Institutional Shareholder Services will pay $300,000 to settle civil charges that one of its employees shared sensitive nonpublic information about clients, the SEC says.» Read More
Short-selling is a vital part of maintaining balance in the market, and people should stop viewing it as "evil" or "un-American", said Paul Roth, a partner at Schulte, Roth & Zabel.
This is not a time to get stressed about losing money – but to refocus on who is still generating sustainable earnings.
SEC's chairman Christopher Cox issued its emergency ruling against naked short-selling, and Wells Fargo reported surprisingly strong quarterly results and raised its dividends. Following are the day's top videos:
Why would the chairman of market regulation introduce a rule that already exists? The Mad Money host wants to know.
Stocks closed with huge gains as drop in oil prices boosted sectors previously battered by energy costs. Financials also moved sharply higher.
Stocks pushed higher as oil plunged for the second day in a row and financials staged an across-the-board rally that stemmed investor pessimism about the effects of inflation on the economy.
Goldman Sachs has been questioned by chiefs of rivals Bear Stearns and Lehman Brothers about speculation that the securities firm had a role in putting pressure on their firms' stocks, the Wall Street Journal said on Wednesday citing people familiar with their talk.
Actually, no. Too bad Chris Cox doesn't know that.
In verbal comments to the Senate, Mr. Cox said that he will institute an emergency order that will prohibit naked short selling in Fannie Mae and Freddie Mac. Naked short selling is shorting a stock without actually borrowing it.
The SEC, under heavy pressure for not responding more forcefully to a raft of rumors that have pounded stock prices of companies such as Lehman Brothers, has announced it will investigate rumor-mongering and stock price manipulation on Wall Street.
U.S. securities regulators are boosting efforts to stop the spread of false rumors that threaten financial institutions, after a week that saw steep slides in the shares of Fannie Mae, Freddie Mac and Lehman Brothers.
Volatility ruled the market Thursday because of oil prices, financial fears and an $18 billion acquisition. Following are the day's top five videos.
Credit rating agencies did not properly manage their conflicts of interests when assigning ratings to structured products such as mortgage-backed securities, a report by the U.S. Securities and Exchange Commission said on Tuesday.
Oil prices slid almost $4 Monday, and mortgage-lender worries caused the stock market to fluctuate. Following are the day's top videos.
The Federal Reserve and securities regulators have formalized an agreement to share information about the country's investment and commercial banks, the Fed said Monday.
A French court ordered eBay to pay 38.6 million euros ($61 million) to luxury goods group LVMH for allowing the sale of fake merchandise, in a ruling immediately appealed by the online auction website.
The Federal Reserve and Securities Exchange Commission (SEC) are finalising an agreement to start the process of redrawing how Wall Street is regulated, the Wall Street Journal said on its website on Sunday.
The indictment of two Bear Stearns hedge fund managers for securities fraud is expected to be announced later on Thursday in connection with a fund tied to the subprime lending market, CNBC has learned.
A federal judge ruled on Wednesday that two investment firms waging a proxy battle at railroad CSX violated securities law in acquiring large stakes in the rail company, but allowed them to continue their fight at the annual shareholder meeting.
The U.S. Securities and Exchange Commission is investigating whether American International Group overstated the value of contracts linked to subprime mortgages, the Wall Street Journal said on Friday, citing people familiar with the matter.