SEC

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  1. SEC to require backup operational plans for large-volume trading venues

    trueThe SEC on Wednesday approved requiring large-volume equity exchanges, alternative trading systems and dark pools to submit to the agency backup operational plans in case those venues' technological systems break down.

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  1. Regulators levy $4.4 billion in fines on banks for forex manipulation

    trueCitibank, HSBC, J.P. Morgan Chase, Royal Bank of Scotland and UBS received a combined $3.4 billion in penalties from U.S., U.K. and Swiss regulators for manipulating foreign exchange benchmark rates to benefit certain traders from 2008 to 2013.

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  2. First fines in forex probe expected Wednesday

    trueU.S., U.K. and Swiss authorities are preparing to levy the first penalties over foreign-exchange manipulation against at least six banks on Wednesday.

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  3. Justice Department, SEC probe State Street over political contributions

    trueThe Justice Department and Securities and Exchange Commission are investigating State Street Corp. concerning the custody bank's solicitation of business from public pension funds, including “at least one instance” when one of its consultants made political contributions during and after a public ...

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  4. Critics strike back at tick-size pilot program

    trueThe inclusion of a trade-at provision in the SEC's proposed small-cap tick-size pilot program is proving controversial, with debate centering on whether it unfairly targets dark pools and makes the overall pilot too complex.

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  5. Eaton Vance receives SEC exemption for active non-transparent ETFs

    trueThe SEC granted Eaton Vance an exemption from certain provisions of the Investment Company Act of 1940 to permit the offering of exchange-traded managed funds, said Eaton Vance spokeswoman Robyn Tice.

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  6. Managers more serious about compliance

    truePrivate equity and hedge fund managers, prodded by their institutional clients, are taking compliance more seriously as federal examiners and enforcers up their game targeting practices they say put investors at a disadvantage.

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  7. The market is ready for proxy access

    trueIt is time for the Securities and Exchange Commission to propose proxy access again.  

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  8. ETP traders not responding to exchange overtures

    trueAll too often, exchange-traded products are described as mutual funds that trade like stocks. A closer look reveals that not to be the case. To the surprise of many, ETP traders are comfortable in the dark.

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  9. Money managers to redraw battle plans after SEC nixes batch of nontransparent ETFs

    trueActive fund managers will have to redraw battle plans in their years-long push to bring new products to exchanges after regulators delivered a public rebuke to two proposals for so-called “non-transparent” ETFs.

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  10. SEC rejects applications for non-transparent ETFs

    trueThe Securities and Exchange Commission has declined an appeal by active fund managers to allow ETFs to trade without disclosing their underlying holdings.

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  11. SEC's compliance office makes conflicts of interest a top priority

    trueConflicts of interest are a top priority for the Securities and Exchange Commission's office of compliance inspections and examinations, Andrew Bowden, OCIE director, told compliance professionals gathered at the NSCP Compliance Conference on Tuesday.

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  12. SEC picks hedge fund expert as OCIE deputy director

    trueMarc Wyatt was named deputy director of the SEC’s office of compliance inspections and examinations, the agency announced Monday.

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  13. SEC enforcement sets record in FY 2014

    trueThe Securities and Exchange Commission filed a record 755 enforcement actions in fiscal year 2014 that led to $4.16 billion in disgorgement and penalties, according to preliminary figures released by the agency Thursday.

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