The SEC sought to dismiss the civil charges against Jordan Peixoto because two crucial witnesses were not available for the trial.» Read More
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.
News out just moments ago that the Securities and Exchange Commission is raising the minimum requirements for so-called "accredited investors." It gets bumped up to $2.5m from $1m, where it had stood unchanged since 1982.
We have more opinions on the regulation of hedge funds. Tomorrow (Wednesday) the S.E.C. meets to consider new rules for hedge funds--which S.E.C. Chairman Christopher Cox calls "risky investments that are not for mom and pop." This year's Amaranth meltdown would seem to support that view (Amaranth lost $6.5 billion in one month in 2006.
The Home Depot said Wednesday an internal investigation of the company's stock option practices has concluded that errors caused it to have roughly $200 million in unrecorded option expense over a 26-year period.
The U.S. Senate Judiciary Committee is meeting today. They're looking into how the Securities and Exchange Commission conducted its insider trading inquiry of high-powered hedge fund--Pequot Capital. The story may seem a bit confusing--but we'll sort it out. Gary Aguirre--an attorney and investigator--was dismissed from the SEC on Sept. 1, 2005.
The Securities and Exchange Commission voted unanimously to propose tightening restrictions intended to combat manipulative short selling ahead of stock offerings.
Jefferies agreed to pay about $9.7 million to settle charges that it lavished $2 million worth of gifts, travel and other entertainment to win trading business from mutual fund giant Fidelity, the U.S. Securities and Exchange Commission said.