Regulation and compliance
Regulation and compliance
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American Banker's front-page story lays out the details of how the financial regulatory reform bill, now at a critical juncture in House-Senate conference committee, would change the banking and retail investment management industries: http://www.americanbanker.com/issues/175_117/senate-financial-reform-1021072-1.html
June 21 -
House and Senate conferees meeting to hammer out a financial regulatory reform bill appear to have reached an agreement that would allow the Municipal Securities Rulemaking Board to regulate financial advisers and other market intermediaries.
June 18 -
Neither criminal prosecutors nor the SEC ever filed charges against AIG or any executives.
June 18 -
The House approved a bill 241 to 182 on Thursday that would create a $30 billion fund that community banks could access for small business loans.
June 18 -
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.
June 18 -
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.
June 17 -
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.
June 17 -
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.
June 17 -
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.
June 17 -
The SEC will also require glidepath graphics and asset allocation taglines in advertisementsa new twist for funds that really arent as easy as they look.
June 16 -
The Senate has the advantage in conference committee, but advocates have allies there, too.
June 16 -
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.
June 16 -
The ICI is asking both high-frequency traders and dark pools for more informationand turning to the SEC for help.
June 16 -
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.
June 16 -
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.
June 15 -
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.
June 15 -
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.
June 15 -
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.
June 15 -
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.
June 15 -
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.
June 14