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SEC mulling new rules for investment funds

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Federal regulators on Thursday proposed requiring most investment advisers to submit to surprise exams by outside auditors, a move ...

New York Times Lulls Public into False Sense of Derivatives Security

Michael B. Laskoff | Posted 05.25.2011 | Business
Michael B. Laskoff

Let's think of derivatives like plutonium and the financial system as a nuclear power plant. By all means, use the fuel but never, ever forget its awe-inspiring capacity to wreak destruction.

SEC Attorneys Accused Of Insider Trading

CBS News | Posted 05.25.2011 | Business

CBS News has learned that two attorneys at the Securities and Exchange Commission (SEC) are under "active" criminal investigation by the FBI for tradi...

Should the SEC Tweet?

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

FINRA and the SEC are compounding a problem -- they're regulating unevenly. The result is that bad guys have a place to hide -- or to reinvent themselves.

SEC Recommends Fraud Charges Against Countrywide's Mozilo

Business Insider | Joe Weisenthal | Posted 05.25.2011 | Business

The man who was once lauded as the greatest friend to the homeowner for happily extending credit to anyone with a pulse is looking at possible civil f...

SEC Disfunction: Why The Agency Is Broken

TPMMuckraker | Moe Tkacik | Posted 05.25.2011 | Business

The agency got more tips from FINRA -- the financial industry's self-regulator -- than it had the resources to pursue, it lost 11.5% of its lawyers si...

SEC Chief Wants Power To Regulate Hedge Funds

Bloomberg | Jesse Westbrook | Posted 05.25.2011 | Business

The U.S. Securities and Exchange Commission should be given authority to regulate what hedge funds can buy and how much money they can borrow to maxim...

Credit Rating Agency Scandals Ignored by US

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

Credit rating agencies contributed to the current economic collapse. They were paid fees by banks who sometimes pressured or shopped around for the most favorable risk assessments, an obvious conflict of interest.

SEC's Pay-to-Play Rules To Be Revisted, Schapiro Says

Bloomberg | Jesse Westbrook | Posted 05.25.2011 | Business

April 21 (Bloomberg) -- The U.S. Securities and Exchange Commission is considering rules to restrict money managers from paying to win state business ...

SEC Suing Church: Bought Cars, Jewels Clothes With Parishioners Money | ELIZABETH BANICKI  | Posted 05.25.2011 | Business

(CN) - Seven leaders of a church in Queens, N.Y., defrauded elderly parishioners of more than $12 million by encouraging them to invest in hedge funds...

SEC Chief: Tighter Oversight Of Rating Firms Needed

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — The head of the Securities and Exchange Commission said Wednesday the agency must do more to tighten oversight of Wall Street's cre...

Hank Paulson, The Unnamed "Decider" In The Merrill Lynch Saga

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

Why would Merrill's senior management, with BofA's acknowledgment, base their internal year-end projections on the assumption that securities prices would recover so sharply?

S.E.C. Proposes New Curbs On Short-Selling

New York Times | ZACHERY KOUWE | Posted 05.25.2011 | Business

Seeking to restore investor confidence in the markets, securities regulators made several proposals on Wednesday that would restrict investors from be...

SEC: Short-Selling Rules May Be In The Works | Posted 05.25.2011 | Business

April 3 (Bloomberg) -- The U.S. Securities and Exchange Commission is considering dictating when traders can bet that stocks will fall, after lawmaker...

Reel in the Credit-Rating Agencies

Eric C. Anderson | Posted 05.25.2011 | Business
Eric C. Anderson

Geithner and the SEC must take direct aim at the root cause of our ailments. That means fixing the credit-rating agency problem now.

Regulators Worldwide Look At Bankers' Pay

New York Times | LANDON THOMAS Jr. | Posted 05.25.2011 | Business

LONDON -- Some of the world's most powerful central bankers and financial regulators are proposing that the Securities and Exchange Commission and its...

What Did Geithner Know and When Did He Know It?

Cenk Uygur | Posted 05.25.2011 | Politics
Cenk Uygur

Geithner got into this trouble because he saw Wall Street as his main constituency rather than the American people.

How to Stop AIG's Bonuses

Bill Black, Tom Ferguson, Rob Johnson, Walker Todd | Posted 05.25.2011 | Business
Bill Black, Tom Ferguson, Rob Johnson, Walker Todd

Today the task is to stop a grotesque abuse before it is too late. The path we outline here would do it, without throwing markets into turmoil.

MSU Wins SEC Tournament In Upset Over Tennessee

AP | FRED GOODALL | Posted 05.25.2011 | Home

TAMPA, Fla. — When Mississippi State finished its surprising run through the Southeastern Conference tournament, Twany Beckham grabbed an SEC si...

Stop the Madoff Guilty Plea!

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

Once again, Bernie Madoff is about to steal something of importance from us -- the right to a really juicy, lengthy, painful and entertaining trial that drags him and his family through the muck.

SEC: Uptick Rule May Be Reinstated

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Dramatic changes in the global economy may merit restoring a federal rule aimed at preventing a massive plunge in a stock price cau...

Concern for Ponzi Ponies

Vicky Ward | Posted 05.25.2011 | Business
Vicky Ward

For all those worried about the hundred or so valuable show ponies stabled in North Salem by alleged fraudster Paul Greenwood and his wife Robin, here's an update.

Barney Frank: Uptick Rule Could Be Back Within A Month

Reuters | Posted 05.25.2011 | Business

WASHINGTON, March 10 (Reuters) - The head of the U.S. House Financial Services Committee said on Tuesday the Securities and Exchange Commission would ...

Securities Firms Cheated Customers, Settle With SEC

New York Times | DIANA B. HENRIQUES | Posted 05.25.2011 | Business

More than a dozen Wall Street trading firms systematically cheated their customers of millions of dollars by improperly slicing bits of profit from co...

SEC Imposters On The Rise, Gov Warns

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

The Securities and Exchange Commission issued a warning this week for investors to be cautious of people representing themselves as agency officials. ...