Government Agencies SEC

  • One goal of a new Securities and Exchange Commission proposed regulatory package: Mitigate conflicts of interest when brokers make investment recommendations to their retail clients.

  • The SEC is calling its rule Regulation Best Interest, but the lone dissenting commissioner had a different name for it: Perhaps it would be more accurate to call it regulation status quo, said Kara Stein, a Democratic appointee to the commission who attacked the rule in blistering language during a hearing on Wednesday. If implemented, the draft SEC rule will be a...

  • NEW YORK, April 18- The U.S. Securities and Exchange Commission on Wednesday proposed a new rule that would require brokers at firms like Morgan Stanley and Merrill Lynch Wealth Management to clearly explain the fees investors pay and commissions brokers earn when giving financial advice. SEC Chairman Jay Clayton said the rule "reflects our efforts to fill the...

  • SEC Chairman Jay Clayton said the proposed rule "should increase investor protection without adversely affecting investor choice" by bridging "any gaps between what retail investors expect from their investment professionals and what our laws require." The proposed rule would require brokers at the 3,800 firms registered with the SEC and the Financial...

  • NEW YORK, April 18- The U.S. Securities and Exchange Commission on Wednesday proposed a new rule that would raise the standards registered broker-dealers in the securities industry must comply with when providing retail investors financial advice.


  • The U.S. Securities and Exchange Commission is requesting certain information from Riot Blockchain, reports "Squawk Box's" Becky Quick.

  • According to Mellon's Linked In account and documents of the Securities and Exchange Commission, he attended the Wharton School and later worked in fashion, telecommunications and finance, most recently as an adviser for the digital currency company Ripple Labs. Testifying at a trial where Mellon was acquitted of hiring a private detective to snoop into...

  • NEW YORK, April 15- Guggenheim Partners on Sunday said it is "cooperating fully" with an investigation of its asset management subsidiary that is being conducted by U.S. securities regulators. The statement followed a report in the Wall Street Journal that said the company was asked to retain documents related to transactions involving a second company, ABS...

  • Michael Ferro's company Merrick Media listed the sale in a filing with the Securities and Exchange Commission on Friday. McCormick is a descendent of Chicago Tribune publisher Robert McCormick. Formerly Tribune Co., Tronc operates newspapers including the Chicago Tribune, New York Daily News and The Baltimore Sun.

  • Tax selling pushed bitcoin prices to record lows. But now that tax season is almost over, the crypto asset is set to make a major comeback, says one venture capitalist.

  • Mark Zuckerberg, chief executive officer and founder of Facebook Inc., listens during a joint hearing of the Senate Judiciary and Commerce Committees in Washington, D.C., U.S., on Tuesday, April 10, 2018.

    Facebook's 2012 IPO prospectus outlined the risk of the kind of data leaks that have recently been revealed.

  • Understanding alts and their risks may require more homework than most investors are willing to take on.

    Securities regulators will consider next week whether to move forward with improved standards for advisors and brokers working with retail clients.

  • LAGOS, April 12- Shares of Nigerian oil company Oando surged 10 percent on resuming trade in Lagos on Thursday after the regulator lifted a suspension. The shares traded only briefly on Wednesday after being suspended for six months following directives from the Securities and Exchange Commission which is investigating the oil company over alleged insider...

  • EPR Properties, the Kansas City- based real estate investment trust that holds the mortgage on the Kansas attraction, said Monday in a filing with the Securities and Exchange Commission that the March indictments could hurt attendance at Schlitterbahn's water parks and "may negatively impact the likelihood of repayment," The Kansas City Star reports.

  • In a secret complaint filed with the Securities and Exchange Commission, wildlife preservation advocates allege that Facebook's failure to stop illicit traders using its service for illegal activity violates the social network's responsibilities as a publicly traded company. Facebook CEO Mark Zuckerberg testified Tuesday on Capitol Hill.

  • The Securities and Exchange Commission said Monday that it accused Clifton E. Stanley, 66, of Galveston, Texas; The Lifepay Group; Michael E. Watts, 62, of Sugar Land, Texas; and SMDRE LLC with violating securities-registration and antifraud laws. The SEC says from 2010 to 2017 Stanley lured at least 30 elderly victims in Texas and Louisiana to invest about $2.4...

  • Longfin said it was notified that its public accounting firm CohnReznick would no longer work with the company, effective immediately, according to an 8-K filing with the SEC.

  • The Securities and Exchange Commission in Washington.

    The U.S. Securities and Exchange Commission said it will freeze $27 million in trading sales from cryptocurrency firm Longfin.

  • WASHINGTON, April 6- The U.S. Securities and Exchange Commission on Friday said it had targeted allegedly illegal stock sales involving Longfin Corp stock as well as the finance and technology company's chief executive and three other people.