GO
Loading...

SEC

More

  • NEW YORK, Sept 29- U.S. securities regulators can move forward with a lawsuit accusing two Dubai residents of making $3.7 million through insider trading in Onyx Pharmaceuticals Inc and another biotechnology company, a Manhattan federal judge ruled on Monday.

  • Bank of America paying $7.65M to resolve inquiry Monday, 29 Sep 2014 | 2:22 PM ET

    NEW YORK— The Securities and Exchange Commission says Bank of America will pay $7.65 million to settle allegations that it overstated how much capital it had on its books. Bank of America Corp. said in April that it had made an error in how it how it valued securities obtained in its acquisition of Merrill Lynch during the financial crisis in 2009..

  • Bill Gross, who built Pimco into a $2 trillion asset manager and became one of the world's best-known bond investors, quit the firm he co-founded on Friday after his flagship fund suffered its 16th straight month of outflows and amid a Securities and Exchange Commission probe into whether one of his funds artificially inflated returns.

  • SEC alleges $129M pyramid scheme in China, US Friday, 26 Sep 2014 | 2:42 PM ET

    The Securities and Exchange Commission announced the civil fraud charges Friday against eAdGear Holdings Limited, based in Hong Kong; California- based eAdGear Inc.; and Charles Wang, Qian Cathy Zhang and Francis Yuen.

  • Bill Gross, who built Pimco into a $2 trillion asset manager and became one of the world's best-known bond investors, quit the firm he co-founded on Friday after his flagship fund suffered its 16th straight month of outflows and amid a Securities and Exchange Commission probe into whether one of his funds artificially inflated returns.

  • NEW YORK, Sept 25- Texas tycoon Sam Wyly and his late brother Charles' estate must pay hundreds of millions of dollars to the U.S. Securities and Exchange Commission for a fraudulent offshore scheme, a U.S. judge said on Thursday, one of the largest awards ever imposed on individual defendants.

  • NEW YORK, Sept 25- Texas tycoon Sam Wyly and his late brother Charles' estate must pay $187.7 million to the U.S. Securities and Exchange Commission for a fraudulent offshore scheme, a U.S. judge said on Thursday.

  • Private equity-backed Vantage Energy postpones IPO Wednesday, 24 Sep 2014 | 9:04 PM ET

    Vantage was expecting the offering of 23.6 million shares to be priced between $24 to $27 per share, valuing the company at up to $1.95 billion, according to a filing with the U.S. Securities and Exchange Commission earlier this month.

  • Babak "Bobby" Yazdani, who founded Saba in 1997 and resigned as chief executive in March 2013, was not charged with misconduct over the scheme, which involved falsified time-sheets by consultants at an Indian subsidiary, the SEC said.

  • Sept 23- The U.S. Securities and Exchange Commission is probing whether Pacific Management Company artificially inflated returns on its Pimco Total Return ETF, the Wall Street Journal reported citing people familiar with the matter. The SEC is inquiring whether Pimco provided investors with wrong information about the fund's performance, the report said.

  • SEC alleges insider trading in coal acquisition Tuesday, 23 Sep 2014 | 11:28 AM ET

    CHARLESTON, W.Va.— Federal regulators claim that three men used insider information to profit illegally from Arch Coal's acquisition of International Coal Group. Frank Tamayo schemed with two other men to generate more than $5.6 million in profits from 13 mergers and acquisitions, the U.S. Securities and Exchange Commission says in a lawsuit.

  • SEC giving $30M, biggest whistleblower award yet Monday, 22 Sep 2014 | 6:14 PM ET

    WASHINGTON— The Securities and Exchange Commission is giving its biggest award yet, about $30 million, to a whistleblower who provided key information that led to an enforcement action in a fraud case.

  • The SEC won new powers in the 2010 Dodd-Frank Wall Street reform law to entice whistleblowers with monetary awards. The new program lets the SEC pay a whistleblower who provides tips and original information that leads to an enforcement action with sanctions that exceed $1 million.

  • The SEC won new powers in the 2010 Dodd-Frank Wall Street reform law to entice whistleblowers with monetary awards. Prior to the new law, the SEC was only able to reward people for helping on insider-trading cases.

  • Sept 19- A U.S. federal judge in Texas ordered Bitcoin Savings and Trust and its owner to pay a combined $40.7 million after the Securities and Exchange Commission established that the company, which sold investments using the virtual currency, was a Ponzi scheme.

  • Sept 19- For-profit college operator ITT Educational Services Inc disclosed on Friday that it may face civil charges by the U.S. securities regulator following investigations related to two private education loan programs for its students.

  • SEC may take enforcement action against ITT Friday, 19 Sep 2014 | 10:30 AM ET

    NEW YORK— Shares of ITT Educational Services Inc. shed a third of their value after it said the Securities and Exchange Commission may take enforcement action against for-profit education company over its student loans.

  • Sept 19- For-profit college operator ITT Educational Services Inc disclosed on Friday that it may face civil charges by the U.S. securities regulator following investigations related to two private education loan programs for its students.

  • Sept 18- U.S. regulators are investigating a Goldman Sachs Group Inc internship for the brother of a former official at Libya's sovereign wealth fund and perks allegedly offered by the bank to the fund, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

  • Oxfam America also sued the SEC over delays on the rule in 2012.. A few months later, the SEC adopted a final rule. They also said the SEC misinterpreted the law by forcing the public disclosure of detailed payments to governments- a provision that they said could harm companies because such disclosures are illegal in certain countries, such as China and Angola.