SEC Tells CEOs It’s Not Kidding

     WASHINGTON (CN) – The SEC says it’s serious this time. The Commission sent an open letter to CEOs of SEC-registered firms on Wednesday, reminding them that they have to follow the law.




     “There are approximately 11,300 investment advisers, 950 mutual fund complexes, 5,600 broker-dealers and 410 transfer agents registered with the SEC and subject to compliance obligations under the federal securities laws,” the SEC said in announcing its mass mailing.

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