GO
Loading...

Regulations

More

  • CHEYENNE, Wyo.— An agreement between Wyoming environmental regulators, a gas developer and a bond surety company would put the surety company in charge of inventory and reclamation of as many as 143 small reservoirs containing groundwater from coal-bed methane wells. The deal between High Plains Gas, Fidelity and Deposit Company of Maryland and the Wyoming...

  • A lawyer for the Securities and Exchange Commission told an administrative judge in New York that the trader, Joseph Ruggieri, made more than $117,000 in profits for Wells Fargo by trading healthcare company stocks ahead of ratings changes by one of the bank's analysts. Paul Ryan, Ruggieri's lawyer, called the SEC's case circumstantial, and said the regulator...

  • SEC files fraud charges against Lynn Tilton, firms Monday, 30 Mar 2015 | 11:18 AM ET

    The SEC said Tilton and the firms have misled investors since 2003 and wrongly collected nearly $200 million in fees and other payments. The case will be heard before an administrative law judge at the SEC. The SEC action against Tilton represents an example of government regulators enforcing the fiduciary standard for investment advisers.

  • BEIJING, March 30- China has agreed to delay implementing new bank technology restrictions that Washington has complained represent unfair regulatory pressure on foreign firms, a senior U.S. China said this month work was ongoing on a draft anti-terrorism law that would require foreign companies to hand over encryption keys and otherwise facilitate...

  • WASHINGTON, March 30- U.S. regulators took aim at financier Lynn Tilton and her advisory business on Monday, saying she breached her fiduciary duty to investors by hiding the poor performance of loans underlying three collateralized loan obligations. The Securities and Exchange Commission said that Tilton and Patriarch Partners were able to collect almost...

  • March 30- GNC Holdings Inc said it restored certain dietary supplements to its stores in New York after reaching an agreement with the state's attorney general that its products complied with the Food and Drug Administration's guidelines. GNC also agreed to adopt stricter testing standards for herbal supplements that exceed FDA requirements, a first in the...

  • NEW YORK, March 30- Morgan Stanley has agreed to sell a compressed natural gas business that came under regulatory scrutiny shortly after its launch last year, according to a document obtained by Reuters and three people familiar with the matter. Two Morgan Stanley managers who were involved with Wentworth, Alberto Chiesara and Ryan Comerford, are leaving to...

  • Cook calls 'religious objection' laws dangerous Monday, 30 Mar 2015 | 7:40 AM ET

    NEW YORK— Apple CEO Tim Cook said that so-called "religious objection" legislation being introduced in a number of states is dangerous and bad for business. The bills, like the one enacted last week in Indiana, create a legal framework for individuals, mostly business owners, to claim that a law or regulation mandated by the government infringes on their religious...

  • BISMARCK, N.D.— A subsidiary of Exxon Mobil Corp. is asking state regulators to grant an exception to the amount of natural gas companies are permitted to burn off at 140 of its oil wells in Dunn and McKenzie counties. OneOK said the pipeline would have moved 40 million cubic feet per day to their Garden Creek gas plant in McKenzie County. The request will now be...

  • SHANGHAI/ ATHENS, March 28- The Greek government will sell its majority stake in the port of Piraeus within weeks, the country's deputy prime minister told China's official Xinhua news agency, a flip-flop from the leftist government as it seeks funds from its creditors. Cosco and other bidders "can make a very competitive offer," said Greek Deputy Prime Minister...

  • March 27- The United States Food and Drug Administration rejected Adamis Pharmaceuticals Corp's injection for treating severe allergic reactions, the company said. Adamis Pharmaceuticals shares were down 37 percent at $3.40 in after-market trading. The FDA raised questions related to the volume of dose delivered by the pre-filled syringe, Adamis said on...

  • More than a dozen senior insurance executives met Fed Governor Dan Tarullo on Feb. 6 to pitch a two-step process for launching nationwide insurance rules, according to records of the meeting by Dirk Kempthorne, who heads the American Council of Life Insurers, an industry group. Tarullo, the Fed's top Wall Street regulator, did not indicate whether he was open to...

  • Ahead of the Bell: Orexigen shares rise Friday, 27 Mar 2015 | 8:25 AM ET

    NEW YORK— The approval of a weight-loss drug by European regulators sent shares of Orexigen Therapeutics soaring 12 percent before the opening bell Friday. The drug competes with Belviq, made by Arena Pharmaceuticals Inc., and Qsymia, made by Vivus Inc.. Shares of Orexigen Therapeutics Inc., based in San Diego, rose 90 cents to $8.15 in premarket trading.

  • Indian companies scramble to find women directors Friday, 27 Mar 2015 | 7:21 AM ET

    India's market regulator, the Securities and Exchange Board of India, has set a final deadline of April 1 for all of the country's listed companies to name at least one female director. Mukesh Ambani, the second richest Indian who heads the petrochemicals to telecoms conglomerate Reliance Industries Ltd., appointed his wife Nita Ambani to the company's board.

  • March 26- A former LPL Financial LLC broker who borrowed nearly $2.3 million from clients to build a vacation rental property in Hawaii has been permanently barred from the securities industry in a settlement reached with Wall Street's watchdog. Raymond Daniel Schmidt, who was affiliated with the unit of LPL Financial Holdings Inc in Oceanside, California,...

  • Project sponsor Mines Management Inc. of Spokane, Washington, rejected the group's compensation figure during court-ordered settlement talks on Wednesday. Mines Management chief executive Glenn Dobbs says the agency's announcement marks a major step forward. "It's the culmination of 10 years of very hard work by good people at the U.S. Forest Service and...

  • NEW YORK, March 26- A U.S. judge on Thursday refused to dismiss antitrust litigation accusing a variety of Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply. District Judge Katherine Forrest in Manhattan said metals purchasers may pursue claims against affiliates of Goldman Sachs Group Inc, JPMorgan Chase&...

  • Nevada casino regulators scold Caesars for bankruptcy Thursday, 26 Mar 2015 | 6:02 PM ET

    LAS VEGAS— Nevada gambling regulators called the bankruptcy of Caesars Entertainment Corp.' s debt-heavy subsidiary an embarrassment and lamented the company's inability to pay 63 former executives some $33 million in promised pension payments. The Nevada Gaming Commission pressed Caesars executives Thursday about the company's overall bankruptcy...

  • March 26- Google Inc said it would pay its new Chief Financial Officer, Ruth Porat, an annual base salary of $650,000 and a special one-time $5 million sign-on bonus. Porat, who will join Google on May 26, will also get a new hire grant of $25 million through restricted stock units and a $40 million biennial grant in 2016, the company said in a regulatory filing on...

  • American Apparel discloses SEC probe tied to former CEO Thursday, 26 Mar 2015 | 5:22 PM ET

    NEW YORK— American Apparel says the Securities and Exchange Commission is investigating unspecified matters tied to its former CEO, Dov Charney. The Los Angeles- based clothing retailer said in a regulatory filing Wednesday that the SEC investigation has to do with "matters arising from" a review of Charney by the company's board that led to Charney's firing in...