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  • The SEC has questioned Valeant's practice of stripping away acquisition-related expenses from its "non-GAAP" or adjusted metrics, given that the drugmaker had been fueling growth through frenzied deal making. In multiple letters, the SEC said Valeant's management is in possession of all the facts and urged for adequate and accurate financial disclosures.

  • Integrated Device shares soared more than 23 percent on April 12 after an SEC filing falsely said that Aly and six Chinese investors had acquired 5.1 percent of its stock and offered to buy the whole company for $4.3 billion, a nearly 65 percent premium. The SEC said Aly had paid $18,500 for Integrated Device call options, a bet the stock price would rise, at...

  • May 24- The U.S. Securities and Exchange Commission on Tuesday said it has charged a Pakistani man who illegally traded in Integrated Device Technology Inc stock options in connection with a bogus takeover bid for the chipmaker last month.

  • The SEC has questioned Valeant's practice of stripping away acquisition-related expenses from its "non-GAAP" or adjusted metrics, given that the drugmaker had been fueling growth through frenzied deal making. In multiple letters, the SEC said Valeant's management is in possession of all the facts, and urged for adequate and accurate financial disclosures.

  • The statements by Mary Jo White, chair of the Securities and Exchange Commission, were the frankest warning yet that the agency could tighten regulation of the funds. They now have a total of $2 trillion in net assets, according to the Investment Company Institute, a trade group. In addition, the SEC's staff has analyzed the 2010 "Flash Crash" and the wild market...

  • Elon Musk

    A litigator says the SEC to look into Goldman Sachs' upgrade of Tesla stock preceding its stock offering launch.

  • WASHINGTON, May 19- The U.S. Senate Banking Committee on Thursday voted to approve nominees to fill the two vacant spots on the Securities and Exchange Commission, according to the highest ranking Democrat on the committee. The nominations of Democrat Lisa Fairfax and Republican Hester Peirce will now go to the full Senate for a vote. The SEC has faced mounting...

  • SEC: Mickelson profited from trading Dean Foods

    CNBC's Carl Quintanilla reports the SEC has named Phil Mickelson as a so-called "relief defendant" in a civil lawsuit against Former Dean Foods Chairman Thomas Davis and gambler William "Billy" Walters.

  • NEW YORK, May 18- William Strong has left Mason Hill Advisors, the hedge fund firm he founded in 1986, according to a filing with the U.S. Securities and Exchange Commission. Mason Hill is best known for its Equinox Partners hedge funds, which invest in securities from around the world. Mason Hill managed $968.3 million in assets as of Dec. 31, according to the SEC...

  • Sometimes called side-by-side management, the practice of having the same managers running mutual funds as well as hedge funds has attracted concern over potential conflicts of interest, as well as increased scrutiny and regulation from the Securities and Exchange Commission. As part of an effort to address this and other concerns, the SEC in 2005 put in...

  • SAO PAULO, May 18- Shares in Centrais Elétricas Brasileiras SA fell for a third straight day on Wednesday, reflecting concern over a potential government rescue of Brazil's state-controlled power holding company and an expected delisting of its New York- traded stock. Eletrobras has underperformed other shares in the Sao Paulo Stock Exchange in recent days,...

  • Federal Reserve Bank of New York

    The central bank of Bangladesh was under attack by more than one group at the time thieves stole $81 million from its account at the New York Fed.

  • WASHINGTON, May 17- Cyber security is the biggest risk facing the financial system, the chair of the U.S. Securities and Exchange Commission said on Tuesday. The SEC, which oversees U.S. securities markets, said some major exchanges, dark pools and clearing houses did not have cyber policies in place that matched the sort of risks they faced. "What we found, as a general...

  • May 16- The U.S. Department of Justice has opened an investigation of Lending Club Corp, the online lender whose chief executive, Renaud Laplanche, was forced out last week after an internal probe found the company had falsified documentation when selling a package of loans. The company also said in a quarterly filing with the Securities and Exchange Commission...

  • May 16- Lending Club Corp said on Monday it received a subpoena from the U.S. Department of Justice last week following the resignation of Chief Executive Renaud Laplanche. The company, which is by far the largest of the so-called marketplace lenders, said it had also reached out to the Securities and Exchange Commission and plans to co-operate with the Justice...

  • District Judge Jed Rakoff in Manhattan ordered ex- Euro Pacific Capital Inc brokers Daryl Payton and Benjamin Durant to pay $546,459 and $1.36 million, respectively, following a trial in a lawsuit by the U.S. Securities and Exchange Commission. But Rakoff declined to adopt even steeper penalties sought by the SEC, which asked to have Payton pay $1.03 million and...

  • WASHINGTON, May 16- The U.S. Securities and Exchange Commission and Treasury Department are weighing having brokers and dealers report Treasury cash transactions to a single database as they try to get a full view of a highly liquid market that has grown increasingly volatile in recent years. According to a statement from the SEC released on Monday, the...

  • WASHINGTON, May 16- The U.S. Securities and Exchange Commission and Treasury Department are looking into having brokers and dealers report Treasury cash transactions to a database that would be run by the Financial Industry Regulatory Authority, a self-regulator.

  • SAO PAULO, May 16- Centrais Elétricas Brasileiras SA, Brazil's state-controlled electricity holding company, said on Monday it has no clauses requiring early debt repayment in case of failure to comply with U.S. Securities and Exchange Commission filings. Eletrobras, as the company is known, said during a conference call with investors and analysts that it...

  • Ten defendants, including three hackers and seven traders, have been criminally charged by federal prosecutors in New Jersey and Brooklyn. More than 40 individuals and entities were also charged civilly by the U.S. Securities and Exchange Commission. Attorney Paul Fishman in New Jersey said.