Westlaw business applies a legal lens to the SEC’s latest moves (more…)
Financial Regulatory Forum
By Kim Dixon
WASHINGTON, Oct 28 (Reuters) – The U.S. government has served subpoenas on wealthy individuals in recent days in the New York area, targeting those who may have evaded taxes using offshore accounts at Swiss bank UBS AG, lawyers said on Wednesday.
U.S. SEC pursuing “significant” insider cases-source
WASHINGTON, Oct 19 (Reuters) – U.S. securities regulators are pursuing “significant” insider trading cases involving financial professionals, a source familiar with the matter said on Monday.
Oct 9 (Reuters) – The U.S. Securities and Exchange Commission has released a draft five-year strategic plan which includes an overhaul of the way it inspects investment advisors in the wake of the Bernard Madoff Ponzi scheme scandal. (more…)
NEW YORK, Oct 5 (Reuters) – The U.S. Securities and Exchange Commission on Monday adopted a single set of rules for “clearly erroneous” trades, eliminating a mixed bag of standards that exchanges used to monitor increasingly electronic trading. (more…)
By Kevin Drawbaugh
WASHINGTON, Oct 5 (Reuters) – Firms ranging from airlines to agribusiness would be exempt from new rules on compulsory clearing of derivatives transactions under a bill in Congress aimed at tightening oversight of the financial system. (more…)
WASHINGTON, Sept 30 (Reuters) – The Securities and Exchange Commission has shortened the time period when U.S. municipal bond underwriting syndicates and account managers settle their accounts and when they can sell in the secondary market. (more…)
By Karey Wutkowski
WASHINGTON, Sept 17 (Reuters) – U.S. securities regulators proposed on Thursday a ban on flash orders that stock exchanges send to a select group of traders, fractions of a second before revealing them publicly. (more…)
WASHINGTON, Sept 17 (Reuters) – Credit agencies will have to disclose more of their ratings history, and banks will have to share data used to rate financial products with all credit agencies, under rules adopted by U.S. regulators on Thursday. (more…)