SEC

KKR pays nearly $29 million to settle charges with SEC over broken deal fees

KKR pays nearly $29 million to settle charges with SEC over broken deal fees

KKR has settled SEC charges that the alternatives investment firm had from 2006 to 2011 charged investors in its private equity funds for deals it pursued but did not consummate, the SEC order issued ...

June 29, 2015 | 04:25 pm
SEC on defensive following setback on use of hearings

SEC on defensive following setback on use of hearings

An impressive yearlong enforcement winning streak by the Securities and Exchange Commission could come to a screeching halt as the securities watchdog finds itself being forced to defend a preference ...

June 29, 2015
SEC files Wells notice against State Street

SEC files Wells notice against State Street

The Securities and Exchange Commission is recommending that action be taken against State Street Corp., said an 8-K filing from State Street on Thursday.

June 19, 2015 | 02:12 pm
Clients view money managers apart from tainted parents

Clients view money managers apart from tainted parents

Banks' admitted wrongdoing seems to have little to no effect on clients of their asset management businesses.

June 15, 2015
SEC scrutinizing stapled transactions

SEC scrutinizing stapled transactions

General partner-driven stapled transactions, a small but growing corner of the private equity secondary market, are drawing the attention of the Securities and Exchange Commission because of...

June 15, 2015
Former SEC chairwoman takes senior adviser position at activist hedge fund

Former SEC chairwoman takes senior adviser position at activist hedge fund

Mary Schapiro, former chairwoman of the SEC, was named senior adviser for governance and regulatory matters at activist hedge fund Hudson Executive Capital.

June 03, 2015 | 03:24 pm
Sen. Warren calls out SEC chairwoman for 'extremely disappointing' leadership

Sen. Warren calls out SEC chairwoman for 'extremely disappointing' leadership

Sen. Elizabeth Warren, D-Mass., on Tuesday criticized SEC Chairwoman Mary Jo White for “extremely disappointing” leadership.

June 02, 2015 | 03:56 pm
Making banks accountable

Making banks accountable

Pension funds, endowments, foundations and other asset owners — victims of manipulation of foreign exchange prices by four big banks and interest rate benchmarks by another — must demand...

June 01, 2015
SEC brings back former investment management director as chief of staff

SEC brings back former investment management director as chief of staff

Andrew J. “Buddy” Donohue was named chief of staff at the Securities and Exchange Commission, spokesman Kevin Callahan said.

May 28, 2015 | 02:51 pm
SEC grants waivers to banks settling criminal cases

SEC grants waivers to banks settling criminal cases

The Securities and Exchange Commission has granted waivers to the five banks allowing them to continue to serve as investment advisers and to issue securities after settling criminal charges of...

May 21, 2015 | 02:56 pm
SEC charges Gray Financial Group for defrauding public pension funds

SEC charges Gray Financial Group for defrauding public pension funds

The Securities and Exchange Commission announced fraud charges Thursday against Gray Financial Group for allegedly selling unsuitable investments to the $1.3 billion Atlanta General Employees’...

May 21, 2015 | 03:33 pm
SEC to propose that mutual funds disclose risk of rate rise

SEC to propose that mutual funds disclose risk of rate rise

The Securities and Exchange Commission is set to propose a requirement that mutual fund companies report how vulnerable their bond portfolios are to interest rate changes, said two people familiar...

May 20, 2015 | 11:37 am
SEC proposes rules requiring more fund disclosure, including on derivatives

SEC proposes rules requiring more fund disclosure, including on derivatives

The Securities and Exchange Commission announced Wednesday a series of proposals aimed at modernizing and enhancing data reporting by registered investment companies and investment advisers.

May 20, 2015 | 03:42 pm
SEC to expand alternative investment examination program to more asset classes

SEC to expand alternative investment examination program to more asset classes

Securities & Exchange Commission plans to expand its ongoing alternative investment examination program to other alternative investment managers including credit advisers, infrastructure and timber...

May 14, 2015 | 02:26 pm
SEC to scrutinize private equity secondary transactions

SEC to scrutinize private equity secondary transactions

SEC examiners will be paying closer attention to how private equity firms handle secondary transactions, Igor Rozenblit said Wednesday at a global private equity conference in Washington.

May 13, 2015 | 03:06 pm