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  • In a complaint filed in Manhattan federal court, Jordan Peixoto said the SEC "intentionally and strategically" singled him out by pursuing an administrative proceeding to force a settlement, rather than sue him in federal court. In a Sept. 30 complaint, the SEC alleged that Peixoto made $47,100 in December 2012 by trading illegally in Herbalife put options, after...

  • NEW YORK, Oct 20- A Toronto man accused by the U.S. Securities and Exchange Commission of insider trading related to Herbalife Ltd on Monday sued the federal regulator agency to stop it from pursuing its case. In a complaint filed in Manhattan federal court, Jordan Peixoto said the SEC's administrative proceeding against him deprives him of protections he would...

  • Goldman Sachs in talks to buy ETF provider: Sources Thursday, 16 Oct 2014 | 11:37 PM ET

    Goldman Sachs is in discussions to acquire IndexIQ, an exchange-traded fund provider, according to three sources familiar with the situation.

  • Oct 16- Goldman Sachs Group is in discussions to acquire IndexIQ, a Rye Brook, New York- based exchange-traded fund provider, according to three sources familiar with the situation. In September, Goldman sought permission from the U.S. Securities and Exchange Commission to introduce a series of actively managed ETFs 1/ 8 ID: nL2N0RN1N7 3/ 4. However, if Goldman were...

  • Firm paying $1M in SEC case on high-speed trading Thursday, 16 Oct 2014 | 2:35 PM ET

    The Securities and Exchange Commission also censured Athena Capital Research, which it said used a trading algorithm code-named "Gravy" to manipulate the closing prices of thousands of stocks on the Nasdaq market. Athena placed a large number of rapid trades in the final two seconds of nearly every trading day over six months, the SEC said Thursday.

  • The Securities and Exchange Commission said New York City- based Athena Capital Research has agreed to pay a $1 million penalty to settle the charges without admitting or denying them. The SEC said that the firm's algorithm, which was code-named "Gravy," was programmed to place a large number of aggressive trades in the final two seconds of nearly every trading...

  • The agency's approval, published in the Federal Register on Wednesday, ends years of controversy about the proposal, which was sparked by multibillion-dollar Ponzi schemes orchestrated by Bernard Madoff and R. Allen Stanford. Wall Street's industry-funded watchdog, the Financial Industry Regulatory Authority, had been pushing to put the so-called "...

  • WASHINGTON, Oct 15- The U.S. The Fed said it will meet on Oct. 22 to adopt the final version of the credit risk retention rule, a requirement of the 2010 Dodd-Frank law to reform Wall Street. The rule must also be adopted by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the Department of...

  • The SEC said Judy Wolf, then at Wells Fargo Advisors LLC, in 2010 closed an internal review of a Brazil- based broker's trading with no findings. The SEC said its staff spotted the alteration after Wells Fargo provided the document as part of the commission's investigation. "Regardless of her motivation, her conduct was inconsistent with what the SEC expects of...

  • The decision is being closely watched because of the size of the settlement, as well as the significance of a ruling by the SEC on whether victims can indeed be identified in insider trading cases. The SEC was set to decide this week whether it would recommend distributing the settlement money, but instead asked for more time to review material it had received...

  • KiOR fights ex-director as debt nears due date Wednesday, 8 Oct 2014 | 5:46 PM ET

    JACKSON, Miss.— A former director of biofuel maker KiOR says he tried to warn other board members about problems with KiOR's technology to turn wood chips into an oil substitute, claims that could damage the company's defense in shareholder lawsuits and a Securities and Exchange Commission investigation. KiOR denies Paul O'Connor's claims, saying he was asked...

  • For whistleblowers, SEC money's not enough Wednesday, 8 Oct 2014 | 10:23 AM ET
    Eric Schneiderman, attorney general of New York, speaks at New York Law School in New York, on Tuesday, March 18, 2014.

    When it comes to turning in bad guys in banking, it's not all about the money.

  • The SEC has been seeking an injunction, civil penalties and disgorgement of misappropriated funds, the ruling said. John Nester, a spokesman for the SEC, said on Tuesday the agency was "pleased with the decision." In its lawsuit, the SEC said Fujinaga and MRI International promised to buy accounts receivable from U.S. medical providers at a discount, try to recover...

  • Why are sell-side stock market analysts so wrong? Tuesday, 7 Oct 2014 | 9:06 AM ET
    A trader works on the floor of the New York Stock Exchange.

    As less original research is done, companies have increasingly learned how to play the "game" of lowering estimates going into the quarter.

  • If the SEC rules in their favor, the investors could seek a portion of the $602 million the SEC collected in a settlement from a division of SAC Capital Advisers after former portfolio manager Mathew Martoma was caught trading on secret tips. The SEC will also be weighing in on a long-running debate over whether insider trading is a victimless crime.

  • WASHINGTON, Oct 1- The U.S. bond market may be teetering on the brink of a "liquidity cliff" and appears to be an asset "bubble" that could burst once interest rates start to rise again, a top U.S. securities regulator said on Wednesday. "Everybody knows that this is a cliff that is coming," said Securities and Exchange Commission Republican member Daniel Gallagher, in...

  • SEC’s Gallagher: Market regulation overhaul needed Wednesday, 1 Oct 2014 | 4:51 PM ET
    In this June 14, 2011 photo, Daniel Gallagher, nominee for Commissioner of the Securities and Exchange Commission, listens during a Senate Banking Committee hearing on Capitol Hill in Washington.

    SEC's Commissioner Dan Gallagher discusses which stock and bond market regulations needs overhaul.

  • WASHINGTON, Oct 1- Two state Republican parties filed an appeal on Wednesday after a lower court dismissed their complaint against a U.S. Securities and Exchange Commission rule that restricts campaign contributions by asset managers.

  • WASHINGTON, Sept 30- U.S. regulators on Tuesday charged two men with insider trading after they learned that hedge fund manager Bill Ackman was planning to announce a $1 billion bet against Herbalife Ltd based on a view the company was merely a "pyramid scheme."

  • Insider trading charges tied to Herbalife short Tuesday, 30 Sep 2014 | 2:53 PM ET
    The headquarters building of the U.S. Securities and Exchange Commission (SEC) in Washington.

    The SEC accuses two men of insider trading ahead of Bill Ackman's announcement that his Pershing Square fund had taken a short position on Herbalife.