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Showing 1 - 10 of 236 results for "Securities and Exchange Commission"

SEC slams proxy adviser 'oligopoly,' urges AI use

KARREN VERGARA  |  MONDAY, 12 JAN 2026
The Securities and Exchange Commission (SEC) has slammed the oligopolistic nature of the proxy adviser industry and floated the potential for artificial intelligence (AI) to upend their stronghold. Brian Daly, the director of the SEC's division of investment ...

The Big Short's Michael Burry shutters fund

KARREN VERGARA  |  FRIDAY, 14 NOV 2025
... in late October. Filings show that Scion Asset Management is no longer registered with the Securities and Exchange Commission. At the end of March, filings state that the fund had about US$155 million in assets under management. Burry was the portfolio ...

Trump signs order to open 401(k)s to private markets

JAMIE WILLIAMSON  |  FRIDAY, 8 AUG 2025
... Security Act of 1974 (ERISA) and other defined contribution offerings. It also directs the Securities and Exchange Commission to facilitate access by reviewing and revising regulations and guidance where necessary. A statement from the White House said ...

ASIC issues warning over BTG Technology

ELIZA BAVIN  |  MONDAY, 28 JUL 2025
... Canada's Alberta Securities Commission, France's Autorité des Marchés Financiers, Cyprus's Securities and Exchange Commission, Malaysia's Securities Commission, and Japan's Financial Services Agency.

ASIC cancels licence of Brite Advisors

ANDREW MCKEAN  |  MONDAY, 5 MAY 2025
... Hong Kong, all of which are now subject to regulatory action or insolvency. In the US, the Securities and Exchange Commission charged Brite Advisors USA with custody rule breaches and fiduciary failures for directing client assets into accounts controlled ...

New SEC chair affirmed, FCA chief reappointed

MATTHEW WAI  |  FRIDAY, 11 APR 2025
The US Senate has voted 52 to 44 for the appointment of the next chair of the Securities and Exchange Commission (SEC). Meanwhile, the UK's Financial Conduct Authority (FCA) has reappointed its chief executive. Patomak Global Partners chief executive ...

DWS fined $43m for greenwashing

JAMIE WILLIAMSON  |  THURSDAY, 3 APR 2025
... "unfounded" and said it "firmly rejects" them. At the same time, both regulators in Europe and the Securities and Exchange Commission (SEC) in the US turned their attention to DWS. The asset manager settled a case brought by the SEC in 2023, paying $39.8 ...

SEC drops civil enforcement case against Coinbase

ANDREW MCKEAN  |  MONDAY, 3 MAR 2025
The Securities and Exchange Commission (SEC) has filed a joint stipulation to dismiss its civil enforcement action against Coinbase Inc, and its parent company, Coinbase Global. The decision follows the formation of the SEC's Crypto Task Force in January ...

SEC names acting chair, establishes crypto taskforce

ELIZA BAVIN  |  WEDNESDAY, 22 JAN 2025
The Securities and Exchange Commission (SEC) announced that US President Donald Trump has appointed Mark Uyeda as acting chair of the agency. "I am honored to serve in this capacity after serving as a commissioner since 2022, and a member of the staff ...

Vanguard fined US$106m for investors' massive tax bill

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
The Securities and Exchange Commission (SEC) charged Vanguard US$106.4 million for "materially misleading" investors in the Investor Target Retirement Funds (Investor TRFs) about their future tax liabilities. The failings relate to Vanguard dropping ...
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