GO
Loading...

SEC

More

  • Former Merck analyst faces insider trading charges Tuesday, 14 Oct 2014 | 11:14 AM ET
    A Merck sign in front of the company's building in Summit, New Jersey.

    A former Merck analyst has been charged by the SEC for tipping a contact on the company's takeover of Idenix Pharmaceuticals.

  • 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...

  • 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.

  • NEW YORK, Sept 29- U.S. securities regulators can move forward with a lawsuit accusing two Dubai residents of making $3.7 million through insider trading in Onyx Pharmaceuticals Inc and another biotechnology company, a Manhattan federal judge ruled on Monday.

  • Bill Gross, who built Pimco into a $2 trillion asset manager and became one of the world's best-known bond investors, quit the firm he co-founded on Friday after his flagship fund suffered its 16th straight month of outflows and amid a Securities and Exchange Commission probe into whether one of his funds artificially inflated returns.

  • Bill Gross, who built Pimco into a $2 trillion asset manager and became one of the world's best-known bond investors, quit the firm he co-founded on Friday after his flagship fund suffered its 16th straight month of outflows and amid a Securities and Exchange Commission probe into whether one of his funds artificially inflated returns.

  • NEW YORK, Sept 25- Texas tycoon Sam Wyly and his late brother Charles' estate must pay hundreds of millions of dollars to the U.S. Securities and Exchange Commission for a fraudulent offshore scheme, a U.S. judge said on Thursday, one of the largest awards ever imposed on individual defendants.

  • NEW YORK, Sept 25- Texas tycoon Sam Wyly and his late brother Charles' estate must pay $187.7 million to the U.S. Securities and Exchange Commission for a fraudulent offshore scheme, a U.S. judge said on Thursday.

  • Private equity-backed Vantage Energy postpones IPO Wednesday, 24 Sep 2014 | 9:04 PM ET

    Vantage was expecting the offering of 23.6 million shares to be priced between $24 to $27 per share, valuing the company at up to $1.95 billion, according to a filing with the U.S. Securities and Exchange Commission earlier this month.

  • Babak "Bobby" Yazdani, who founded Saba in 1997 and resigned as chief executive in March 2013, was not charged with misconduct over the scheme, which involved falsified time-sheets by consultants at an Indian subsidiary, the SEC said.

  • Sept 23- The U.S. Securities and Exchange Commission is probing whether Pacific Management Company artificially inflated returns on its Pimco Total Return ETF, the Wall Street Journal reported citing people familiar with the matter. The SEC is inquiring whether Pimco provided investors with wrong information about the fund's performance, the report said.

  • The SEC won new powers in the 2010 Dodd-Frank Wall Street reform law to entice whistleblowers with monetary awards. The new program lets the SEC pay a whistleblower who provides tips and original information that leads to an enforcement action with sanctions that exceed $1 million.