By Hester Peirce | 07/24/14 03:12 PM
The difficulty of Dodd-Frank implementation is not primarily the regulators' fault; the problem comes from Dodd-Frank's determination to rely on government regulation as a cure for government policy distortions. Instead, let's work on getting rid of the distortions that encourage people to behave...
By James R. Copland | 07/24/14 06:40 PM
On June 30, the Securities and Exchange Commission issued new rules clarifying the duties of proxy advisory firms that guide institutional investors voting their equity shares. Left unresolved by the SEC is an April rulemaking petition by business groups that asked the agency to reconsider its...
07/24/14 02:15 PM
WASHINGTON (AP) — Morgan Stanley has agreed to pay $275 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis. The Securities and Exchange Commission announced the settlement Thursday with the Wall Street bank. The...
07/23/14 07:30 PM
WASHINGTON (AP) — Standard & Poor's said Wednesday that regulators have told the rating agency they are considering taking civil enforcement action against it over ratings it gave to six deals in 2011 involving securities tied to commercial mortgages. S&P's parent McGraw Hill Financial Inc....
07/23/14 03:45 PM
WASHINGTON (AP) — Regulators have voted by a narrow margin to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors. The idea is to minimize the risk of a mass withdrawal from the funds...
By Joseph Lawler | 07/23/14 11:27 AM
An outgoing commissioner of the regulatory agency that oversees derivatives contracts will become the CEO of the International Swaps and Derivatives Association, a trade group for firms that engage in derivatives transactions, according to a statement from the ISDA Wednesday.
07/14/14 05:00 PM
WASHINGTON (AP) — Ernst & Young has agreed to pay $4 million to settle civil charges of compromising its independence by lobbying Congress on behalf of two companies whose books it audited. The Securities and Exchange Commission announced the settlement Monday with New York-based company, one...
07/08/14 09:00 AM
BATON ROUGE, La. (AP) — The Securities and Exchange Commission has wrapped up an investigation into Amedisys' participation in the federal Medicare program, and no enforcement actions will be recommended, the home health care and hospice services provider says. The Baton Rouge, Louisiana,...
By Mark Tapscott | 06/28/14 09:00 PM
A big majority of Americans believe the IRS scandal is serious and its investigation by Congress should continue until the full truth is known.
By James R. Copland | 06/27/14 03:07 PM
On June 23, the Supreme Court made a minor tweak to securities class action litigation rules but let stand a 26-year-old decision that undergirds the federal shareholder shakedown apparatus.
By Paul Bedard | 08/01/14
By Blake Seitz | 08/01/14
By Washington Examiner | 07/31/14
By Mark Tapscott | 08/01/14
By Byron York | 07/31/14