A longtime SEC employee thinks his agency was too "tentative and fearful" of prosecuting Wall Street after the financial crisis.» Read More
Without signaling what the SEC might do, White, speaking to an audience at the U.S. Chamber of Commerce, said that she was "particularly" interested during the roundtable in hearing the discussions about improving disclosure of possible conflicts and about how much investment advisers rely upon proxy advisory firms and what this means for their fiduciary obligations.
March 18- Wells Fargo& Co Chief Executive Officer John Stumpf earned $19.3 million in 2013, identical to what he took home a year earlier, according to a filing with the U.S. Securities and Exchange Commission on Tuesday. David Hoyt, Wells Fargo's head of wholesale banking, was the second-highest paid executive behind Stumpf.
March 18- Shares of Galena Biopharma Inc fell as much as 21 percent on Tuesday after the company said the U.S. Securities and Exchange Commission was investigating its dealings with an external investor-relations firm.
MTS said the Securities and Exchange Commission in the United States had asked for "documents and information" related to its business in Uzbekistan, from which MTS was ousted in 2012. The SEC inquiry concerned "investigations into the activities of unaffiliated parties," MTS said.
CBS Outdoor, part of media conglomerate CBS Corp, expects its offering of 20 million shares to be priced between $26 and $28 each, the company said in a filing with the U.S. Securities and Exchange Commission on Monday.
March 14- Weapons maker Lockheed Martin Corp paid Chief Executive Marillyn Hewson $25.2 million in 2013, more than doubling her compensation in her first year in the job, according to a regulatory filing. Her stock awards increased to about $8.2 million from about $877,000, Lockheed said in a filing with the U.S. Securities and Exchange Commission on Friday.
NEW YORK, March 13- A former analyst affiliated with billionaire Steven A. Cohen's SAC Capital Advisors LP has agreed to pay more than $203,000 and be banned from the securities industry to settle insider trading charges by the U.S. Securities and Exchange Commission.
WASHINGTON, March 13- Lions Gate Entertainment Corp admitted on Thursday it failed to disclose to investors in 2010 the steps it took to thwart a hostile takeover bid by billionaire Carl Icahn, as part of a major settlement with U.S. regulators.
WASHINGTON, March 13- Entertainment company Lions Gate Entertainment Corp admitted on Thursday to misleading investors in 2010 when it was facing a hostile takeover and agreed to pay $7.5 million to settle civil charges, U.S. regulators announced.
WASHINGTON, March 12- A federal judge on Wednesday reversed a jury finding that Life Partners Holdings and its executives were liable on one count of fraud, dealing a blow to U.S. securities regulators.
NEW YORK, March 12- A U.S. judge on Wednesday ordered former Goldman Sachs Group Inc trader Fabrice Tourre to pay more than $825,000 after a jury found him liable for defrauding investors in a subprime mortgage product that failed during the financial crisis.
District Judge Katherine Forrest in Manhattan came in one of the highest-profile cases brought by the U.S. Securities and Exchange Commission in response to the events leading up to the 2008 financial crisis. The SEC had sought to recoup $1.15 million from Tourre, including a $910,000 fine plus ill-gotten gains and interest.
NEW YORK, March 12- A U.S. judge on Wednesday ordered former Goldman Sachs Group Inc trader Fabrice Tourre to pay more than $825,000 after a jury found him liable for defrauding investors in a complex investment product linked to subprime mortgages.
March 12- Russian mobile phone operator Vimpelcom said on Wednesday it was being investigated by the U.S. Securities and Exchange Commission and Dutch authorities, probably in connection with its operations in Uzbekistan.
Since the start of the SEC's fiscal year on Oct. 1, the agency's win rate has dropped to 58 percent, from about 80 percent in recent years. 1. SEC v AIC, Inc, et al. 3. SEC v True North Finance Corp, et al.
WASHINGTON, March 10- As the U.S. Securities and Exchange Commission seeks to become a more formidable force in the courtroom, a string of trial defeats in the past six months has exposed a weak spot: witness testimony.
March 7- Bank of America Corp gave its top executives a collective 12 percent pay raise in 2013, according to a filing with the U.S. Securities and Exchange Commission on Friday.
CHICAGO, March 7- The U.S. Securities and Exchange Commission has launched an inquiry into whether high-speed trader Infinium Capital Management violated federal securities laws, according to a SEC letter obtained by Reuters.
The U.S. Securities and Exchange Commission on Thursday filed a related civil lawsuit against Davis, DiCarmine, Sanders and two former Dewey finance officials, finance director Frank Canellas and former controller Thomas Mullikin.
According to the SEC order, Lynn and his firm violated Rule 105 of "Regulation M," which prohibits a trader from shorting stock prior to a public offering, and then subsequently buying that same stock through the offering.