|  | | 2005 News and Press Releases | | |
HEADLINE NEWS:
SEC Gives Itself High Marks For Enforcement
Staff Writer – Investment Management Weekly
Securities Mosaic. November 28, 2005
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EXCERPT: The Securities and Exchange Commission has issued the "SEC 2005 Performance and Accountability Report," which is a synopsis of the organization's major accomplishments during this year and the challenges it faces in the future. Noted accomplishments were in the areas of enforcement, the promotion of informed investor decision-making, the strengthening of market structure, governance, the oversight of broker/dealers, improved operational effectiveness and the adoption of new information technologies. It is no surprise that the report underlines the fact that this is the year that the SEC adopted the rule requiring many, if not most, hedge fund managers to register as investment advisors. In addition, the report highlights that the organization has concentrated on reforming mutual funds due to the heightened late-trading and market-timing scandal. |
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