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…)
Financial Regulatory Forum
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…)
By Jonathan Stempel and Grant McCool
NEW YORK, Sept 14 (Reuters) – A federal judge rejected Bank of America Corp’s $33 million settlement with the U.S. Securities and Exchange Commission over Merrill Lynch & Co bonuses as a contrivance, and New York’s top legal officer prepared to sue senior bank executives.
WASHINGTON, Sept 3 (Reuters) – An investigative panel in the U.S. Congress will hold hearings on the failure of the U.S. Securities and Exchange Commission to follow clues that could have uncovered Bernard Madoff’s $65 billion Ponzi scheme.
By Christopher Doering and Rachelle Younglai
WASHINGTON, Sept 3 (Reuters) – The two main U.S. regulators policing the securities and futures markets were urged on Thursday to align their rules for ferreting out fraud, protecting investors and punishing wrongdoers.
WASHINGTON, Sept 3 (Reuters) – Legislation to overhaul the U.S. Securities and Exchange Commission and prevent another Madoff-style fraud from escaping notice will be offered by U.S. Senator Charles Schumer, he said in a statement on Thursday.