Nasdaq voices its support
SIA applauds Donaldson
Skilling accused of fraud
Also pondering ban on soft-dollar commissions
The U.S. Securities and Exchange Commission and the National Association of Securities Dealers are sanctioning 15 of the worst offenders for failing to deliver millions of dollars of mutual fund breakpoint discounts during 2001 and 2002.Breakpoint discounts are volume discounts that apply against funds sold on a front-end sales charge. The SEC and NASD each […]
SEC, Spitzer lay "late-trading" charges
Regulator aims to hire 106 new employees
Amendments designed to enhance fund governance
Canadian Imperial Bank of Commerce will pay US$80 million to settle charges of aiding and abetting the Enron Corp. accounting fraud, the U.S. Securities and Exchange Commission said Monday. The SEC alleged that between June 1998 and October 2001, CIBC and Enron structured 34 financings as “asset sales” for accounting and financial reporting purposes, allowing […]
Proposes amendments to mutual fund disclosure rules