Securities and Exchange Commission (SEC)
SEC announces details of hedge fund forum
The Securities and Exchange Commission (SEC), a US financial regulatory authority, plans to hold a hedge fund round table on May 14 and 15 to debate whether such funds negatively affect public investors.
SEC charges Merill Lynch in Enron case
The US Securities and Exchange Commission (SEC) yesterday charged Merrill Lynch and four of its former senior executives with aiding and abetting Enron’s alleged securities fraud – the first time a regulator has charged a bank with aiding the Houston…
Rating agencies open can of worms
NEW YORK — Rating agencies are coming under much closer scrutiny as providers of operational risk analysis, as a result of the Basel Accord revisions and recent US corporate scandals.
The SEC's E-mail Crackdown
Broker-dealers say vague wording in SEC rule 17a-4 will make compliance with the rule unnecessarily costly and burdensome.
The Price May Not Be Right!
Significant events that occur after a market has closed—but before the fund is valued—may lead to consumers buying a fund at an incorrect price due to stale pricing.
Merrill reaches agreement with SEC over Enron
Merrill Lynch has reached an agreement with the US Securities and Exchange Commission (SEC) to pay an $80 million fine as a result of its dealings with Enron.
SEC enforcement director to join law firm
Bill Baker, formerly associate director of the division of enforcement at the US Securities and Exchange Commission (SEC), is to join Latham & Watkins as a partner in the law firm's Washington, DC, office, on February 18.
US Senate calls for structured finance probe
The structured finance businesses of leading financial institutions in the United States are set to face a major business practice investigation during the next six months, with top US regulators set to introduce a new code of governance for structured…
Fed to explore operational risks in clearance of US government securities
The US Federal Reserve Board has established a private sector working group to recommend steps to mitigate operational risks in the clearance and settlement of US government securities.
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Short Selling
Top regulators denounce attempt to resurrect OTC energy bill
The four most senior financial regulators in the United States have joined forces to express concern at legislative proposals to expand regulation of over-the-counter energy derivatives.
OneChicago and Nasdaq Liffe to use SunGard system for SSF clearing
OneChiacgo Futures Exchange and Nasdaq Liffe Markets (NQLX) have signed up SunGard’s GMI back-office clearing system for trading single-stock futures (SSFs).
SEC buy-backs eased to counter short-sellers
The Securities and Exchanges Commission (SEC) has had some tough choices to make in the aftermath of last Tuesday’s terrorist outrage. In addition to coping with the decimation of its New York offices at 7 World Trade Center, the SEC has had to grapple…