Compliance

After a heated debate, the regulatory reform conference committee agreed late Thursday to scale back a provision of the bill that would eliminate the use of trust-preferred securities as Tier 1 capital.

The Securities and Exchange Commission is stepping up its enforcement efforts in the municipal securities market for the first time in more than a decade, with a staff of roughly 30 attorneys charged with investigating and trying muni and public pension fund cases.

The Securities and Exchange Commission Wednesday accused the former owner of Taylor Bean & Whitaker with orchestrating a massive equity and MBS fraud tied to his firm's warehouse borrowings from Colonial Bank, a depository it tried to take control of last summer using Troubled Asset Relief Program (TARP) money.

Regulatory reform conferees tussled Wednesday over provisions that would allow the Government Accountability Office more power to audit the Federal Reserve Board, give shareholders a nonbinding vote on compensation and strengthen investor protections.

Proponents of the fiduciary standard for all financial advisors will be watching the House-Senate conference committee very closely Wednesday, when the group will begin to consider whether to include the requirement in the financial regulatory reform bill.

The SEC will also require glidepath graphics and asset allocation taglines in advertisements—a new twist for funds that really aren’t as easy as they look.

The Senate has the advantage in conference committee, but advocates have allies there, too.

House conferees debating financial regulatory reform legislation today are expected to vote on amendments that would require the Securities and Exchange Commission to register and regulate municipal financial advisers, replacing Senate language that would give such regulatory authority to the Municipal Securities Rulemaking Board.

The ICI is asking both high-frequency traders and dark pools for more information—and turning to the SEC for help.

Lawmakers unexpectedly added an overhaul of the deposit insurance system to the final regulatory reform legislation on Tuesday, adding sweeping provisions that were not part of either the House or Senate revamp bills.

The May 6 Flash Crash has sent the Investment Company Institute into action. The Washington trade association wants a better handle on high-frequency trading and dark pools. Not only is the ICI asking this clandestine corner of the market for more information, but it’s urging the Securities and Exchange Commission to look closer, too.

WASHINGTON — House conferees finalizing the regulatory reform bill unexpectedly proposed Tuesday to add sweeping provisions that would greatly expand deposit insurance coverage, but it remained unclear if their Senate counterparts would accept the package.

While coping with the flash crash and regulatory reform, the SEC's "new sheriff in town" paused for an interview Monday evening with CNBC's Maria Bartiromo.

The Securities Industry and Financial Markets Association Monday said the creation of a system of monitoring overall risks to the nation's financial industry could take one of eight forms, each of which would be costly.

The Securities Industry and Financial Markets Association Monday said the creation of a system of monitoring overall risks to the nation's financial industry could take one of eight forms, each of which would be costly.

More than 3,000 unwitting Canadians were fleeced of their retirement investments by four Canadians and two Florida men. The SEC's Denver office brought them in.

A fight is brewing over which agency should replace the soon-to-be-eliminated Office of Thrift Supervision on the board of the Federal Deposit Insurance Corp. While the House regulatory reform bill would give that seat to the Federal Reserve Board, the Senate's version would assign it to the proposed consumer protection bureau.

Four Canadians and two Americans were charged with swindling $300 million from investors who believed they were putting money into a gold mining operation.

The regulatory reform conference committee officially kicked off Thursday, and while the final fate of key provisions remains up in the air, it is clear senators have several advantages over their House counterparts.

WASHINGTON — Senate Banking Committee Chairman Chris Dodd Wednesday endorsed a proposal to force banks to spin off their derivatives desks, saying Sen. Blanche Lincoln's primary win this week had increased odds some form of it would be in the final regulatory reform bill.