SIA says new rule will eliminate potential conflicts of interest
Regulator committed to fulfill its investor protection mandate
Firm to pay total US$2 million in fines and will be censured by NYSE
Franklin Advisers to pay US$50 million
SEC releases report on attack trading investigation
The Securities and Exchange Commission has voted, in a split decision, to propose a controversial new rule requiring hedge fund advisors to register.The decision was nominally along party lines, with SEC chairman Bill Donaldson siding with the so-called Democratic commissioners in a three-to-two decision in favour of the new rule. The split decision highlights the […]
SEC files civil charges against former Enron chairman
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 […]