SEC

Mary Schapiro leaving SEC

Mary Schapiro is stepping down as chairman of the Securities and Exchange Commission, effective December 14, 2012.

By Wire services |November 26, 2012

1 min read

SEC sanctions 2 advisory firms

The Securities and Exchange Commission has sanctioned two investment advisory firms for impeding examinations conducted by SEC staff. An SEC investigation found Evens Barthelemy and his New York-based firm Barthelemy Group LLC misled SEC examiners by inflating the firm’s claimed assets under management (AUM) ten-fold in an apparent attempt to show the firm was eligible […]

By Staff |November 22, 2012

2 min read

SEC charges fake advisor with fraud

The SEC has charged an alleged investment adviser in New York for defrauding investors by convincing them to invest in his start-up businesses.

By Staff |November 22, 2012

2 min read

SEC raps ratings agencies

The Securities & Exchange Commission’s second annual report castigates nine registered credit rating agencies, including Standard & Poor’s, Moody’s and Fitch, for irregularities in ratings decisions and undisclosed conflicts of interest. To prevent insider dealing, each of the rating agencies was asked to keep forthcoming rating changes under wraps until formal announcement, says an FT […]

By Staff |November 16, 2012

1 min read