SEC

SEC gives advisors mixed grades for due diligence Fallback Image Decorative pattern

Industry

SEC gives advisors mixed grades for due diligence

The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) today issued a risk alert on the due diligence processes that investment advisors use when they recommend or place clients’ assets in alternative investments such as hedge funds, private equity funds, or funds of private funds.

By Staff |January 29, 2014

2 min read

SEC clips credit rating references Fallback Image Decorative pattern

Industry

SEC clips credit rating references

The Securities and Exchange Commission has announced that it has adopted amendments to eliminate references in certain of its rules and forms to credit ratings by nationally recognized statistical rating organizations (NRSROs).

By Staff |December 27, 2013

2 min read

SROs want better market infrastructure Fallback Image Decorative pattern

Industry

SROs want better market infrastructure

U.S. self-regulatory organizations (SROs) for the equities and options markets, including FINRA, have been working with the Securities and Exchange Commission (SEC) staff on their collective plans to strengthen the resilience, performance, disaster recovery capability and governance of the critical infrastructure of the U.S. capital markets, including the Securities Information Processors (UTP, CTA and OPRA).

By Staff |November 12, 2013

2 min read

SEC charges RBS subsidiary with misleading investors Fallback Image Decorative pattern

Industry

SEC charges RBS subsidiary with misleading investors

The Securities and Exchange Commission today charged RBS Securities Inc., a subsidiary of the Royal Bank of Scotland plc, with misleading investors in a 2007 subprime residential mortgage-backed security (RMBS) offering.

By Staff |November 7, 2013

2 min read