A former BP employee will pay to settle allegations of insider-trading during the 2010 Deepwater Horizon oil spill, U.S. regulators said.» Read More
WASHINGTON, April 1- The U.S. Securities and Exchange Commission has active investigations into high-frequency trading, the head of the agency said on Tuesday.
Brad Katsuyama, IEX; William O'Brien, BATS Global Markets president, and CNBC's Bob Pisani, debate high-frequency trading and if the stock market is "rigged."
Brad Katsuyama, IEX; William O'Brien, BATS Global Markets president, "Flash Boys" author Michael Lewis; and CNBC's Bob Pisani, debate high-frequency trading and the perceived unfairness in the public exchanges.
The SEC, CFTC and FINRA are working with the FBI to see if high frequency trading violates insider trading laws.
March 31- A federal judge on Monday recommended letting the U.S. Securities and Exchange Commission pursue a lawsuit against Bank of America Corp over $855 million of mortgage securities that soured during the global financial crisis.
March 31- A federal judge on Monday recommended rejecting Bank of America Corp's bid to dismiss a U.S. Securities and Exchange Commission lawsuit over $855 million of mortgage securities that soured during the global financial crisis.
The hearing marked the start of one of a handful of trials in cases brought by the SEC over events leading up to the 2008 financial crisis. The SEC accuses Chau and Harding Advisory of allowing hedge fund Magnetar Capital LLC undisclosed influence over the selection of collateral for a $1.5 billion transaction called Octans I CDO Ltd..
CNBC senior contributor Larry Kudlow and Thomas Sporkin, BuckleySandler LLP partner, discuss the controversy over high-frequency trading and the need for consolidation in the stock market.
The case, which dates back years, accuses Samuel Wyly and his late brother, Charles, engaged in a $550 million fraud.
SEC Commissioner Dan Gallagher believes high-frequency trading makes investing unfair for retail investors, and that the market's too "automated."
Dan Gallagher, SEC commissioner, shares his thoughts on shareholder activism and regulatory reforms. Also Gallegher weighs in on high frequency trading and why the perception that it's not fair to "the little guy" is a "reality" that needs to be addressed.
L&L Energy, which has all of its operations in China and Taiwan, "created the false appearance that the company had a professional management team in place when in reality Dickson Lee was single-handedly controlling the company's operations," the SEC said.
WASHINGTON, March 27- The U.S. Securities and Exchange Commission accused L&L Energy Inc of committing fraud when the coal company and its founder made false disclosures about who was running the company, the agency said on Thursday.
The Fed said it rejected Citi's capital plan over worries about how it would fare in a financial crisis, but not everyone is sure that's the only reason.
The SEC is still actively eyeing a plan that would force prime institutional money market funds to abandon their stable $1 per-share net asset value and float their share price.
Steve Cohen is mulling an out-of-court resolution to a parallel SEC case in which he himself is the defendant, according to people familiar with the matter.
E-Trade Financial gave its CEO $13.5 million in compensation for his first year on the job.
CNBC's Kate Kelly reports SAC's Steve Cohen is considering settling his civil case with the SEC.
March 24- The U.S. Securities and Exchange Commission has launched an investigation into the increasing number of complex bond deals on Wall Street that may create new opportunities for fraud, the Wall Street Journal reported on Monday.
The SEC has accused the Wyly brothers of using offshore trusts to hide stock sales in four companies closely tied to them. The accord marked the seventh time that the SEC has obtained an admission of wrongdoing from a defendant as part of a new settlement policy unveiled in June 2013 by SEC Chair Mary Jo White.