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  • Fake Avon takeover bid is 'a cautionary tale' Thursday, 14 May 2015 | 3:22 PM ET
    Avon headquarters in New York.

    On Thursday a fake bid to acquire Avon sent shares surging but this type of stock manipulation is nothing new.

  • WASHINGTON, May 14- Nationwide Life Insurance Co will pay $8 million to settle charges that it allegedly violated pricing rules in how it processed purchases and redemptions in variable insurance and mutual fund products, U.S. regulators said on Thursday. The Securities and Exchange Commission said the company is settling the charges without admitting or...

  • WASHINGTON, May 14- Nationwide Life Insurance Company will pay $8 million to settle charges that it allegedly violated pricing rules in how it processed purchases and redemptions in variable insurance and mutual fund products, U.S. regulators said on Thursday.

  • The SEC has been under mounting pressure from liberal groups, as well as a handful of law professors, to enact rules requiring companies to tell investors about campaign contributions. The lawsuit marks the latest effort to force the SEC into action. Last year, another group called the Corporate Reform Coalition held a news conference outside SEC headquarters...

  • Connecticut fund executive faces new SEC fraud charges Wednesday, 13 May 2015 | 4:03 PM ET

    The SEC said Ahmed induced his Greenwich, Connecticut- based firm into overpaying for investments in two Asian e-commerce companies, and pocketing $20 million for himself. The SEC wants Ahmed to give up illegal gains and pay a civil fine. The SEC brought related civil charges.

  • *SEC says company hid information from investors, auditor. In a complaint filed in the federal court in Indianapolis, the SEC accused ITT, Chief Executive Kevin Modany and CFO Daniel Fitzpatrick of hiding how ITT expected to owe hundreds of millions of dollars because its underlying loans had performed "abysmally," with "extremely high" default rates.

  • Judge: Banks misled Fannie, Freddie in 2008 Tuesday, 12 May 2015 | 10:04 AM ET
    A Royal Bank of Scotland (RBS) sign is pictured outside a branch in central London.

    Nomura Holdings, Royal Bank of Scotland mortgage bonds contained misrepresentations in 2008, says judge. New York Times reports.

  • District Judge Ronnie Abrams in Manhattan to declare the SEC's in-house court system unconstitutional. Lawyers for the U.S. Justice Department defending the SEC countered that the system was proper, and that any challenge Tilton wanted to make would need to wait until after her trial, which is set for Oct. 13. SEC administrative law judges preside over the cases,...

  • The SEC said that while no strict formula exists, it considers factors including what claims it is pursuing, whether a defendant is associated with a registered entity, and the costs and time involved in litigating in a particular forum. The SEC said it also considers bringing a matter before an administrative law judge if a case raised "unsettled and complex"...

  • Fitbit files for initial public offering Thursday, 7 May 2015 | 5:35 PM ET
    James Park, co-founder and chief executive officer of Fitbit Inc.

    The sport tracker company Fitbit just filed for an IPO of up to a $100 million. The company will trade on the NYSE under the ticker FIT.

  • Former controller Kevyn Rakowski and former chief credit officer William North were charged by the Justice Department with making false statements to the Federal Reserve and the Securities and Exchange Commission for allegedly underreporting the number of loans at least 90 days past due in late 2009.. The SEC brought related civil charges against...

  • The U.S. Department of Justice charged former controller Kevyn Rakowski and former chief credit officer William North with three criminal counts of making false statements to the Federal Reserve, and one criminal count of making false statements to the Securities and Exchange Commission. The SEC brought related civil charges against both men, and also...

  • Ex-SEC chairman says another 'flash crash' possible Wednesday, 6 May 2015 | 3:14 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Former SEC Chairman Harvey Pitt says the chances are "high" for a repeat of the 2010 "flash crash."

  • Dow’s auditor alleged ex-CEO misused company funds Wednesday, 6 May 2015 | 12:41 PM ET
    Andrew Liveris, chairman and chief executive officer of Dow Chemical Co.

    Former Dow CEO Andrew Liveris is accused of using his position to finance his lifestyle and boosting a charity that burnished his fame in Greece.

  • JPMorgan gets SEC subpoenas over mutual fund sales Wednesday, 6 May 2015 | 5:11 AM ET

    May 6- JPMorgan Chase& Co said it has received subpoenas from the U.S. Securities and Exchange Commission over how it sells its mutual funds. Other government authorities and a self-regulatory organization, apart from the SEC, are also seeking information about the bank's use of proprietary products in its wealth-management business, JPMorgan said in a...

  • May 5- The U.S. Securities and Exchange Commission on Tuesday sued three defendants it accused of running a fraud and Ponzi scheme in which they raised more than $62 million from investors eager to benefit from growth in the North Dakota oil industry. According to the SEC, North Dakota Developments LLC and its owners, Robert Gavin and Daniel Hogan, illegally...

  • NEW YORK, May 5- JPMorgan Chase& Co said on Tuesday it is in "advanced stages" of settlement talks with the U.S. Department of Justice and Federal Reserve over previously disclosed investigations into its foreign exchange trading. The company gave the description of the talks in a quarterly filing with the U.S. Securities and Exchange Commission on Tuesday.

  • News Corp. reports earnings miss, stock stable Tuesday, 5 May 2015 | 4:13 PM ET
    News Corporation building in New York

    News Corp. pointed to negative currency moves as a reason for its missed earnings report on Tuesday.

  • The SEC has ramped up its use of the in-house court since 2010 when the Dodd-Frank law empowered the commission to seek penalties against a broader array of defendants through administrative proceedings. In administrative trials, an SEC judge presides over the hearing. Defendants in SEC cases have been pushing back against the increased use of the in-house...

  • Speaking at conference at Northwestern University's School of Law, White stopped short of saying whether the agency was investigating the issue, but strongly implied that the SEC is not happy about these tactics. Created by the 2010 Dodd-Frank Wall Street reform law, the program lets the SEC dole out cash awards that range between 10 percent and 30 percent of...