Government Agencies SEC

  • But Herbalife's filings with the U.S. Securities and Exchange Commission painted a much less optimistic picture than its presentation to analysts and investors, according to a private investor who flagged the differences to the SEC this month. Handley, who is betting Herbalife's stock price will fall, told Reuters about his outreach to the SEC and provided a...

  • The actions, brought under an SEC initiative that encouraged municipal bond issuers to self-report certain violations, involved conduct that occurred between 2011 and 2014, the SEC said. All of the entities involved settled with the SEC without admitting or denying the SEC's findings, the agency said. The action covers a wide range of other issuers and...

  • AssetMark Inc of Concord, California, agreed to pay $500,000, the largest penalty among the 13 firms, the SEC said. The penalties are based on the fees each firm earned from F-Squared's flagship "AlphaSector" strategy, a customized model for allocating investors' assets in exchange-traded funds, stocks and bonds, the SEC said. In 2014, F-Squared admitted to...

  • In 2014, F-Squared admitted to wrongdoing and agreed to pay $35 million to settle SEC charges that it defrauded investors through false performance advertising. An SEC enforcement review of investment advisers found that the 13 firms repeated many of F-Squared's claims to customers, including that its flagship "AlphaSector" strategy for investing in...

  • CHICAGO, Aug 25- The warning is posted in fine print at the bottom of all mutual fund advertisements: "Past performance does not guarantee future results." The U.S. Securities and Exchange Commission requires it. Only 7.33 percent of domestic equity funds that were in the top quartile of performance in March 2014 were still there two years later.

  • NEW YORK, Aug 24- The number of prime money funds in the $2.7 trillion industry, which can invest in corporate debt in addition to government securities, is forecast to fall to 264 from 492 last August after new rules from the Securities and Exchange Commission go into effect on Oct. 14, research firm iMoneynet said on Wednesday. Government-only money funds are...

  • NEW YORK, Aug 24- The number of prime money funds in the $2.7 trillion industry, which can invest in corporate debt in addition to government securities, is forecast to fall to 264 from 492 last August after new rules from the Securities and Exchange Commission go into effect on Oct. 14, research firm iMoneynet said on Wednesday.

  • The actions, brought under an SEC initiative that encouraged municipal bond issuers to self-report certain violations, involved conduct that occurred between 2011 and 2014, the SEC said. All of the entities involved settled with the SEC without admitting or denying the SEC's findings, the agency said. The action covers a wide range of other issuers and...

  • Apollo had enhanced its disclosure and compliance related to the matters at issue "long before the SEC inquiry began," the spokesman added. Between at least 2011 and 2015, the SEC said that Apollo advisers did not adequately disclose benefits they received by speeding up the payment of fees paid to them by companies in the funds' portfolios when those companies...

  • The deal with the SEC, detailed in papers filed in Manhattan federal court, resolves a 2011 lawsuit accusing Mudd of misleading investors about Fannie's exposure to risky mortgages before the crisis. Mudd was one of six executives at mortgage funding giants Fannie Mae and Freddie Mac sued by the SEC. The SEC did not immediately respond to calls for comment.

  • The relatively small settlement, disclosed in papers filed in federal court in Manhattan, resolves a 2011 lawsuit by the SEC accusing Mudd of misleading investors about Fannie Mae's exposure to risky mortgages before the crisis. Mudd was the last of six executives at mortgage funding giants Fannie Mae and Freddie Mac sued by the SEC in 2011 to reach a...

  • The relatively small settlement, disclosed in papers filed in federal court in Manhattan, resolves a 2011 lawsuit by the SEC accusing Mudd of misleading investors about Fannie Mae's exposure to risky mortgages before the crisis. Mudd was the last of six executives at mortgage funding giants Fannie Mae and Freddie Mac sued by the SEC in 2011 to reach a...

  • FORMER FANNIE MAE CEO DANIEL MUDD SETTLES LAWSUIT BY U.S.

  • Prominent start-up Hampton Creek, maker of Just Mayo, faces scrutiny from regulators for its business practices, the NYT reports.

  • The ruling overturns a 2013 decision by SEC Chief Administrative Judge Brenda Murray, who found Feldman liable and ordered him to pay $4.7 million in penalties. Feldman was an optionsXpress Inc customer when he was charged by the SEC in 2012 for a so-called "naked short-selling" scheme. The SEC had accused Feldman of trading billions of dollars in options and...

  • Eric Ben-Artzi, a former Deutsche Bank risk officer, wrote in an opinion article in the Financial Times that the $55 million U.S. Securities and Exchange Commission penalty on which the award is based should have been paid by Deutsche's executives. "We brought all of the charges supported by the evidence and the law, which were unanimously approved by the...

  • A spokeswoman for the SEC declined to immediately comment. Last year, Deutsche Bank agreed to pay $55 million to the SEC to settle claims that it ran afoul of U.S. securities laws because of the bank's "inadequate internal accounting controls" related to the valuation of complex derivatives, the SEC had said. But the Deutsche executives went unpunished because of...

  • Edwin Chin, Goldman's former head trader for residential mortgage-backed securities, generated extra revenue for the company by concealing the prices at which it had bought such mortgages, the U.S. Securities and Exchange Commission said in a statement. The SEC said Chin also misled buyers by suggesting he was negotiating transactions between customers...

  • CFTC places restrictions on Steven Cohen

    CNBC's Kate Kelly reports that Point72's Steven Cohen has settled charges from the Commodity Futures Trading Commission.

  • Hain Celestial's shares dropped to $37.25 shortly after the opening bell on Tuesday, after closing at $53.40, wiping out about $1.65 billion of the company's market value. Jefferies analyst Akshay Jagdale said the issue would probably take several months to resolve, especially if the U.S. Securities and Exchange Commission became involved.