Must pay US$50 million in disgorgements and penalties
Settlement appropriate in light improper professional conduct, SEC says
New research suggests that the Securities and Exchange Commission’s efforts to end selective disclosure has had unintended consequences for the market, hurting small firms most.The paper by Armando Gomes of the Wharton School, and Gary Gorton and Leonardo Madureira of the University of Pennsylvania empirically investigates the effects of adopting the Regulation Fair Disclosure by […]
New rules also require 75% of fund directors be independent
Firm agrees to pay US$90 million
Proposed rules would implement Gramm-Leach-Bliley definition of "broker"
Adopts new rules on ethics, disclosure of fund-fee discounts
Firm and founder agree to pay US$140 million
Accused of misstating financial results in deal with Bombardier
Rules designed to shine light on market timing