SEC’s IG is at it Again
Apparently, despite the Inspector General change, the SEC continues to be beset by problems with its internal operations that its Inspector General has recently pointed out. The OIG has detailed in...
View ArticleIntriguing Thoughts on Regulatory Sovereignty
In a speech by SEC Commissioner Elisse B. Walter, the SEC, apparently, is indicating a significant shift in its view of cross-border cooperation. Over many years, the SEC has been viewed as the nearly...
View ArticleInvestment Advisers; A Reprieve For Now
One of the more anticipated and debated outgrowths of the Dodd-Frank Act was the designation of a self-regulatory organization responsible for investment advisers. Yet, it has recently been reported...
View ArticleIs the IM Division Changing with the Times? New RIAs Force Looksy With the...
The SEC’s Division of Investment Management has publicly stated that it will review the regulations relating to the Investment Advisers Act of 1940 given the large influx of new RIAs as a consequence...
View ArticleSEC RESTRUCTURING HAS LED TO MORE ENFORCEMENT
The SEC’s 2010 restructuring of its Enforcement Division has resulted in the agency taking on more complex cases with a new level of expertise. The SEC has hired specialists, including highly educated...
View ArticleTHE SEC IS REALLY WORKING ON DODD-FRANK
The SEC has been routinely criticized for not completing its administrative work under the Dodd-Frank Act. Despite this criticism, the SEC stated that it had only 4 remaining initiatives it must...
View ArticleMORE CASES FROM SEC BUT NOT A CHANGE IN PRIORITIES
Although the SEC is undergoing a period of transition with a new Chairman and co-heads of the Enforcement Division, the message is the same. That is, its day-to-day priorities remain the same, and it...
View ArticleWhat To Expect In 2014 From The SEC’s Enforcement Division
Now that 2014 is here, it is a good idea to understand what the Enforcement Division might focus on this year. In a recent article that appeared in the BNA, David Marder, a partner with Robins,...
View ArticleSEC COMMISSIONERS DEBATE ENFORCEMENT
Two Securities and Exchange Commissioners – the agency’s two newest members – offered contrasting views of the commission’s use of its enforcement powers....
View ArticleChanges in SEC Enforcement Function
Adjustments to the SEC’s enforcement function is enabling it to be more aggressive with individuals and corporations when pursuing allegedly violative behavior. The SEC’s ongoing push to strengthen...
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SEC Chair to Step Down: Path Cleared for Deregulation
The latest post-election domino has fallen. Mary Jo White, the chair of the Securities and Exchange Commission, will step down at the end of the Obama administration. White announced her departure on...
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More Departures Announced by Top SEC Officials
Following up on our earlier report that Mary Jo White, the chair of the Securities and Exchange Commission, will step down at the end of the Obama administration, news of other departures within the...
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SEC Chair White Refuses To Delay New Rules
According to Fortune, outgoing Securities and Exchange Commission Chair Mary Jo White is refusing to delay adoption of new rules and regulations. Senate Republicans–in particular the Senate Banking...
View ArticleA Big “Uh-Oh” for the SEC’s ALJs and Administrative Courts
Today, the United States Supreme Court sent shock waves through the securities industry as well as the United States Securities and Exchange Commission’s (“SEC”) enforcement program when it held that...
View ArticleErnie Badway Quoted in FundFire
Ernie Badway was quoted in FundFire regarding a recent lawsuit brought against the SEC concerning a FOIA request. https://www.fundfire.com/c/2532863/301753. The FOIA request had sought emails from...
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