SEC Regulation

SEC
SEC Regulation

EY Pays $100 Million SEC Fine Over CPA Ethics Exam Cheaters

(Bloomberg) — Ernst & Young LLP admitted that dozens of its audit personnel cheated on the ethics portion of the Certified Public Accountant exam and that the firm misled US regulators probing the misconduct, according to the Securities and Exchange Commission. The SEC announced on Tuesday that EY would pay a $100 million fine — […]

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SEC
SEC Regulation

SEC Weighs Sending Retail Stock Orders to Auctions for Execution

(Bloomberg) — The US Securities and Exchange Commission is weighing changes to stock-market rules that could force trading firms to directly compete to execute trades from retail investors, according to people familiar with the matter. A move by the SEC to press major wholesale brokerages to win auctions for orders by mom-and-pop investors would be […]

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Hedge Funds
SEC Regulation

Archegos Cited in U.S. Watchdogs’ Warning About Hedge Fund Risks

(Bloomberg) — Hedge funds are getting fresh scrutiny from President Joe Biden’s regulators as a potential weak spot in the financial system, and the watchdogs are using last year’s collapse of the Archegos Capital Management family office as an example of what can go wrong. The Financial Stability Oversight Council — a panel of top […]

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