The Widening Reach Of Securities Regulators

Law360, New York (March 17, 2009, 12:00 AM EDT) -- Over the past few months, U.S. securities regulators have shown an increased readiness to regulate and investigate matters involving non-securities activities of broker-dealers.

For example, in December 2008, the U.S. Securities and Exchange Commission (SEC) settled an administrative proceeding against a derivatives trader concerning natural gas options trading.[1]

Although the alleged conduct did not involve securities products, the SEC brought and settled the action for violations of the antifraud and recordkeeping provisions of the securities laws, among other violations.

More recently, on Jan. 21, 2009, the...
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