Tag: SEC

GAO: SEC Enforcement Unit Still Has Remaining Management Woes

September 17, 2007 (PLANSPONSOR.com) - While the enforcement division of the U.S. Securities and Exchange Commission (SEC) has instituted management improvements in recent years, it has a ways to go to reach its greatest level of effectiveness, according to a new government study.

SEC Issues Warning for Fund Co's 22c-2 Info Misuse

September 4, 2007 (PLANSPONSOR.com) - With an anti-market timing rule scheduled to go into effect October 16, 2007, Securities and Exchange Commission (SEC) regulators have warned the investment industry not to misuse investor data they may now have to gather.

SEC Advice Exemption Rebuffed

March 30, 2007 (PLANSPONSOR.com) - A federal appeals court has rebuffed a Securities and Exchange Commission exemption, ruling that the agency exceeded its authority in granting a disclosure exemption on investment advice.

San Diego Slapped with SEC Sanctions for Bond Sale Fraud

November 14, 2006 (PLANSPONSOR.com) - Federal securities regulators on Tuesday sanctioned the city of San Diego for committing securities fraud by lying about the true financial status of its pension and retiree health obligations when selling municipal bonds.

BISYS Reveals Proposed $25.1M SEC Deal on Financial Restatements

November 3, 2006 (PLANSPONSOR.com) - The BISYS Group announced Friday that it and staff members of the US Securities and Exchange Commission (SEC) have hammered out a $25.1 million agreement in principle over the SEC investigation into company financial restatements in 2004 and 2006.

Feds Break Up Retirement Fraud Scheme

August 11, 2005 (PLANSPONSOR.com) - Federal regulators have charged a California man with running a $22 million scheme designed to bilk investors out of their IRA accounts.

Court Throws out Hedge Fund Registration Rule

June 23, 2006 (PLANSPONSOR.com) - The US Court of Appeals for the District of Columbia Circuit has determined that a Securities and Exchange Commission (SEC) rule requiring certain hedge funds to register with the agency cannot stand as is.

SEC Adopts New Fund-of-Funds Rules

June 22, 2006 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) has adopted amendments to several forms and three new rules under the Investment Company Act that pertain to fund-of-funds arrangements.

SEC To Consider Further Hedge Fund Regulation

May 2, 2006 (PLANSPONSOR.com) - Securities and Exchange Commission chairman Christopher Cox said Monday the regulator plans in the next 9 to 12 months to decide whether to impose more regulations on the hedge fund industry.

MSRB Files Guidance Related to 529 Plan Sales

March 31, 2006 (PLANSPONSOR.com) - The Municipal Securities Rulemaking Board (MSRB) has filed interpretive guidance with the Securities and Exchange Commission (SEC) related to the sale of 529 plans.