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  • Securities and Exchange Commission Administrative Law Judge Jason Patil delivered the warning to SEC lawyers after hearing arguments in a civil proceeding against Joseph Ruggieri. Ruggieri, who traded healthcare stocks for Wells Fargo, is accused by the SEC of unlawfully trading on tips about imminent upgrades and downgrades in the ratings of various...

  • In a hearing before a Securities and Exchange Commission administrative law judge, an attorney for the Securities Industry and Financial Markets Association tried to undercut testimony from an employee at Intercontinental Exchange's NYSE Arca. At the heart of the case is a fundamental question about whether competition between NYSE and Nasdaq OMX is...

  • The U.S. Securities and Exchange Commission said Monday that BlackRock Advisors LLC breached its fiduciary duties to clients by failing to disclose that Daniel Rice, who oversaw some energy funds and separate accounts, was running a family-owned oil and natural gas company that ultimately became the largest holding of a fund he ran for BlackRock.

  • April 20- BlackRock Inc, one of the world's largest asset managers, agreed to pay $12 million to resolve U.S. Securities and Exchange Commission charges that a unit failed to disclose a conflict of interest created by the outside business activity of a top portfolio manager. The SEC on Monday said BlackRock Advisors LLC breached its fiduciary duties to clients...

  • WILLISTON, N.D., April 17- Calpers, the largest American public pension fund, and nearly 60 other institutional investors will ask the U.S. Securities and Exchange Commission on Friday to require oil and natural gas companies to publish detailed analysis of the risks posed by climate change to their business models. Calpers and other investors will tell the SEC...

  • Shares of high-speed trading company Virtu rise in debut Thursday, 16 Apr 2015 | 12:27 PM ET

    NEW YORK— Shares of high-speed trading company Virtu Financial Inc. have risen 17 percent in their stock market debut Thursday. High-speed trading has been under scrutiny by the Securities and Exchange Commission, the Commodity Futures Trading Commission and other agencies. They rose $3.33 to $22.33 in midday trading Thursday and crossed $23 in earlier...

  • District Judge Richard Berman in Manhattan said Barbara Duka did not deserve a preliminary injunction because she was unlikely to succeed on the merits of her argument that SEC administrative proceedings are unconstitutional. The 2010 Dodd-Frank financial reforms gave the SEC the power to pursue more enforcement cases in-house, rather than in federal...

  • NEW YORK, April 15- A federal judge on Wednesday refused to stop the U.S. Securities and Exchange Commission from pursuing a case against a former Standard& Poor's executive over her role in an alleged fraud involving ratings for commercial mortgage-backed securities. District Judge Richard Berman in Manhattan said Barbara Duka was not entitled to a...

  • WASHINGTON— A former CEO and two former top executives at mortgage giant Freddie Mac have settled a government lawsuit. The Securities and Exchange Commission announced the settlement late Tuesday with former Freddie CEO Richard Syron; Patricia Cook, an executive vice president and chief business officer; and Donald Bisenius, a senior vice president.

  • NEW YORK, April 14- Former Freddie Mac Chief Executive Officer Richard Syron and two other executives have agreed to settle a lawsuit by the U.S. Securities and Exchange Commission accusing them of misleading investors ahead of the 2008 financial crisis. Like other regulators, the SEC has been criticized for not holding enough top executives liable for...

  • Ex-Freddie Mac executives settle SEC fraud lawsuit Tuesday, 14 Apr 2015 | 1:30 PM ET

    NEW YORK, April 14- Former Freddie Mac Chief Executive Officer Richard Syron and two other one-time executives have reached a settlement in a lawsuit by the U.S. Securities and Exchange Commission accusing them of misleading investors about the company's exposure to risky mortgage loans. The settlement, disclosed in court papers filed in Manhattan federal...

  • Trian complains about executive pay at DuPont Monday, 13 Apr 2015 | 3:05 PM ET

    NEW YORK, April 13- Trian Fund Management, fighting for seats on the board at chemicals and agricultural conglomerate giant DuPont, said top company executives were still well paid last year even though the board acknowledged that the operating performance was poor. The hedge fund said in a presentation filed with the Securities and Exchange Commission on...

  • Mutual funds good for banks, but not so good for you Monday, 13 Apr 2015 | 9:24 AM ET
    People pass a sign for JPMorgan Chase & Co. at it's headquarters in Manhattan.

    History has not shown Wall Street banks to be particularly good at managing mutual funds, reports the New York Times.

  • 'Diva of distress' vs. SEC: Does she have a case? Saturday, 11 Apr 2015 | 12:03 PM ET
    Lynn Tilton, CEO of Patriach Partners.

    Lynn Tilton may be trying to tear up the playbook of American securities regulation. A number of legal eagles say she might have a point.

  • Mattel: CEO was terminated Friday, 10 Apr 2015 | 12:35 PM ET

    NEW YORK— Mattel Inc. said in a regulatory filing that it terminated former CEO Bryan Stockton, which starkly differs from a statement made earlier this year, when the toy maker said he had resigned. Mattel said in the filing with the Securities and Exchange Commission that it "had terminated the executive without cause" and was receiving benefits and payments...

  • NEW YORK, April 9- BATS Global Markets is proposing to close its doors to thinly traded stocks in an unusual move that aims to increase trading volume in the shares of perhaps 500 to 600 micro- and small-cap companies. Chief Executive Chris Concannon said Thursday that BATS planned to file a letter with the Securities and Exchange Commission this month that would...

  • Johnson has made her investments through Impresa Management LLC, whose key shareholders include trusts for her and two siblings, Edward C. Johnson IV and Elizabeth Johnson, according to recent disclosures with the U.S. Securities and Exchange Commission. One of its biggest holdings at the end of last year was a $353 million stake in Chinese Internet commerce...

  • FLIR Systems to settle U.S. SEC bribery charges Wednesday, 8 Apr 2015 | 11:17 AM ET

    WASHINGTON, April 8- Defense contractor FLIR Systems Inc will pay $9.5 million to settle civil charges that it violated federal bribery laws by financing a "world tour" of personal travel for government officials in the Middle East, U.S. regulators said Wednesday. The Securities and Exchange Commission said that the Oregon- based company self-reported the...

  • SEC says ex-NY Giants player ran $31M Ponzi scheme Tuesday, 7 Apr 2015 | 3:33 PM ET
    New York Giants’ cornerback Will Allen defends during a game against the Cleveland Browns in East Rutherford, N.J., Sept. 26, 2004.

    The SEC announced fraud charges against former NFL player Will Allen and a business partner, accusing them of operating a $31 million Ponzi scheme.

  • April 6- BlackRock Inc, the world's largest money manager, will close or consolidate some money-market funds as the company responds to recent regulatory reforms, the Wall Street Journal reported. BlackRock is considering changing its fund lineup to comply with rules adopted by the U.S. Securities and Exchange Commission in July, the company said in a letter to...