Thomas Curran, Peckar and Abramson, discusses raised questions about SEC employee stock trades.» Read More
If you hear snoring on Wall Street, Jim Cramer thinks there’s a good chance you’ve run into the SEC.
WASHINGTON, Feb 12- The law firm Milbank, Tweed, Hadley& McCloy announced on Wednesday that it has rehired George Canellos, one of the former chief enforcers of U.S. securities laws. Canellos left his post as the co-head of the enforcement division of the Securities and Exchange Commission in January.
NEW YORK, Feb 10- The U.S. Securities and Exchange Commission has demanded an admission of wrongdoing from Texas investor Samuel Wyly, as part of an ongoing policy shift from allowing defendants to settle lawsuits without acknowledging the charges against them.
Wall Street's Financial Industry Regulatory Authority is examining efforts to protect businesses and customers from cybersecurity threats.
WASHINGTON, Feb 4- Life Partners Holdings Inc and its executives were cleared by a jury late Monday on eight of 12 civil securities violations, including some fraud charges, dealing U.S. regulators another mixed ruling as they step up efforts to take cases to trial.
WASHINGTON, Feb 4- U.S. financial regulators have formed a working group to coordinate implementation of the Volcker rule, which bans banks from proprietary trading, top regulatory officials plan to tell lawmakers on Wednesday.
The SEC is filing stop order proceedings against 20 purported mining companies.
Critics say the internal court system gives the SEC a home-court advantage. The impact of the court was on full display when Elliot sided with the SEC on January 22 in a blunt 112- page opinion that slapped the Chinese units of the "Big Four" accounting firms with a six-month U.S. industry suspension.
The Financial Industry Regulatory Authority was granted approval last week from the U.S. Securities and Exchange Commission to obtain information on "dark pools," which are private trading venues, and other alternative trading systems, according to a regulatory filing.
WASHINGTON, Jan 31- A regulatory advisory panel on Friday urged the U.S. Securities and Exchange Commission not to launch a test program that would allow the stocks of small-cap companies to trade in wider increments, a recommendation that clashes with a proposal from a different SEC committee.
Jan 29- A Chicago- based accountant was indicted for allegedly trading ahead of an earnings announcement from his then employer, Allscripts Healthcare Solutions Inc, U.S. federal prosecutors said on Wednesday. Attorney's office in Chicago said. He now also faces charges from the Securities and Exchange Commission.
Attorney in Connecticut and a civil settlement with the U.S. Securities and Exchange Commission, subject to that agency's approval. Attorney's office, a $4 million fine to the SEC, and $11 million to counterparties harmed by suspect trades.
WASHINGTON, Jan 27- The compensation that dealers receive in U.S. municipal bond trades is once again in regulators' crosshairs, with a member of the Securities and Exchange Commission saying on Monday that he is investigating how to give investors more information about markups.
The SEC's five commissioners are weighing a proposal to reduce the risk of runs on money market funds, like the one seen in 2008 when the Reserve Primary Fund's net asset value fell below $1 per share as panicked investors withdrew money to avoid exposure to Lehman Brothers.
WASHINGTON, Jan 24- Accounting firm KPMG will pay $8.2 million to settle civil charges that it violated independence rules by providing certain non-auditing services to companies whose books it audited, U.S. regulators said on Friday.
Crowdfunding is about to get a lot bigger, and potentially a lot more risky.
NEW YORK, Jan 23- A man suspected of fraudulently collecting money from investors to buy shares in big-name private companies was arrested on Thursday after failing to respond to subpoenas, the U.S. Securities and Exchange Commission said.
*Unclear whether action will impact on multinationals' China operations. WASHINGTON, Jan 23- Chinese units of the global "Big Four" accounting firms should be suspended from practicing in the United States for six months, a U.S. judge ruled, in an escalation in a long-running dispute over regulators' access to audit documents.
Jan 23- The "Big Four" accounting firms have said they intend to appeal against a ruling by the U.S. Securities and Exchange Commission that recommends suspending their Chinese units for six months.
WASHINGTON, Jan 22- A U.S. judge has ruled that the Chinese units of the "Big Four" accounting firms should be suspended from practicing in the United States for six months, an escalation in a long-running dispute between U.S. and Chinese regulators over access to audit documents.