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  • GE's move, disclosed in a filing with the U.S. Securities and Exchange Commission on Wednesday, comes at a time when regulators at the SEC are starting to more closely scrutinize proxy reforms in general. Several years ago, the SEC under then-chair Mary Schapiro adopted rules requiring public companies to let shareholders nominate directors to corporate...

  • Teva's internal investigation finds possible corruption Wednesday, 11 Feb 2015 | 3:05 PM ET

    Feb 11- Israeli drugmaker Teva Pharmaceutical Industries Inc said it found some business practices and transactions could violate the U.S. The possible violations were in Russia and some other countries it did not identify in Europe, Latin America and elsewhere, Teva said in a filing with the U.S. Securities and Exchange Commission. Teva's U.S.-listed shares...

  • Ex-S&P exec urges U.S. judge to block SEC case Wednesday, 11 Feb 2015 | 2:27 PM ET

    A lawyer for Barbara Duka, who helped oversee S&P's ratings of commercial mortgage-backed securities, told a Manhattan federal judge that Duka would suffer irreparable harm to her career and would face fines if the SEC pursues in-house administrative proceedings against her. The SEC has increasingly been challenged in federal court over its use of...

  • Insiders bail on stock market after earnings Wednesday, 11 Feb 2015 | 11:12 AM ET
    Traders on the floor of the New York Stock Exchange.

    Insider selling jumped in the last week as executives looked to cash in on their companies after earnings came out.

  • Saba Software to be taken private by Vector Capital Tuesday, 10 Feb 2015 | 6:23 PM ET

    Feb 10- Enterprise software provider Saba Software Inc, whose chief executive and other executives recently settled charges of accounting fraud, said private equity firm Vector Capital would take it private for about $268 million in cash. The Securities and Exchange Commission said earlier on Tuesday that two former Saba chief financial officers agreed to...

  • ZURICH, Feb 10- Swiss bank UBS said on Tuesday U.S. authorities had begun an investigation into the selling of certain securities that potentially violate tax law in the United States. "In January 2015, we received inquiries from the U.S. Attorney's Office for the Eastern District of New York and from the U.S. Securities and Exchange Commission, which are...

  • WASHINGTON, Feb 9- The U.S. Securities and Exchange Commission on Monday proposed rules to require public companies to tell investors whether they allow their staff to hedge the value of their corporate stock and options. The rules were mandated by the 2010 Dodd-Frank Act to reform Wall Street, the securities watchdog said. In a statement, SEC Chair Mary Jo White...

  • Your broker-dealer has been hacked...now what? Friday, 6 Feb 2015 | 3:04 PM ET

    If your broker-dealer or investment advisor is hacked, your money could be gone forever.

  • The deal with the SEC notably does not suspend the firms from practicing as accountants for China- based companies listed on U.S. markets. The firms can face an automatic six-month suspension, however, if they fail to produce documents or provide records that the SEC deems to be deficient. The SEC could also start new fast-tracked enforcement actions or revive...

  • The Securities and Exchange Commission said the Chinese units of Deloitte, Ernst& Young, PricewaterhouseCoopers and KPMG will each pay $500,000 and admit that prior to 2012 they did not produce documents the SEC had requested. The settlement with the SEC notably does not suspend the firms from practicing as accountants for China- based firms listed in U.S....

  • The Securities and Exchange Commission said that the Chinese units of Deloitte, Ernst& Young, PricewaterhouseCoopers and KPMG will each pay $500,000 and admit that prior to 2012, they did not produce documents the SEC had requested. The settlement with the SEC notably does not suspend the firms from practicing as accountants for China- based firms listed in...

  • NEW YORK, Feb 5- The U.S. Securities and Exchange Commission is investigating a January 14 spike in trading in BlackBerry Ltd options that took place hours before Reuters reported that Samsung Electronics Co was in talks to buy the Canadian smartphone maker, according to a person familiar with the investigation. One trade the SEC is looking at took place at...

  • TORONTO, Feb 3- Canada's most prominent securities regulator said on Tuesday it is looking at launching a whistleblower program that would pay up to C $1.5 million to tipsters who help it snare those breaking securities laws. The Ontario Securities Commission proposal, the first of its kind in Canada, comes after the U.S. Securities and Exchange Commission...

  • NEW YORK, Feb 3- A former Banco Santander SA executive has been indicted for insider trading ahead of a proposed 2010 takeover of Potash Corp of Saskatchewan Inc by the mining group BHP Billiton Ltd, U.S. prosecutors said on Tuesday. A former adviser to Banco Santander's chief executive, Canas settled a U.S. Securities and Exchange Commission civil lawsuit last...

  • Feb 3- U.S. brokerage firms and financial advisers are a routine target of cyber criminals and some have lost money as a result of fraudulent emails requesting transfers of client funds, the U.S. Securities and Exchange Commission said in a report. Cybersecurity is a growing concern for business, as highlighted by recent hacking incidents at Home Depot Inc, Sony...

  • In a regulatory filing on Friday, BNY Mellon said that U.S. Securities and Exchange Commission staff had notified it that they would recommend the SEC charge the bank over alleged violations of the Foreign Corrupt Practices Act. BNY Mellon said the so-called Wells notice came after SEC staff provided a similar notice in the third quarter of 2014 to some current...

  • WASHINGTON, Jan 27- Oppenheimer& Co will pay $20 million to settle two U.S. government cases stemming from allegations the firm improperly sold penny stocks and ignored red flags. The Securities and Exchange Commission said Oppenheimer will pay $10 million to settle the case with the agency, plus another $10 million to settle parallel charges with the Treasury...

  • NEW YORK, Jan 26- The U.S. Securities and Exchange Commission on Monday supported a bid by prosecutors in New York for a shot at overturning a ruling that cleared two hedge fund managers of insider trading and limited the ability of authorities to pursue such cases. The SEC, in a court filing, backed Manhattan U.S. In particular, the SEC said the ruling could impede...

  • BOSTON/ BENGALURU, Jan 16- The U.S. Securities and Exchange Commission on Friday backed off a ruling it made on when companies may ditch shareholder proposals, drawing praise from activists aiming to add their own directors at grocer Whole Foods Market Inc and other companies. They got a setback in December when Whole Foods was told by the SEC that it could skip...

  • The lawsuit, filed in federal court in Manhattan, comes three months after McGraw Hill took a $60 million charge and said it was in talks to resolve an SEC probe into its ratings for six commercial mortgage-backed securities transactions issued in 2011.. Duka, who left S&P in 2012, said she received a "Wells notice" in November indicating she might face an SEC...