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 […]
Judgment orders Macdonald to pay disgorgement of US$810,000.
Four charged in insider probe
Scheme raised in US$34 million from investors in U.S., Canada
The U.S. Securities and Exchange Commission proposed several rules Wednesday that will ramp up the disclosure obligations on both resource companies and firms that use minerals from troubled countries.The SEC voted unanimously to propose measures to require new disclosure by reporting issuers concerning “conflict minerals” that originate in the Democratic Republic of the Congo or […]
Georgiou ordered to pay US$56 million in restitution
The U.S. Securities and Exchange Commission is proposing new rules to expand oversight of investment advisors that run private funds, such as hedge funds.