Search results
Results from the WOW.Com Content Network
The SEC's complaint against Smith & Nephew PLC alleged that its subsidiaries used a distributor to create a slush fund to make illicit payments to public doctors employed by government hospitals or agencies in Greece. Smith & Nephew PLC and its U.S. subsidiary Smith & Nephew Inc. paid more than $22 million to settle the SEC's and DOJ's actions.
The SEC was created by the Securities Exchange Act of 1934 to enforce the Securities Act of 1933. [3] The SEC oversees several important organizations: for example, FINRA, a self-regulatory organization, is regulated by the SEC. FINRA promulgates rules that govern broker-dealers and certain
The Act was first promulgated in 1930, when it was entitled the Uniform Sales of Securities Act of 1930. [1] The 1930 Act met with limited success, enacted by only five jurisdictions. [2] In 1943, the NCCUSL dropped the Act from its list of Uniform Acts. [3] The Act was substantially revised in 1956, as the Uniform Securities Act of 1956. [4]
[5]: 160–1 This authorization follows up the SEC's failure to implement proposed point-of-sale disclosure rules in 2004 and 2005; [6] These proposed rules generated opposition because they were perceived as burdensome to broker-dealers. For example, they would require oral disclosures for telephone transactions, were not satisfied by cheap ...
For premium support please call: 800-290-4726 more ways to reach us
The Securities Investor Protection Corporation (SIPC / ˈ s ɪ p ɪ k /) is a federally mandated, non-profit, member-funded, United States government corporation created under the Securities Investor Protection Act (SIPA) of 1970 [3] that mandates membership of most US-registered broker-dealers.
Securities and Exchange Commission (SEC) Chair Gary Gensler -- nominated in February 2021 by President Joe Biden and sworn in by April -- didn't lose one minute to address a slew of issues and ...
This regulation generally provides that broker-dealers must … Continue reading → The post SEC Issues Risk Alert: Here's Why Your Broker Needs to Act in Your Best Interest appeared first on ...