NEWS & GUIDANCE
Last week, a divided SEC Commission voted 3-2 to approve a final rule requiring entities that securitize mortgages and other debts as collateralized loan obligations (CLOs) to retain at least 5% of the assets’ credit risks. This was another Dodd-Frank mandate growing out of the financial crisis.   T...
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Two exceptions to FINRA rules against brokers sharing compensation with non-registered persons have been proposed by the SRO. The first would allow members to pay referral fees to foreign brokers who act as “finders” for registered reps. The second would allow them to pay commissions to account exec...
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David Kotz understands a thing or two about fraudsters. As the SEC’s inspector general, he investigated the agency’s behavior in the years leading up to the Madoff and Stanford Ponzi schemes (IA Watch, Sept. 26, 2011). Now, he’s literally written the book on how to avoid being taken.   Kotz’s new 12...
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Full text of the Securities Acts, final and proposed rules, enforcement actions and regulatory releases.