Mary Shapiro
Record number of SEC enforcement actions against advisorsPosted by RJ and Makay on Nov 11, 2011 |
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The Securities and Exchange Commission (SEC) announced Wednesday that it had filed 146 enforcement actions against investment advisors and investment companies during the 2011 fiscal year, which ended September 30. The record number of actions represents a 30% increase from the previous fiscal year, and a jump of nearly 200% since 2002.
SEC proposal discourages risky behavior on Wall StreetPosted by RJ and Makay on Mar 03, 2011 |
A rule proposed by the Securities and Exchange Commission (SEC) on Wednesday is central to the ongoing battle against excessive risk-taking on Wall Street. Under the rule, large investment advisors and broker-dealers would have to end compensation programs that promote excessive risk-taking.
The SEC voted 3 to 2 to release an initial draft of the rule, which would require advisory firms and broker-dealers with more than $1 billion in assets to disclose their incentive-based pay programs. If the rule is adopted, it would enable regulators to prohibit compensation that “encourages inappropriate risks” or could lead to substantial financial losses by offering “excessive compensation,” the SEC says.
“If you don't know where you are going, any road will get you there.”
Lewis Carroll (English Logician, Mathematician, Photographer and Novelist, especially remembered for Alice's Adventures in Wonderland. 1832-1898)
