The SEC sought to dismiss the civil charges against Jordan Peixoto because two crucial witnesses were not available for the trial.» Read More
NYSE Group has requested the U.S. Securities and Exchange Commission grant it relief from securities regulations that would oblige the New York Stock Exchange to route orders to certain markets, according to a public filing.
The Securities and Exchange Commission is looking into whether the New York Stock Exchange's so-called hybrid trading system has enough capacity to handle the high volume that has occured this week, according to CNBC's Charlie Gasparino.
The heads of the major specialist firms met with NYSE CEO John Thain Wednesday and gave him a simple ultimatum: Help us out, or we are getting out of the specialist business.
The President's Working Group on Financial Markets vowed to up its vigilance of hedge funds -- but its members shied from taking action. SEC Chairman Christopher Cox and Connecticut Attorney General Richard Blumenthal took sides on the matter.
The U.S. Securities and Exchange Commission has taken steps on two fronts to protect corporations, executives and accounting firms from investor lawsuits that accuse them of fraud, the New York Times reported in a story published on Tuesday.
U.S. District Court Judge Charles Pannell Jr. entered a default judgment against a fund manager ordering disgorgement of $17 million, interest of $2.7 million and a civil penalty of $120,000,
KB Home said Friday the Securities and Exchange Commission has launched a formal investigation into the homebuilder's stock-option granting practices.
Tomorrow is the deadline for hedge funds and brokers to comply with SEC rules defining the use of soft dollars. The new rules disqualify spending on extravagant incentives such as front row seats at the Super Bowl. In addition, payments for meals, travel, rent and other perks will also be considered abuses. Critics say this is just the SEC's backdoor attempt to regulate hedge funds.
Deep In The Heart of Edgar: I’ll be the first to admit that broadcast producers rely a great deal on the newswires (Dow Jones, Reuters, AP, etc.). Some carry that to extreme - when I was producing at ABC Radio years ago, I told an anchor a piece of news that a reporter in the field had given me, and he said .. “But it’s not on the wires!" He wasn't joking.
Investors still seem to think Apple is worth something. Shares of the computer giant are holding strong so far today--as the company released information saying it found NO misconduct by CEO Steve Jobs in regards to backdating stock options between 1997 and 2001. But--not all is well with Jobs and Apple according to Christopher Whalen. He's senior vice-president at Institutional Risk Analytics.
On this final day of what has been a banner year for stocks, the market is looking set for a lower open. European markets are mostly lower. Tokyo closed the year with the Nikkei up 6.9 percent, its fourth up year and its longest winning streak since the late 1980s. Oil is weaker this morning.
Roughly $110 billion flowed to the more than 9,200 hedge funds in 2006, according Chicago-based firm Hedge Fund Research. Senior managing director of Channel Capital Group George Lucaci was on “Closing Bell,” explaining which funds made the most money this year. He also highlighted what to look for in 2007.
The U.S. Securities and Exchange Commission is changing the way companies disclose grants of stock option awards to executives, according to a press release on its Web site dated Friday.
The same rare, but fatal viral infection that forced Biogen Idec and Elan to recall, and recently relaunch, the multiple sclerosis drug, Tysabri, may also be a side effect of Rituxan, also from Biogen Idec and Genentech. In an SEC filing -- not a press release -- and on the FDA website, the companies and the agency disclosed yesterday evening that two people with lupus died after taking Rituxan.
Apple Computer said it has delayed filing its annual report with the Securities and Exchange Commission due to its ongoing investigation into stock option grants.
We've been talking all week about the big year end cash and stock bonuses Wall Street executive are getting--some of them topping $50 million. But starting today--everyone will be able to find out what other perks company execs are getting--like the use of a company jet. CNBC's Hampton Pearson on "Morning Call" had the details.
In an exclusive interview with CNBC, SEC Chairman Christopher Cox said the agency is in its best shape ever to oversee a variety of regulatory issues simultaneously, whether it's options backdating or keeping a watchful eye on the derivatives market.
Yesterday, the U.S. Securities and Exchange Commission raised the net worth requirement for investing in hedge funds to $2.5 million from $1 million. If you saw SEC Chairman Christopher Cox on cnbc.com this morning, you’d know that the rule was made to keep unsophisticated investors out of an incredibly complex industry. Now, the focus is on protecting retail investors....
Regulators voted on a proposal that would raise the hurdle investors must meet in order to enter the fast-growing world of hedge funds.
The S.E.C. is meeting right now to vote on a key proposals that could have a major impact on the hedge fund industry. CNBC’s Hampton Pearson had all the details on today's "Power Lunch." Hampton said essentially the S.E.C. is looking to raise the bar on hedge fund investment. Currently hedge funds need to have $200,000 income or $1 million in net worth.