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
Firms to pay more than US$240 million in penalties and disgorgement
Measure designed to combat market timing
Regulator seeks comment on rule change