Thomas Curran, Peckar and Abramson, discusses raised questions about SEC employee stock trades.» Read More
Since the start of the SEC's fiscal year on Oct. 1, the agency's win rate has dropped to 58 percent, from about 80 percent in recent years. 1. SEC v AIC, Inc, et al. 3. SEC v True North Finance Corp, et al.
WASHINGTON, March 10- As the U.S. Securities and Exchange Commission seeks to become a more formidable force in the courtroom, a string of trial defeats in the past six months has exposed a weak spot: witness testimony.
March 7- Bank of America Corp gave its top executives a collective 12 percent pay raise in 2013, according to a filing with the U.S. Securities and Exchange Commission on Friday.
CHICAGO, March 7- The U.S. Securities and Exchange Commission has launched an inquiry into whether high-speed trader Infinium Capital Management violated federal securities laws, according to a SEC letter obtained by Reuters.
The U.S. Securities and Exchange Commission on Thursday filed a related civil lawsuit against Davis, DiCarmine, Sanders and two former Dewey finance officials, finance director Frank Canellas and former controller Thomas Mullikin.
According to the SEC order, Lynn and his firm violated Rule 105 of "Regulation M," which prohibits a trader from shorting stock prior to a public offering, and then subsequently buying that same stock through the offering.
WASHINGTON, March 5- A New York proprietary trading firm and its owner will pay $7.2 million to settle civil charges in what U.S. regulators said on Wednesday marks the largest fine it ever imposed for certain short-selling violations.
WASHINGTON, March 4- The White House on Tuesday asked Congress to ramp up funding for the U.S. securities regulator, but caused an outcry from the top derivatives regulator by scaling back its prior request for a boost for that agency.
NEW YORK, March 2- The U.S. Securities and Exchange Commission is investigating Citigroup for accounting fraud after it disclosed bogus loans in its Mexican Banamex unit, a source familiar with the investigation said. The securities regulator is also examining whether Citigroup violated the Foreign Corrupt Practices Act, the source said.
CNBC's Courtney Reagan reports the SEC is not recommending any action after its investigation of JC Penney.
NEW YORK, Feb 25- Morgan Stanley has reached a $275 million proposed settlement with the U.S. Securities and Exchange Commission that would allow the Wall Street bank to move past a substantial legal overhang from the financial crisis.
On Tuesday, the reasons for the delay became clear after SEC staff released a 19- page memo that lays out a new and less- onerous disclosure alternative that aims to strike a balance between investor protection and privacy.
WASHINGTON, Feb 21- U.S. securities regulators are studying whether more proprietary high-speed trading firms should register as broker-dealers, which would subject them to greater oversight, a U.S. Securities and Exchange Commission official said on Friday.
WASHINGTON, Feb 21- The U.S. Securities and Exchange Commission should press ahead and complete work on rules mandated by Congress even if the courts shoot them down, Democratic Commissioner Kara Stein said on Friday.
Feb 21- Credit Suisse Group AG agreed to pay $196.5 million and admit wrongdoing to settle U.S. Securities and Exchange Commission charges that it provided cross-border brokerage and investment advisory services to U.S. clients without first registering with the regulator.
Feb 21- Credit Suisse Group AG agreed to pay more than $196 million and admit wrongdoing to settle U.S. Securities and Exchange Commission charges that it provided cross-border brokerage and investment advisory services to U.S. clients without first registering with the regulator.
Mark Cuban says he was in Washington D.C. for another event, and decided to attend SEC chairwomen Mary Jo White's speech, reports CNBC's Eamon Javers.
Mark Cuban tweets from the audience as SEC Chair Mary Jo White spoke at a conference in Washington this morning.
Feb 18- Mobile gamemaker King Digital Entertainment Plc, best known for the hit puzzle game Candy Crush Saga, said it planned to raise up to $500 million in an initial public offering. The Dublin- based company had filed confidentially for an IPO with the U. S Securities and Exchange Commission in September under the Jumpstart Our Business Startups Act.
King Digital Entertainment, the gaming firm behind online game Candy Crush, said on Tuesday it would list on the New York Stock Exchange.