Financial Regulatory Forum

Major U.S. exchange chief urges SEC-CFTC merger

July 17, 2009

seccftc    By Kevin Drawbaugh
   WASHINGTON, July 16 (Reuters) – The two main regulators of U.S. financial markets should merge, the chief executive of America’s largest options exchange says in remarks to be delivered to a congressional panel on Friday.

SEC proposes stricter muncipal bond disclosure

July 15, 2009

By Lisa Lambert and Rachelle Younglai
WASHINGTON, July 15 (Reuters) – Municipal bond issuers must disclose more information about events such as bankruptcies on a timely basis so that investors who buy debt from states and counties will be able to better monitor their investments, securities regulators proposed on Wednesday. (more…)

SEC to require more US muni disclosure -chairman

July 15, 2009

USA/    WASHINGTON, July 14 (Reuters) – The Securities and Exchange Commission will consider ways to increase disclosure of information about U.S. municipal bonds at a meeting on Wednesday, its chairman told Congress on Tuesday.

US SEC mulls ways to rely less on credit ratings

July 14, 2009

U.S. Securities and Exchange Commission Chairman Mary SchapiroWASHINGTON, July 14 (Reuters) – U.S. securities regulators are looking at ways to rely less on credit ratings, Securities and Exchange Commission Chairman Mary Schapiro told lawmakers on Tuesday. (more…)

U.S. SEC creates group to examine credit agencies

July 14, 2009

U.S. Securities and Exchange Commission Chairman Mary SchapiroWASHINGTON, July 13 (Reuters) – Credit rating agencies, such as Standard & Poor’s and Moody’s, are now being targeted by a squad of examiners set up by the Securities and Exchange Commission and are subject to ‘special’ examinations.

Obama administration seeks more SEC investor protection

July 13, 2009

   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.

Obama administration seeks boost to U.S. SEC investor protection

July 10, 2009

SEC headquarters

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…)

Top examiner to leave U.S. securities regulator

July 8, 2009


The headquarters of the U.S. Securities and Exchange Commission   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…)

US to give regulatory reforms details next week

July 3, 2009

   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.

US SEC moves to shake up corporate governance

July 2, 2009

   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.