Tag: SEC

AIG Delisted from NYSE—Not!

As if American International Group (AIG) hasn't been picked on enough, late yesterday the New York Stock Exchange (NYSE) posted a notice of suspension and delisting for AIG on its Web site—accidentally.

SEC to Consider SSgA Charges on Fixed-Income Fund Activities

Staff investigators at the Securities and Exchange Commission (SEC) have announced their intention to get permission from commissioners to file civil charges against State Street Bank and Trust Co. in connection with the activities of its State Street Global Advisors (SSgA) unit.

SEC Will Move To Block Reserve Fund Suits

The Securities and Exchange Commission (SEC) will ask a federal judge to block some investor lawsuits against the failed Reserve Primary Fund to ensure all shareholders get as much money as possible, the New York Times reported.

SEC Finalizes ARS Settlements with Three Banks

The Securities and Exchange Commission (SEC) said it finalized settlements with Bank of America, RBC Capital Markets, and Deutsche Bank over charges that the firms misled investors regarding the liquidity risks associated with auction rate securities (ARS) that they underwrote, marketed, or sold.

Schapiro Asks Staff to Recommend Changes to 12b-1 Fees

Mary Schapiro, Securities and Exchange Commission (SEC) chairman, told the Senate Appropriations Committee’s Subcommittee on Financial Services and General Government today that she has asked the SEC staff to prepare a recommendation to change Rule 12b-1.

Murky Waters

How to work (a) with, (b) around, (c) through your compliance department

Designation “Hitters”?

Advisers may try to use designations to boost their businesses but regulatory oversight is increasing