The U.S. Securities and Exchange Commission has approved a plan that establishes a process for reserving, selecting, and allocating securities symbols, the regulator announced Thursday.The SEC notes that there is a limited supply of securities symbols — particularly one-, two-, and three-character symbols. As the exchanges expand the number of securities listed and compete for […]
The U.S. Securities and Exchange Commission charged broker-dealer Lazard Capital Markets LLC and three employees for improperly entertaining traders at Fidelity Investments.The firm was charged on Thursday with failing to supervise three employees who collectively spent more than US$600,000 while improperly entertaining traders at Fidelity Investments in an effort to generate brokerage business. The SEC […]
Regulator releases fiscal 2008 enforcement results
The report will look at accounting standards and the impact of bank failures, among other things
It remains to be seen whether the CSA or other jurisdictions follow suit
Certain players say the use of fair-value accounting should be suspended for financial institutions
Roundtable discussions will advise SEC on transition from forms-based system to one that is more dynamic and user friendly
A joint report released on Monday outlines ways that firms can strengthen their policies and procedures for serving older investors
Action taken to protect investors and markets
Rules now apply to securities of all public companies