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  • WASHINGTON, April 22- Twelve lawmakers are urging U.S. regulators to implement a new rule requiring companies to disclose if their products contain "conflict minerals" from Africa's Democratic Republic of Congo, even though part of the rule was struck down by a U.S. appeals court last week.

  • NEW YORK, April 22- Texas businessman Sam Wyly took the stand in his civil trial in New York on Tuesday and denied U.S. Securities and Exchange Commission claims that he and his brother used a complex network of offshore trusts to conceal years of stock trades and net $550 million in undisclosed profit.

  • April 22- Credit investment and private equity firm Ares Management LP said its initial public offering is expected to raise up to $419 million. The offering of 18.2 million common units is expected to be priced between $21 and $23 per unit, the company said in a filing with the U.S. Securities and Exchange Commission on Tuesday.

  • PE firm Ares' IPO likely to raise up to $419 mln Tuesday, 22 Apr 2014 | 6:40 AM ET

    April 22- Credit investment and private equity firm Ares Management LP's initial public offering is expected to raise up to $419 million, the company said in a filing with the U.S. Securities and Exchange Commission on Tuesday.

  • Crotty also said that while "there is substance" to the defendant's argument that the SEC had overreached by tying up too many assets, the regulator's action could be justified on "equitable" grounds. In a court filing on Saturday, Babikian, through his lawyers, declined to address some SEC claims, invoking his right against self-incrimination under the U.S.

  • April 21- Caterpillar Inc Chairman and Chief Executive Officer Doug Oberhelman's compensation declined 33 percent last year because of the company's failure to meet promised profit and performance targets, according to a filing on Monday with the U.S. Securities and Exchange Commission.

  • WASHINGTON, April 17- A former 20- year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges alleging he used non-public information about the disaster to commit insider-trading, U.S. regulators said on Thursday.

  • U.S. SEC releases cyber security examination blueprint Wednesday, 16 Apr 2014 | 5:02 PM ET

    The SEC also plans examinations of more than 50 firms that will focus on cyber security-specific issues. John Reed Stark, the SEC's former chief of Internet enforcement and now a managing director with digital risk management consultancy Stroz Friedberg, said the SEC's detailed list of questions is both unusual and "forward-thinking."

  • April 15- Associated Materials Group Inc, a maker of home-building products, said on Tuesday it had decided to withdraw its plans for an initial public offering. Last July, the company, owned by buyout firm Hellman& Friedman LLC, filed with the U.S. Securities and Exchange Commission for an IPO of up to $100 million.

  • Energy Future Holdings misses filing deadline Tuesday, 15 Apr 2014 | 12:25 PM ET

    FORT WORTH, Texas— Energy Future Holdings is still not ready to file its already delayed annual report, the company said in a filing Tuesday with the federal Securities and Exchange Commission.

  • Court overturns 1 SEC conflict minerals provision Monday, 14 Apr 2014 | 5:19 PM ET

    While overturning the disclosure requirement, the court rejected industry arguments that the SEC must conduct rigorous, quantitative economic analysis on the costs and the benefits of the conflict minerals rule.

  • AT&T trims stake in Slim's America Movil Friday, 11 Apr 2014 | 5:49 PM ET

    MEXICO CITY, April 11- AT&T has sold more than 300 million shares in billionaire Carlos Slim's America Movil, following up on other sales last year, a filing with the U.S. Securities and Exchange Commission showed on Friday.

  • The talks within the SEC are at an early stage, and the pilot program would need to be approved by the full five-member commission, as part of an order instructing the public exchanges to carry out the study. The results of any pilot would have to be effective enough to prompt the SEC to change its market rules.

  • HP pays $108 mln to settle DOJ, SEC corruption probes Wednesday, 9 Apr 2014 | 12:42 PM ET

    SAN FRANCISCO, April 9- Hewlett-Packard will pay $108 million and agreed to take on certain reporting and compliance obligations to settle a Justice Department and SEC investigation into potential violations of the Foreign Corrupt Practices Act.

  • The SEC, which announced the settlement on Tuesday, said CVS failed while marketing a $1.5 billion bond offering in September 2009 to disclose having recently lost significant Medicare and contract revenue streams in its pharmacy benefits manager business, including from the former Caremark Rx Inc that it bought in March 2007.

  • WASHINGTON, April 8- U.S. securities regulators should not be so quick to scale back the power of the states to police certain smaller public stock deals, a top U.S. Securities and Exchange Commission official warned on Tuesday.

  • CVS to pay $20 mln to settle SEC charges Tuesday, 8 Apr 2014 | 1:22 PM ET

    April 8- CVS Caremark Corp agreed to pay $20 million to settle U.S. Securities and Exchange Commission charges that it misled investors about significant financial setbacks and used improper accounting to artificially boost its results. The Woonsocket, Rhode Island- based company did not admit or deny wrongdoing in agreeing to settle.

  • Coal miner L&L Energy's CEO Lee quits Tuesday, 8 Apr 2014 | 6:32 AM ET

    April 8- L&L Energy Inc Chief Executive Dickson Lee resigned, the coal miner said in a regulatory filing on Tuesday, less than three weeks after the U.S. Securities and Exchange Commission accused the company of fraud. The regulator had accused L&L Energy and its founder, Lee, of making false disclosures about who was running the company.

  • The SEC regularly examines a wide range of financial institutions including brokerages and clearing houses to ensure compliance with federal securities laws. The SEC already has examiners who specialize in funds, but historically the agency has focused on public asset managers such as mutual funds that have been highly regulated since 1940..

  • In its case, the U.S. Securities and Exchange Commission said 37- year-old Joseph Dondero, a co-owner of a New Jersey- based trading firm called Visionary Trading LLC, routinely engaged in spoofing.

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