Financial Regulatory Forum

   By David Lawder
   WASHINGTON, July 10 (Reuters) – The Obama administration  wants to give the U.S. Securities and Exchange Commission broad powers to identify and ban compensation practices at investment brokers and advisers that interfere with their fiduciary duties to clients.
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WASHINGTON, July 10 (Reuters) – The Obama administration on Friday proposed legislation to strengthen the Securities and Exchange Commission’s investor protection authority, including the power to ban certain forms of compensation for brokers and investment advisers. (more…)

   WASHINGTON, July 8 (Reuters) – The U.S. Securities and Exchange Commission’s top inspector and examiner, Lori Richards, plans to leave the agency Aug. 7, the SEC said on Wednesday. Richards, director of the compliance inspections and examinations unit since it was created in 1995, leaves after a year in which her division and the SEC enforcement unit were accused of failing to spot Bernard Madoff’s $65 billion investment fraud. (more…)

   WASHINGTON, July 2 (Reuters) – The Obama administration is aiming to release detailed legislative language for its proposals on corporate governance, shareholder rights, and derivatives regulation next week, sources familiar with the plans said Thursday.
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   By Rachelle Younglai
   WASHINGTON, July 1 (Reuters) – U.S. securities regulators moved to change how companies elect board members and govern themselves, tilting the corporate playing field toward investors who have complained of weak boards and lavish pay for top executives.
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    WASHINGTON, July 1 (Reuters) – A U.S. Securities and Exchange Commission lawyer warned  about irregularities at Bernard Madoff’s financial management firm as far back as 2004, The Washington Post reported on Thursday, citing agency documents and sources familiar with the investigation.
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   By Rachelle Younglai
   WASHINGTON, July 1 (Reuters) – U.S. securities regulators moved to change how companies elect board members and govern themselves, tilting the corporate playing field toward investors who have complained of weak boards and lavish pay for top executives. (more…)

   By Rachelle Younglai and Jonathan Stempel
   WASHINGTON/NEW YORK, June 30 (Reuters) – U.S. securities regulators are considering changing how companies are required to disclose stock options awarded to executives, people familiar with the Securities and Exchange Commission’s thinking told Reuters on Tuesday.
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