Group Sues SEC over File Destruction, Contending Agency Violated Federal Law

A public interest group—Citizens for Responsibility and Ethics in Washington—Sept. 27 sued the Securities and Exchange Commission over allegations that the agency destroyed documents relating to preliminary inquiries…

BNA INSIGHTS: SEC and CFTC Joint Rulemakings under Dodd-Frank – A Regulatory Odd Couple?

By now it is a commonplace that the Dodd-Frank Wall Street Reform and Consumer Protection Act requires dozens of agency and interagency implementing rulemakings…

Disclosures by Hedge Fund Advisers Not Reviewed Properly, SEC Inspector General Concludes

No division or office at the agency regularly reviews the periodic reports submitted on a quarterly…

District Court Refuses to Approve $75 Million Settlement Between Citigroup, SEC

The U.S. District Court for the District of Columbia Aug. 16 declined to sign off on Citigroup Inc.’s (C) preliminary agreement to pay $75 million to settle Securities…

BNA INSIGHTS: The SEC’s Emergency Order Authority under Section 12(k)(2) of the Securities Exchange Act of 1934

United States and international financial markets are experiencing tumult not seen since the 1930s. Current gyrations in U.S. securities markets have focused attention on numerous regulatory issues, including…

SEC Cements Delegation of Authority for Enforcement Staff to Issue Subpoenas

The Securities and Exchange Commission Aug. 11 published a final rule preserving its delegation of authority to the director of the Division of the Enforcement to issue formal…

Senators Introduce Bill to Delete SEC Transparency Exemption in Dodd-Frank Law

Four senators Aug. 5 introduced a bipartisan bill to eliminate a provision under the recently enacted financial regulatory reform law that they believe allows…

BNA INSIGHTS: When the Other Shoe Falls: IRS Notice 2010-46 Restricts the Application of Notice 97-66 for Cross-Border Securities Loans

The Securities and Exchange Commission announced June 4 that within a week, its staff expects to present recommendations on a proposal by national securities exchanges and…

SEC to Act on Circuit Breaker Proposals; Rules Could Be in Place Within Two Weeks

The Securities and Exchange Commission announced June 4 that within a week, its staff expects to present recommendations on a proposal by…

Sweeping Senate-Passed Reform Bill Would Boost Oversight of Hedge Funds, Credit Rating Agencies

After nearly three weeks of debate on the floor, the Senate May 20 passed, by a vote of 59 to 39, an historic bill that would achieve the most expansive overhaul of securities regulation since…

Next Page »