Regulation
Supreme Court Hears Case That Could Invalidate Administrative Courts
The ruling, expected in June 2024, could have a wide-ranging impact.
Tag: SEC
Regulation
Asset Management Advisory Firm President Charged by SEC in Massive Fraud
John Hughes bilked dozens of victims of nearly $300 million in a ‘brazen and sophisticated fraud’ and has already pleaded guilty to criminal charges.
Regulation
FINRA Proposes Allowing Projected Performance in Marketing to Institutional Investors
The regulating body breaks with its previous skepticism of projected performance, but only for qualified purchasers and institutional investors.
Regulation
Federal Court Enters Judgment Against Former Hedge Fund Trader
Premium Point had inflated the value of private funds it advised by hundreds of millions of dollars to hide poor performance.
Regulation
Speaker Mike Johnson Unlikely to Deviate From Republican Regulatory Agenda
The Louisiana congressman has had almost no contact with the financial industry in terms of legislative activity.
Regulation
Gensler Says No New Regulations Needed for Crypto
The enforcement actions taken by the SEC against cryptocurrency actors are justified under existing law, the SEC chairman said at a conference.
Regulation
BlackRock to Pay $2.5M SEC Fine for Charges of Inaccurate Disclosure
The SEC charged the asset manager with describing a marketing firm as a financial services firm.
Regulation
DC Circuit Court Orders SEC to Reconsider Bitcoin ETF
The court ruled in August that the SEC had unfairly blocked the Grayscale bitcoin ETF, given the SEC had already approved two bitcoin futures ETPs.
Regulation
New SEC Proposal Would Limit Bulk Discounts for Exchange Trading
Exchanges would be forbidden from offering volume-oriented rebates or pricing for broker/dealer agency orders.
Regulation
Complex Products, Including Crypto, Highlighted in SEC Exam Priorities
Variable annuities, certain REITs and private holdings were other examples listed in the notice.
Regulation
Congressman Calls for Proxy Firms to Register With SEC
Wisconsin’s Bryan Steil repeated the thesis of proposed legislation at an STA conference on Thursday: Proxy firms should register and disclose conflicts.
Regulation
New IPOs Cannot Be Processed During Potential Shutdown, SEC Chairman Says
Companies cannot go public if the SEC lacks the staff to process the paperwork, and public companies may be unable to make new offerings.
Regulation
Infrastructure Fund Adviser Penalized $1.6M by SEC for Fee, Conflict Violations
The firm allegedly failed to disclose conflicts of interest and loans between funds it was advising and managing.
Regulation
SEC Tightens Fund Naming Rules
The new rule applies an 80% investment policy that extends far wider than just ESG funds.
Regulation
SEC’s Birdthistle Defends AI Proposal at House Hearing
The director of investment management said the definition of covered technology is not as broad as many fear, but that the SEC is taking comments on the proposal’s scope seriously.