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  • NEW YORK, Oct 30- The U.S. Securities and Exchange Commission wants to make its $602 million settlement with SAC Capital Advisors hedge fund available to people who say they are victims of illicit trading by a former SAC portfolio manager, according to a lawyer representing them. District Judge Victor Marrero, who is presiding over the SEC's case, must still...

  • Steven Sands and Martin Sands, the firm's co-founders, and Chief Operating Officer and Chief Compliance Officer Christopher Kelly were responsible for the company's failures to comply with the custody rule, the SEC said. Sands Brothers and the two co-founders were previously sanctioned by the SEC in 2010 for custody rule violations. The company was at least...

  • The SEC is pursuing three overlapping insider-trading investigations involving CMS, the report said, adding that one of the cases involves the Federal Bureau of Investigation. In one probe, the SEC is examining whether any agency officials tipped off policy research firm Marwood Group LLC about CMS's review of Dendreon Corp's prostate cancer treatment...

  • Including the general partner's money in the average net returns can inflate the fund's average net performance figure, and the SEC is investigating whether private equity fund managers properly disclose whether they are doing that or not, the sources said. An SEC spokeswoman declined to comment. The SEC's focus on the average net IRR disclosures, which has...

  • NEW YORK, Oct 28- The U.S. and Securities Exchange Commission on Tuesday added more than a dozen relatives of Texas businessmen Sam and Charles Wyly to a long-running securities fraud lawsuit against the brothers to bolster its efforts to collect some $300 million. The filing was expected, as the SEC and the relatives continue to dispute whether hundreds of...

  • FINRA fines Merrill Lynch $6 million Monday, 27 Oct 2014 | 12:57 PM ET

    WASHINGTON— The Financial Industry Regulatory Authority said Monday that it is fining Merrill Lynch a total of $6 million for violating certain short-selling rules. The financial industry watchdog said that it has censured and fined Merrill Lynch Professional Clearing Corp. $3.5 million for violating a U.S. Securities and Exchange Commission rule that...

  • Oct 27- BlackRock is lowering the fees on three of its bond funds, including its $4 billion Total Return Fund, according to a filing with the Securities and Exchange Commission Monday morning. BlackRock's move comes just weeks after the departure of Bill Gross from Pacific Investment Management Co.. "BlackRock regularly evaluates fund fees and expenses to...

  • Oct 27- BlackRock is lowering the fees on its Total Return Fund, Low Duration Fund and Core Bond Fund, according to a filing with the Securities and Exchange Commission Monday morning. "BlackRock regularly evaluates fund fees and expenses to ensure that they remain competitive as the marketplace evolves," a spokeswoman said in a statement. "By implementing the new...

  • Oct 27- BlackRock is lowering the fees on its Total Return Fund, Low Duration Fund and Core Bond Fund, according to a filing with the Securities and Exchange Commission Monday morning. Institutional shares for the BlackRock Core Bond Fund will be 45 basis points, down from 56 basis points. B-shares of the BlackRock Low Duration Bond Fund will now cost 154 basis...

  • Oct 27- A standoff within the U.S. Securities and Exchange Commission is stalling the final piece of Bank of America Corp's record $16.65 billion settlement with the U.S. government tied to troubled mortgage-backed securities, Bloomberg News reported, citing people with knowledge of the matter. Two Democratic SEC commissioners are unwilling to grant Bank of...

  • SINGAPORE, Oct 24- Singapore sovereign wealth fund GIC has bought a 5 percent stake in IMS Health Holdings, a U.S.-listed technology firm servicing the healthcare sector, for an undisclosed amount, according to a regulatory filing. GIC Private Ltd bought common stock of IMS Health earlier this month, according to a Securities and Exchange Commission filing on...

  • The settlement was filed on Thursday by the SEC in New York federal court, three months after a federal jury in Manhattan acquitted Rengan Rajaratnam of conspiring to engage in insider trading, a rare defeat for U.S. prosecutors. Under the agreement with the SEC, Rajaratnam will pay the $841,243 in four equal payments and will neither admit nor deny wrongdoing.

  • Google commits to $1 billion in long-term office leases Thursday, 23 Oct 2014 | 7:34 PM ET

    SAN FRANCISCO, Oct 23- Google Inc said it is committed to spending $1 billion to lease office buildings over the next 13 to 14 years. Google did not say where the office buildings were located in its disclosure as part of its quarterly regulatory filing with the U.S. Securities and Exchange Commission on Thursday. Google, the world's No. 1 Internet search company, has...

  • Rajaratnam brother barred for 5 years in SEC deal Thursday, 23 Oct 2014 | 6:11 PM ET

    The Securities and Exchange Commission announced the settlement Thursday with Rengan Rajaratnam. The SEC filed related civil charges against Rengan Rajaratnam in March 2013. The prosecutors had alleged that Rengan Rajaratnam joined his brother to cheat in the stock market in 2008 on the securities of two technology companies.

  • NEW YORK, Oct 23- Rengan Rajaratnam, who was cleared of criminal insider trading charges following the conviction of his older brother, Galleon Group founder Raj Rajaratnam, has agreed to pay more than $841,000 to resolve civil claims by the U.S. Securities and Exchange Commission. The settlement was filed on Thursday by the SEC in New York federal court, three...

  • NEW YORK, Oct 23- Rengan Rajaratnam, who was cleared of criminal insider trading charges following the conviction of his older brother, Galleon Group founder Raj Rajaratnam, has agreed to pay more than $841,000 to resolve civil claims by the U.S. Securities and Exchange Commission. The settlement was filed on Thursday by the SEC in New York federal court, three...

  • Oct 22- Texas tycoon Sam Wyly, who filed for bankruptcy this week, is trying to exhaust his fortune through exorbitant spending to impede the U.S. Securities and Exchange Commission's collection of a $198.1 million fraud claim against him, the regulator told a U.S. judge on Wednesday. During a hearing in Dallas bankruptcy court, a lawyer for the SEC criticized...

  • Oct 22- JPMorgan Chase& Co executives in New York were aware of potential problems tied to its recruitment practices in China well before U.S. regulators launched a probe into the issue, the Wall Street Journal reported, citing sources and documents it reviewed. The U.S. Securities and Exchange Commission is examining the extent to which JPMorgan executives at...

  • WASHINGTON, Oct 22- U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then passing the mortgage risk to investors. The Securities and Exchange Commission approved the so-called "risk...

  • Rules on bank risk in mortgage bonds being adopted Wednesday, 22 Oct 2014 | 12:20 PM ET

    WASHINGTON— Federal regulators are proceeding with new rules that ease guidelines for banks selling mortgage securities and could mean fewer borrowers will need to make hefty down payments. The Securities and Exchange Commission voted 3-2 Wednesday to adopt the rules, which six federal agencies have been working on since 2011. The SEC'S two Republican...