SEC

Supreme Court will take on challenge to SEC in-house judges

Courts -

Courts -

The U.S. Supreme Court agreed to hear the legal question of whether SEC in-house judges are properly appointed.
Victory Capital planning IPO

Money Management -

Money Management -

Victory Capital Holdings filed with the SEC for an initial public offering.
SEC launches fixed-income advisory panel, ends equity counterpart

Regulation -

Regulation -

A panel of fixed-income experts shared their suggestions on how the Securities and Exchange Commission should research ways to improve liquidity.
Former ConvergEx transition management head settles with SEC over high execution costs

Courts -

Courts -

Khaled Bassily, former head of transition management at ConvergEx Execution Solutions, will pay about $1 million to settle SEC charges.
Commentary: The world according to Trump – Year 2

INDUSTRY VOICES -

INDUSTRY VOICES -

Donald Trump's first year as president left many in asset management wondering what to expect. What does 2018 hold?
Commentary: The $5 billion consideration for governmental and ERISA plan fiduciaries

INDUSTRY VOICES -

INDUSTRY VOICES -

Plan executives should be hypervigilant in ensuring they are receiving best execution.
Senate confirms EBSA head, 2 SEC commissioners

WASHINGTON -

WASHINGTON -

The Senate confirmed Hester Peirce and Robert Jackson​ as SEC commissioners and Preston Rutledge as assistant secretary of labor for EBSA.
TPG settles with SEC over accelerated monitoring fees

Regulation -

Regulation -

TPG reached a settlement with the SEC over charges that it accelerated monitoring payments without proper disclosure to limited partners.
House moves to regulate proxy-advisory firms

Governance -

Governance -

A measure requiring greater transparency from proxy-advisory firms was passed Wednesday by the House of Representatives along a party-line vote.
MetLife discloses it failed to pay benefits to some retirees from annuity buyouts

PENSION FUNDS -

PENSION FUNDS -

MetLife disclosed with the SEC that it has not been paying benefits to a subset of the retirees it inherited from U.S. corporate pension plans.

Regulation -

Regulation -

Gary Barnett, deputy director in the division of trading and markets, will retire effective Dec. 31, the Securities and Exchange Commission said Wednesday.
SEC names enforcement chief for complex products

Regulation -

Regulation -

Daniel Michael was named chief of the SEC enforcement division's unit on complex financial instruments.
Senator holds up vote on SEC nominees

Washington -

Washington -

Confirmation of two candidates to serve on the Securities and Exchange Commission is being held up by Sen. Tammy Baldwin over several concerns she has.
Tiger alum Nehal Chopra draws fine for communications with husband

Regulation -

Regulation -

Nehal Chopra was fined by U.S. regulators for allegedly engaging in communications with her husband that violated securities laws.
SEC is said to probe if banks helped hedge funds inflate returns

REGULATION -

REGULATION -

The SEC is investigating whether some banks crossed the line to win business by offering hedge funds bogus price quotes on hard-to-value bonds.