SEC

SEC disgorgement practices challenged in lawsuit

REGULATION -

REGULATION -

A class-action lawsuit challenges the Securities and Exchange Commission's statutory authority to collect fines and penalties.
Asset managers' systemic risk should be regulated differently than banks — Treasury report

Regulation -

Regulation -

The asset management industry should be regulated differently than banks when it comes to assessing systemic financial risk.
SEC gives acting director permanent job at office of compliance inspections and examinations

REGULATION -

REGULATION -

Peter Driscoll was named director of the Securities and Exchange Commission's office of compliance inspections and examinations.
SEC issues guidance on unbundling of research, execution costs

REGULATION -

REGULATION -

U.S. managers will be allowed to unbundle research and execution costs and not violate their fiduciary duty under guidance issued by the SEC.
SEC nominees commit to revisiting regulations, holding executives accountable

Washington -

Washington -

Senate Banking Committee chairman expects both SEC commissioner nominees to have full Senate support in the coming weeks.

Regulation -

Regulation -

Brett Redfearn was named director of the division of trading and markets.
Wall Street is said poised to get key SEC reprieve on MiFID

REGULATION -

REGULATION -

The SEC is preparing to tell financial firms they won't have to overhaul their operations to comply with sweeping new European rules governing investment research.
Equity traders give poor review of SEC's tick-size pilot in small caps, Greenwich finds

Trading -

Trading -

Most U.S. money manager equity traders are either uncertain about or opposed to the SEC's tick-size pilot in small-cap stocks.
Cybersecurity concerns spin havoc

REGULATION -

REGULATION -

A potential delay in the SEC's launch of the consolidated audit trail over cybersecurity concerns could could stall another regulatory initiative.
Regulators gather to share investing, anti-fraud measures

REGULATION/LEGISLATION -

REGULATION/LEGISLATION -

Regulators from six continents converged on Washington in early October to help raise awareness about educating and protecting investors.
SEC is said to review Guggenheim's Bob Diamond-tied investments

REGULATION -

REGULATION -

U.S. regulators are reviewing whether Guggenheim Partners inappropriately steered client money into Bob Diamond's businesses.
Treasury Department calls for capital market reforms

REGULATION -

REGULATION -

Treasury calls for "significant reforms" to capital market rules to promote economic growth while still protecting investors.
Jay Clayton tells lawmakers SEC is drafting its own fiduciary duty rule

REGULATION -

REGULATION -

SEC Chairman Jay Clayton told lawmakers on Wednesday that the agency is drafting a proposal for a fiduciary rule.
Sustainability Accounting Standards Board unveils proposal for updated reporting standards

ESG -

ESG -

The Sustainability Accounting Standards Board released on Monday proposed updates to sustainability reporting standards.
SEC says EDGAR breach obtained personal information of 2 people

CYBERSECURITY -

CYBERSECURITY -

Hackers who breached the SEC's EDGAR corporate filing system accessed a test filing that contained the names, birth dates and Social Security numbers of two people.