Here's why SEC commissioner Michael Piwowar plans to vote against the Volcker Rule.» Read More
Dec 12- Bank of America Corp has agreed to pay $131.8 million to settle U.S. Securities and Exchange Commission charges that its Merrill Lynch unit misled investors about mortgage securities it structured and sold.
Dec 12- Bank of America Corp has agreed to pay $131.8 million to settle U.S. Securities and Exchange Commission charges that its Merrill Lynch unit misled investors about collateralized debt obligations it structured and sold.
Dec 12- Bank of America Corp has agreed to pay $131.8 million to settle U.S. Securities and Exchange Commission charges that its Merrill Lynch unit misled investors about collateralized debt obligations it structured and sold. Bank of America did not admit or deny wrongdoing. Bank of America bought Merrill on Jan. 1, 2009.
NEW YORK-- The chairman and largest shareholder of Barnes& Noble has trimmed his stake in the company by shedding more than 2 million shares, according to a filing with the Securities and Exchange Commission. The price is a 3.7 percent discount to Barnes& Noble's closing price Wednesday of $14.32.
SAN FRANCISCO, Dec 11- Snapchat, the mobile photo-sharing service beloved by teenagers and twenty-somethings, has raised another $50 million, according to a Securities and Exchange Commission filing made Wednesday. Snapchat drew attention last month when reports emerged that it had turned down a $3 billion acquisition offer from Facebook.
NEW YORK-- Shares of Urban Outfitters rose Wednesday after the company said that its sales have risen so far this quarter. THE SPARK: Urban Outfitters said in a Securities and Exchange Commission filing that for the quarter that began on Nov. 1, its revenue at stores open at least a year has so far risen in the "mid-single digit percentage" range.
NEW YORK, Dec 11- Barnes& Noble Inc Chairman Leonard Riggio has sold 2 million of his shares in the bookstore chain he founded, lowering his stake in the company to 26.3 percent, according to a regulatory filing on Wednesday. Riggio sold the 2 million shares on Tuesday for $13.81 apiece, according to a filing with the U.S. Securities and Exchange Commission.
WASHINGTON, Dec 10- U.S. securities regulators voted to adopt the Volcker rule to ban proprietary trading by large banks on Tuesday, making them the fourth regulator to sign off on the measure.
NEW YORK, Dec 9- When a pair of U.S. Securities and Exchange Commission examiners visited Bernard Madoff's offices in 2005, the now-imprisoned financier was not too worried- until he sneaked a look into one of their briefcases.
Securities and Exchange Commission Republican member Daniel Gallagher told reporters on the sidelines of an event sponsored by the American Chamber of Commerce in Germany, held in Frankfurt.
"For something of this magnitude and this controversial... there will be somebody who will challenge it," said Brian Cartwright, an advisor at consultancy Patomak Global Partners and a former general counsel at the Securities and Exchange Commission, one of the agencies voting on the measure.
The No. 2 U.S. mobile operator made the request in a Dec. 5 letter to the U.S. Securities and Exchange Commission in response to shareholder activists pressing it on the matter. Among them is New York State Comptroller Thomas DiNapoli, who is the trustee of the state retirement fund.
Dec 6- Shares of Barnes& Noble Inc fell as much as 11 percent on Friday, a day after the U.S. Securities and Exchange Commission told the bookseller it had begun an investigation into a restatement of earnings announced on July 29.
Speaking with reporters on the sidelines of an event at SEC headquarters, White said she expects to carry out the vote behind closed doors in a process known as "seriatim." Many of the other regulators working on the rule with the SEC, by contrast, plan to vote on the Volcker rule in open public forums on Dec. 10.
As part of the settlement, former Fifth Third Chief Financial Officer Daniel Poston agreed to pay a $100,000 penalty and be suspended from practicing as an accountant for any publicly traded company, the SEC said on Wednesday. The SEC case arose after the U.S. real estate downturn had caused a surge in nonperforming assets at Fifth Third.
Dec 4- Fifth Third Bancorp, a Midwest U.S. regional bank, has agreed to pay $6.5 million to settle U.S. Securities and Exchange Commission charges that it accounted improperly for commercial real estate loans during the 2008 financial crisis, reducing its reported loss.
NEW YORK-- Shares of CF Industries climbed to an all-time high Wednesday after the fertilizer maker said that it might boost its dividend over time. THE SPARK: At an investor presentation, detailed in a filing with the Securities and Exchange Commission, the company said that it will continue to evaluate raising its dividend over time.
WASHINGTON, Dec 3- Corporate boards and management should engage with shareholders to help improve governance, the top U.S. securities regulator said Tuesday, laying out what she sees as some positive outcomes from increased investor activism.
WASHINGTON, Dec 3- U.S. securities regulators are "optimistic" that they will be able to vote before the end of the year on a final Volcker rule to ban proprietary trading by banks, Securities and Exchange Commission Chair Mary Jo White said Tuesday. The SEC is one of five regulators coordinating the drafting of the final Volcker rule.
The SEC announced the settlement with Curt Kramer, Mazuma Corp and two affiliates on Monday. The SEC created the task force in July to target alleged abuses involving microcaps, which often do not regularly report their financial results to the public.