SEC to Delay Date for Banks to Set Up Broker-Dealer Units
- Banks: SEC broker-dealer plan unnecessary, unfair. Hensley, Scott // American Banker;6/5/1996, Vol. 161 Issue 107, p10
Reports on bankers' criticism of rules proposed by the US Securities and Exchange Commission governing sales practices at their retail brokerages. Bankers' petition for the agency to withdraw the bank broker-dealer rules on grounds that they were unnecessary and discriminatory; Restrictions on...
- Bank funds seen facing more SEC scrutiny. Cope, Debra // American Banker;9/29/1993, Vol. 158 Issue 187, p18
Reveals that banks can expect more scrutiny from the Securities and Exchange Commission as they become involved in the mutual fund business. Comment from Marianne K. Smith, partner with the law firm Wilmer Cultler and Pickering.
- Critics: SEC Overstepped Its Bounds With Banking Rules. Hume, Lynn // Bond Buyer;8/3/2001, Vol. 337 Issue 31195, p4
Reports on the United States Securities and Exchange Commission's issuance of rules that would force banks to push out traditional bank activities. Effects of the rules on corporate trust activities involving municipal bonds.
- Regulatory conflicts seen better for banking than a superagency. Seiberg, Jaret // American Banker;11/30/1998, Vol. 163 Issue 227, p2
Focuses on the regulatory conflicts between banking regulators and the United States Securities and Exchange Commission over loan-loss reserves. Bankers' argument that securities regulators have no business interfering in a safety-and-soundness issue; Overview on the imposition of conflicting...
- SEC Muni Office to Look at The Disclosure Repositories. Hume, Lynn // Bond Buyer;01/18/2001, Vol. 335 Issue 31059, p1
Reports on the plan of the United States Securities and Exchange Commission's Office of Municipal Securities (OMS) to launch its own review of the municipal disclosure repository system. Efforts of the OMS to get a first-hand look at what the problems are and how they might be solved;...
- Fuzzy Rules Apply to Brokers' Analysis. Retkwa, Rosalyn // On Wall Street;Jul2002, Vol. 12 Issue 7, p22
Focuses on rules passed by the U.S. Securities and Exchange Commission (SEC) governing brokers. Exceptions to the rule; Information on a comment letter from Robert C. Mendelson, a partner at Morgan Lewis, New York City, regarding the rules of the SEC; Discussion on a need for clarifications...
- Headless SEC Makes Suggestions. // SCOR Report;Jun2001, Vol. 8 Issue 7, p1
Focuses on the suggestions made by representatives of the United States Securities and Exchange Commission which included a definition for qualified purchaser and replacing disqualification under Rule 262 with disclosure of previous misbehavior. Reason for the proposed abandoning of the...
- Untangling disclosure legalese. // Consumers' Research Magazine;Jan1995, Vol. 78 Issue 1, p7
Reports on the plan of the United States Security and Exchange Commission (SEC) to include a `profile prospectus' summary in the standard prospectus required from securities firms. Impracticality of legislating the inclusion of prospectus summaries.
- Section 16: SEC changes the rules. Gabele, Bob; Wright, John // Corporate Board;May/Jun91, Vol. 12 Issue 68, p9
Discusses the changes in the US Securities and Exchange Commission's Section 16 provisions for insider financial reporting. Implementation of stiff fines and corporate embarrassment; Reporting process revisions; Expanded securities coverage. INSET: Section 16's greatest hits..