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Supreme Court to Hear Fidelity Whistleblower Case
May 20, 2013
The Supreme Court agreed to consider whether the Sarbanes-Oxley Act whistleblower protections apply to private advisers that provide services to mutual funds. The case involves two former Fidelity employees who reported possible security law violations, including the alleged improper retention of $10 million in fees. … read more
Chairman Mary Jo White Testifies on the Hill
May 17, 2013
SEC Chairman Mary Jo White testified in front of the House Financial Services Committee yesterday. In her testimony, the Chairman provided a summary of the agency’s current activities. With respect to the Division of Investment Management, she mentioned the staff’s current work on updating valuation… read more
SEC Cost-Benefit Analysis Bill to be Considered by House
May 14, 2013
The House of Representatives is expected to vote soon on legislation that would impose additional requirements on the SEC’s cost-benefit analysis process. The "SEC Regulatory Accountability Act" mandates that the SEC Office of the Chief Economist participate in any cost-benefit analysis and would require the… read more
Karparti to Leave SEC to Become Prudential CCO
May 09, 2013
Bruce Karparti is leaving his post as chief of the SEC Enforcement Division’s Asset Management Unit to become CCO for Prudential Investments. Mr. Karpati has served at the helm of the Asset Management Unit since its inception in January 2010, overseeing a staff… read more
SEC Chair Testifies Before Congress
May 08, 2013
SEC Chairman Mary Jo White testified for the first time in front of Congress yesterday. In her testimony to the Senate Appropriations Committee, Chairman White asked Congress for a larger SEC budget, citing increased demands on the agency, including writing Dodd-Frank rules and new… read more