The Securities and Exchange Commission (SEC) just adopted new rules to their oversight of money market funds — revisions that include increasing credit quality, improving liquidity, shortening maturity limits, and requiring the disclosure of a fund’s actual “mark-to-market” net asset value, known as a “shadow NAV,” on a delayed basis.
This SEC action grows out of [...]
The Financial Industry Regulatory Authority (FINRA) has been given the go ahead from the SEC to make it’s BrokerCheck service records of final regulatory actions against brokers permanently available to the public.
Previously, a broker’s record generally becomes unavailable to the public two years after he or she leaves the securities industry and is therefore no [...]
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The SEC Follies
The Securities and Exchange Commission posted the following press release today – SEC Files Insider Trading Charges Against Mark Cuban. According to excerpt of this notice:
The Securities and Exchange Commission today charged Dallas entrepreneur Mark Cuban with insider trading for selling 600,000 shares of the stock of an Internet search engine company on the basis [...]