Temporary order continues prohibition covering 19 financial stocks until Aug. 12
A proposal to reform the SEC’s “foreign broker” rule is a good first step
Emergency order prevents “naked: short selling in the securities of Fannie Mae and Freddie Mac
Prevention effort augments SEC’s ongoing enforcement investigations
The Securities Industry and Financial Markets Association is calling on the US Securities and Exchange Commission to revise its proposed treatment of market data fees.SIFMA filed a comment letter with the SEC and released a study to support its claim that firms would pay too much if the SEC approves a proposed order allowing NYSE […]
The U.S. Securities and Exchange Commission has released a report detailing weaknesses it uncovered in examinations of the three major credit rating agencies.The SEC examined Fitch Ratings Ltd., Moody’s Investor Services Inc., and Standard & Poor’s Ratings Services to evaluate whether they are adhering to their published methodologies for determining ratings and managing conflicts of […]
The U.S. Securities and Exchange Commission and the U.S. Federal Reserve Board announced that they have signed a memorandum of understanding (MOU) designed to improve co-operation and co-ordination between the agencies.Under the MOU, the SEC and the Fed would share information and co-operate across a number of areas, including anti-money laundering, bank brokerage activities, clearance […]
Tighter deadlines for proposed rule changes
The U.S. Securities and Exchange Commission has published for public comment proposed rule changes to make the limits and purposes of credit ratings clear to investors and ensure that the role assigned to ratings in SEC rules is consistent with the objectives of having investors make an independent judgment of credit risks.The commission voted unanimously […]
The U.S. Securities and Exchange Commission is seeking to define certain equity-linked financial products as securities in order to protect investors.The SEC has published for public comment a proposed new rule that aims to protect investors from fraudulent and abusive practices in the sale of equity indexed annuities. The commission voted unanimously to issue a […]