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 […]
The U.S. Securities and Exchange Commission is providing more detail into plans to allow foreign brokers easier access to U.S. markets.The SEC today published a proposed rule amendments to increase the range of services foreign broker-dealers are allowed to offer in the US. Earlier this week, the commission voted unanimously to issue the proposed rule […]
The U.S. Securities and Exchange Commission announced that it has proposed revised oil and gas company reporting requirements that are designed to help provide investors with a more accurate and useful picture of the reserves that a company holds.The SEC’s proposed rule changes include: permitting the use of new technologies to determine proved reserves; enabling […]
The U.S. Securities and Exchange Commission has proposed a relaxation of the rule governing the access of foreign brokerage firms to U.S. markets.The Securities Industry and Financial Markets Association applauded the SEC’s decision to open the rule, which governs how overseas investment professionals may approach potential U.S. clients and how those parties conduct business, to […]
The U.S. Securities and Exchange Commission announced an initiative to design the disclosure system of the future.The SEC pledged to examine fundamental questions about the way the SEC acquires information from public companies, mutual funds, brokers, and other regulated entities, and the way it makes that information available to investors and the markets. The aim […]
U.S. regulators and law enforcement brought charges against two former portfolio managers from Bear Stearns Asset Management over the collapse of their hedge funds last summer.The US Securities and Exchange Commission charged the fund managers with misleading investors about the financial state of the firm’s two largest hedge funds, and their exposure to subprime mortgage-backed […]
Many fixed income investors need additional information on structured finance instruments