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  • The settlement was filed on Thursday by the SEC in New York federal court, three months after a federal jury in Manhattan acquitted Rengan Rajaratnam of conspiring to engage in insider trading, a rare defeat for U.S. prosecutors. Under the agreement with the SEC, Rajaratnam will pay the $841,243 in four equal payments and will neither admit nor deny wrongdoing.

  • Google commits to $1 billion in long-term office leases Thursday, 23 Oct 2014 | 7:34 PM ET

    SAN FRANCISCO, Oct 23- Google Inc said it is committed to spending $1 billion to lease office buildings over the next 13 to 14 years. Google did not say where the office buildings were located in its disclosure as part of its quarterly regulatory filing with the U.S. Securities and Exchange Commission on Thursday. Google, the world's No. 1 Internet search company, has...

  • Rajaratnam brother barred for 5 years in SEC deal Thursday, 23 Oct 2014 | 6:11 PM ET

    The Securities and Exchange Commission announced the settlement Thursday with Rengan Rajaratnam. The SEC filed related civil charges against Rengan Rajaratnam in March 2013. The prosecutors had alleged that Rengan Rajaratnam joined his brother to cheat in the stock market in 2008 on the securities of two technology companies.

  • NEW YORK, Oct 23- Rengan Rajaratnam, who was cleared of criminal insider trading charges following the conviction of his older brother, Galleon Group founder Raj Rajaratnam, has agreed to pay more than $841,000 to resolve civil claims by the U.S. Securities and Exchange Commission. The settlement was filed on Thursday by the SEC in New York federal court, three...

  • NEW YORK, Oct 23- Rengan Rajaratnam, who was cleared of criminal insider trading charges following the conviction of his older brother, Galleon Group founder Raj Rajaratnam, has agreed to pay more than $841,000 to resolve civil claims by the U.S. Securities and Exchange Commission. The settlement was filed on Thursday by the SEC in New York federal court, three...

  • Oct 22- Texas tycoon Sam Wyly, who filed for bankruptcy this week, is trying to exhaust his fortune through exorbitant spending to impede the U.S. Securities and Exchange Commission's collection of a $198.1 million fraud claim against him, the regulator told a U.S. judge on Wednesday. During a hearing in Dallas bankruptcy court, a lawyer for the SEC criticized...

  • Oct 22- JPMorgan Chase& Co executives in New York were aware of potential problems tied to its recruitment practices in China well before U.S. regulators launched a probe into the issue, the Wall Street Journal reported, citing sources and documents it reviewed. The U.S. Securities and Exchange Commission is examining the extent to which JPMorgan executives at...

  • WASHINGTON, Oct 22- U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then passing the mortgage risk to investors. The Securities and Exchange Commission approved the so-called "risk...

  • Rules on bank risk in mortgage bonds being adopted Wednesday, 22 Oct 2014 | 12:20 PM ET

    WASHINGTON— Federal regulators are proceeding with new rules that ease guidelines for banks selling mortgage securities and could mean fewer borrowers will need to make hefty down payments. The Securities and Exchange Commission voted 3-2 Wednesday to adopt the rules, which six federal agencies have been working on since 2011. The SEC'S two Republican...

  • Marcato Capital takes 6.5 percent stake in NCR Tuesday, 21 Oct 2014 | 3:53 PM ET

    Marcato Capital Management LP has taken a 6.5 percent stake in NCR Corp. and is pushing for changes at the maker of ATMs and self-service checkout machines. Marcato said in the filing with the U.S. Securities and Exchange Commission that after Monday's announcements it wants to take steps immediately to get McGuire on the board. Shares of NCR, which lost 21...

  • In a complaint filed in Manhattan federal court, Jordan Peixoto said the SEC "intentionally and strategically" singled him out by pursuing an administrative proceeding to force a settlement, rather than sue him in federal court. In a Sept. 30 complaint, the SEC alleged that Peixoto made $47,100 in December 2012 by trading illegally in Herbalife put options, after...

  • NEW YORK, Oct 20- A Toronto man accused by the U.S. Securities and Exchange Commission of insider trading related to Herbalife Ltd on Monday sued the federal regulator agency to stop it from pursuing its case. In a complaint filed in Manhattan federal court, Jordan Peixoto said the SEC's administrative proceeding against him deprives him of protections he would...

  • Goldman Sachs in talks to buy ETF provider: Sources Thursday, 16 Oct 2014 | 11:37 PM ET

    Goldman Sachs is in discussions to acquire IndexIQ, an exchange-traded fund provider, according to three sources familiar with the situation.

  • Oct 16- Goldman Sachs Group is in discussions to acquire IndexIQ, a Rye Brook, New York- based exchange-traded fund provider, according to three sources familiar with the situation. In September, Goldman sought permission from the U.S. Securities and Exchange Commission to introduce a series of actively managed ETFs 1/ 8 ID: nL2N0RN1N7 3/ 4. However, if Goldman were...

  • Firm paying $1M in SEC case on high-speed trading Thursday, 16 Oct 2014 | 2:35 PM ET

    The Securities and Exchange Commission also censured Athena Capital Research, which it said used a trading algorithm code-named "Gravy" to manipulate the closing prices of thousands of stocks on the Nasdaq market. Athena placed a large number of rapid trades in the final two seconds of nearly every trading day over six months, the SEC said Thursday.

  • The Securities and Exchange Commission said New York City- based Athena Capital Research has agreed to pay a $1 million penalty to settle the charges without admitting or denying them. The SEC said that the firm's algorithm, which was code-named "Gravy," was programmed to place a large number of aggressive trades in the final two seconds of nearly every trading...

  • The agency's approval, published in the Federal Register on Wednesday, ends years of controversy about the proposal, which was sparked by multibillion-dollar Ponzi schemes orchestrated by Bernard Madoff and R. Allen Stanford. Wall Street's industry-funded watchdog, the Financial Industry Regulatory Authority, had been pushing to put the so-called "...

  • WASHINGTON, Oct 15- The U.S. The Fed said it will meet on Oct. 22 to adopt the final version of the credit risk retention rule, a requirement of the 2010 Dodd-Frank law to reform Wall Street. The rule must also be adopted by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the Department of...

  • The SEC said Judy Wolf, then at Wells Fargo Advisors LLC, in 2010 closed an internal review of a Brazil- based broker's trading with no findings. The SEC said its staff spotted the alteration after Wells Fargo provided the document as part of the commission's investigation. "Regardless of her motivation, her conduct was inconsistent with what the SEC expects of...

  • Former Merck analyst faces insider trading charges Tuesday, 14 Oct 2014 | 11:14 AM ET
    A Merck sign in front of the company's building in Summit, New Jersey.

    A former Merck analyst has been charged by the SEC for tipping a contact on the company's takeover of Idenix Pharmaceuticals.