.S. Financial Stability Oversight Council.Under the proposal, larger private fund advisers managing hedge funds, “liquidity funds” (i.e., unregistered money market funds), and private equity funds would be […]
Smaller firms get temporary exemption
Source: The Associated PressMerrill Lynch on Tuesday agreed to pay a US$10 million fine to settle civil securities fraud charges by regulators who accused the firm of misusing customers’ order data to make trades for its own account and for failing to disclose trading fees.The Securities and Exchange Commission announced the settlement with Merrill Lynch, […]
Investors should be protected whether they work with and advisor or broker-dealer
The U.S. Securities and Exchange Commission Thursday voted to adopt two sets of new rules to bolster disclosure in the asset-backed securities market.The SEC approved one set of rules that requires ABS issuers make disclosures designed to help investors identify loan originators with clear underwriting deficiencies, by revealing the history of the requests they received […]