The SEC has halted shares of CYNK Technologies temporarily, after the stock took off in the past month. Former federal prosecutor Joel M. Cohen, and CNBC's Herb Greenberg, discuss what the SEC will investigate, and what will happen to the investors' money if it is indeed fraudulent.» Read More
WASHINGTON, June 6- U.S. securities regulators filed civil lawsuits on Friday against a private trading platform and a major brokerage firm, citing both cases as part of an agency crackdown on violations of core equity market structure rules.
NEW YORK, June 6- The U.S. Securities and Exchange Commission said on Friday it was suing the New York- based dark pool operator Liquidnet Inc for failing to safeguard confidential trading information. The SEC said Liquidnet would pay $2 million to settle the case, without admitting or denying any of its findings.
The Securities and Exchange Commission "ignored actual evidence" that failed to support its case of wrongdoing against former sTec Inc CEO Manouchehr Moshayedi, defense attorney Patrick Gibbs said during closing arguments in a trial in U.S. District Court in Santa Ana, California.
SEC Chair Mary Jo White spoke to CNBC's Bob Pisani, saying the "markets are not rigged. Larry Kudlow agrees.
CNBC's Eamon Javers reports what SEC Chair Mary Jo White is saying about fixing market structure going forward.
SEC Chair Mary Jo White spoke to CNBC's Bob Pisani, saying her clear message is that the "markets are not rigged," adding "this doesn't mean they're perfect."
CNBC's Eamon Javers reports the SEC is launching a new committee to address high-frequency trading and dark pools.
Securities and Exchange Commission Chair Mary Jo White's ambitious proposals, unveiled in a speech in New York City, mark the first time she has articulated her plan for revamping equity market structure rules since she took over at the SEC in the spring of 2013.. White also said the SEC is working on a handful of transparency measures.
NEW YORK/ WASHINGTON, June 4- A federal appeals court on Wednesday handed the U.S. Securities and Exchange Commission a big victory by voiding a judge's pathbreaking decision to reject the regulator's $285 million fraud settlement with Citigroup Inc..
The court said Judge Jed Rakoff was wrong to require the SEC to establish the "truth" as a condition of approving the deal.
An appeals court ruled Judge Jed Rakoff abused discretion in rejecting a settlement between the SEC and Citigroup over mortgage backed securities, reports CNBC's Scott Cohn.
NEW YORK/ WASHINGTON, June 4- A U.S. appeals court on Wednesday said a federal judge abused his discretion by rejecting a $285 million fraud settlement between Citigroup Inc and the U.S. Securities and Exchange Commission over securities sold before the financial crisis.
NEW YORK, June 4- A U.S. appeals court on Wednesday said a federal judge abused his discretion by rejecting a $285 million fraud settlement between Citigroup Inc and the U.S. Securities and Exchange Commission. District Judge Jed Rakoff was wrong to require the SEC to establish the "truth" of its allegations as a condition of approving the settlement.
Erik Voorhees, 29, published prospectuses and solicited investors through the Bitcoin Forum website to buy shares in FeedZeBirds and SatoshiDICE, both of which he co-owned, without first registering the offerings as required under federal securities law, according to the SEC.
The co-owner of two bitcoin-related sites has agreed to pay nearly $51,000 to settle charges he publicly offered shares before registering.
June 3- The co-owner of two bitcoin-related websites has agreed to pay nearly $51,000 to settle U.S. Securities and Exchange Commission charges he publicly offered shares in the two ventures without registering them, the regulator said on Tuesday.
News of the settlement talks comes just a few months after a Securities and Exchange Commission Administrative Law Judge handed down a harsh 112- page ruling that chastised the firms for failing to share audit work that SEC investigators believe could help them uncover accounting fraud.
As Wall Street keeps its eyes on an investigation involving Phil Mickelson, William T. Walters and Carl Icahn, here are some others that made headlines.
While the FBI is inquiring about trades made by pro golfer Phil Mickelson, Carl Icahn and gambler Billy Walter, CNBC's Jane Wells provides insight into who Walters really is.
CNBC's Scott Wapner reports the FBI is reportedly looking into trades made by pro golfer Phil Mickelson and Carl Icahn. Icahn says he doesn't know of any investigation and he and Mickelson have never spoken.