The SEC conducted a dragnet to determine who inside the agency allegedly leaked information about the JP Morgan "London Whale" settlement.» Read More
The company is now planning to price its IPO sometime after Labor Day, a person briefed on the matter said on Thursday. The New York Times reports.
WASHINGTON, July 16- The U.S. Securities and Exchange Commission announced late Wednesday it will meet July 23 to vote on final rules aimed at reducing investor risk in money market mutual funds. The SEC did not disclose details on how the rule will look. The SEC also said it will repropose a set of money fund rules that reference credit ratings.
BlackRock delivered quarterly earnings that topped analysts' expectations on Wednesday.`
WASHINGTON, July 15- A Republican member of the U.S. Securities and Exchange Commission slammed the Federal Reserve and a council of financial regulators on Tuesday, accusing them of a power grab on everything from asset managers to high-speed trading.
WASHINGTON, July 15- The U.S. stock market regulator should eliminate two pricing models that can create conflicts of interests for brokers, the head of a powerful Senate panel wrote in a letter released on Tuesday.
New allegations say that Bernie Madoff's sons knew much more about their father's Ponzi scheme than they originally claimed.
WASHINGTON, July 15- A member of the U.S. Securities and Exchange Commission is vowing to defend the regulator's turf against what he said is growing encroachment by the Federal Reserve and a council of financial regulators on everything from asset manager regulation to high-speed trading.
WASHINGTON, July 14- Accounting giant Ernst& Young will pay $4 million to settle civil charges that it violated auditor independence rules after one of its units lobbied congressional staffers on behalf of audit clients, U.S. regulators said Monday.
As the SEC investigates CYNK Technology, the days of boiler rooms and high-pressured telemarketing are gone. There is a new pump and dump.
The lawsuit, filed in U.S. District Court in Manhattan, claims that shareholders suffered losses after Lions Gate, which also produces TV shows such as "Mad Men," on March 13 agreed to pay $7.5 million and admit wrongdoing to settle the probe by the U.S. Securities and Exchange Commission.
The lawsuit claims shareholders suffered losses after Lions Gate agreed to pay $7.5 million and admit wrongdoing to settle an SEC probe.
July 11- U.S. regulators on Friday suspended trading in Cynk Technology Corp, citing possible market manipulation in the one-time penny stock whose market value rocketed within weeks from less than $20 million to more than $6 billion.
While the feds investigate CYNK Technology, the traders involved in the company are frozen, and maybe out of luck.
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.
Cohen proved to be a stickler for the letter of the law when it came to paying the criminal penalty imposed on his former hedge fund. The NYT reports.
Despite the publicity from the Madoff case, regulators say a new Ponzi scheme operator is found nearly every week. The NYT reports.
CNBC's Rick Santelli speaks to Nelson Obus, Wynnefield Capital, about his op-ed on regulatory overreach and intimidation by the SEC. Obus says the SEC has "gone beyond rational" and hurts small businesses and the economy.
This was untrue, according to the SEC, because Kings Canyon failed to make some of the annual disclosures of financial information and other events that it had promised to make when it conducted three other bond offerings in 2006 and 2007..
The series of examinations, which will likely begin this summer or fall, will also gauge funds' compliance with securities industry laws and regulations, said Norm Champ, director of the SEC's Division of Investment Management, in prepared remarks published by the agency late on Monday.
The SEC accused Babikian of reaping an illegal $1.9 million profit by selling nearly 1.4 million shares of coal mining company America West Resources Inc after his emailed touts had boosted their price.