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  • The Securities and Exchange Commission said that Tilton and private equity business Patriarch Partners were able to collect almost $200 million in fees by failing to properly value the assets in the funds through the methodology described to investors. "We are disappointed that the SEC has chosen to bring an enforcement action that is ill-founded and at...

  • WASHINGTON, March 30- U.S. regulators took aim at financier Lynn Tilton and her advisory business on Monday, saying she breached her fiduciary duty to investors by hiding the poor performance of loans underlying three collateralized loan obligations. The Securities and Exchange Commission said that Tilton and Patriarch Partners were able to collect almost...

  • SAN FRANCISCO, March 27- Yahoo Inc and Microsoft Corp agreed to extend by 30 days the deadline to re-negotiate a ten year search deal, as the two Internet companies attempt to revamp a thorny partnership crafted by former chief executives. According to a filing with the U.S. Securities and Exchange Commission on Friday, Yahoo and Microsoft mutually agreed to...

  • The SEC said Macquarie did not act on a due diligence report that showed Puda Chairman Ming Zhao had transferred that stake to himself, and then sold part of it to state-owned CITIC Group. While Macquarie made $4.17 million from its underwriting, the SEC said investors who bought Puda shares suffered losses after the transfers were revealed.

  • March 26- The former chief executive and founder of hipster clothing brand American Apparel Inc, Dov Charney, is claiming $40 million in damages for a breach of employment contract, his attorney said. American Apparel could not be reached for comment outside regular business hours. The U.S. Securities and Exchange Commission has ordered an investigation into...

  • NEW YORK, March 26- Leon Cooperman's Omega Advisors Inc told clients earlier this week that it has been subpoenaed by federal prosecutors and regulators seeking information about its trading activities in certain securities, according to a letter seen by Reuters on Thursday. Attorney's office in New Jersey and the U.S. Securities and Exchange Commission.

  • A look at Leon Cooperman, subject of SEC inquiry Thursday, 26 Mar 2015 | 2:02 PM ET

    Meet the billionaire hedge fund manager who is the subject of a new government investigation of his firm's trading activity.

  • The final rule preempts state "blue sky laws" for stock deals valued at more than $20 million and up to $50 million, meaning those companies would not have to register their deals in every state before they can be sold and the states could not block riskier deals. The SEC's rule aims to strike a compromise with the North American Securities Administrators...

  • SEC to issue proposal for HFT registration Wednesday, 25 Mar 2015 | 10:40 AM ET

    The SEC voted Wednesday to issue a proposal requiring proprietary high speed trading firms to register with regulators.

  • The final rule by the SEC aims to try and strike a compromise with the North American Securities Administrators Association, which has been lobbying fiercely to protect its oversight powers and has urged the federal agency not to pre-empt any of the deals from state oversight. Originally, the SEC had proposed preempting deals larger than $5 million.

  • NEW YORK, March 20- American International Group Inc shareholders won approval on Friday of a $970.5 million settlement resolving claims they were misled about its subprime mortgage exposure, leading to a liquidity crisis and $182.3 billion in federal bailouts. The U.S. Justice Department and U.S. Securities and Exchange Commission closed related probes...

  • March 20- Wal-Mart Stores Inc shareholders will vote in June at the company's annual meeting on electing an independent board chairman, after U.S. regulators rejected a request by the retailer to block the proposal. Wal-Mart had argued that the proposal, submitted by the International Brotherhood of Teamsters General Fund, should be omitted because it was...

  • The Securities and Exchange Commission rejected a request by Wal-Mart to prevent the proposal from being voted on by shareholders, according to an SEC letter delivered to the fund sponsoring the proposal on Friday.

  • NEW YORK, March 20- American International Group Inc shareholders won approval on Friday of a $970.5 million settlement resolving claims they were misled about its subprime mortgage exposure, leading to a liquidity crisis and $182.3 billion in federal bailouts. The U.S. Justice Department and U.S. Securities and Exchange Commission closed related probes...

  • The March 17 decision by the Securities and Exchange Commission, seen by Reuters Wednesday, marks a victory for Bartlett Naylor, a Bank of America shareholder who works for the non-profit Public Citizen. It also represents a reversal for the SEC, which last year rejected nearly identical resolutions filed by Naylor at Bank of America, as well as JP Morgan Chase...

  • The March 17 decision by the Securities and Exchange Commission, seen by Reuters Wednesday, marks a victory for Bartlett Naylor, a Bank of America shareholder who works for the non-profit Public Citizen.

  • White's announcement, made at a Securities Industry and Financial Markets Association conference in Arizona, mark the first time she has articulated a position on the controversial subject since taking over the helm of the SEC in the spring of 2013.. The SEC and the Labor Department are each governed by different laws and are able to act independently of one...

  • Monday's accord resolved an SEC administrative proceeding that Stilwell, 53, had challenged as unconstitutional because of how SEC law judges are appointed. The SEC said the defendants arranged about $20 million of loans among various Stilwell funds from 2003 to 2013 to further the funds' investment strategies. While all loans were repaid, the SEC said...

  • Securities and Exchange Commission Chair Mary Jo White on Thursday defended the process her agency follows when deciding whether to grant regulatory waivers to companies that break the law, saying it is not a "knee-jerk exercise." Thursday marked the first time White has publicly discussed her views on the waiver process, which came under scrutiny about a year...

  • The Securities and Exchange Commission told Citigroup, Goldman Sachs and Morgan Stanley they cannot exclude the AFL-CIO's shareholder proposal from their corporate ballots, according to copies of the letters seen by Reuters. Spokesmen for Morgan Stanley and Goldman Sachs declined to comment on the SEC's decision. "Citigroup, Goldman Sachs and Morgan...