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Government Agencies SEC

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  • The Securities and Exchange Commission is scheduled to vote Wednesday to formally adopt the rule, which will compel public companies to disclose the ratio between their chief executives' annual compensation and median employee pay. Although a handful of U.S. companies currently disclose the ratio of CEO compensation to rank-and-file worker's pay, they...

  • NEW YORK— In a story Aug. 3, The Associated Press reported that the investment management company Pimco said the Securities and Exchange Commission may take legal action against its total return fund.

  • Aug 3- Pacific Investment Management Co said on Monday it may face U.S. Securities and Exchange Commission civil charges over an exchange-traded fund once managed by prominent bond investor Bill Gross. Pimco, a unit of Germany's Allianz SE, said it received a "Wells notice" from the SEC related to its Pimco Total Return Active Exchange-Traded Fund.

  • The investment management company said it received a Wells notice, which means SEC investigators are recommending that the agency take civil action against the company. Pimco said it will have an opportunity to demonstrate to the SEC why it believes its actions were appropriate and standard for its industry, and that regulators shouldn't take any action...

  • Frederick Alan Voight, 58, and his firm DayStar Funding LP agreed to pay civil penalties and return alleged illegal gains in sums to be set by a federal judge, the SEC said. The SEC said this included $13.8 million raised since October from at least 260 U.S. investors to fund InterCore's installation of its Driver Alertness Detection System, or DADS, technology in "...

  • NEW YORK, July 30- Exchange operator BATS Global Markets plans to put a rule in place that would allow it to crack down more promptly on manipulative trading behavior on its exchanges. BATS said on Thursday its "Client Suspension Rule," which requires approval from the U.S. Securities and Exchange Commission, would allow the company to halt manipulative conduct...

  • FTC probes Univ. of Phoenix over business practices Wednesday, 29 Jul 2015 | 6:10 PM ET
    A student walks to the main building of the University of Phoenix, part of Apollo Group Inc., in Phoenix, Arizona.

    The University of Phoenix, a popular online college, is under federal investigation for possible deceptive or unfair business practices.

  • WASHINGTON, July 29- Daniel Hawke, a 16- year veteran at the Securities and Exchange Commission who helped lead major high-profile enforcement cases against stock exchanges and brokerages, is planning to leave the agency in August, the SEC announced on Wednesday. Hawke, who heads the SEC enforcement division's market abuse unit, is a well-known figure among...

  • ZURICH, July 28- UBS said its provisions to deal with future legal tussles and regulatory run-ins stood at 2.368 billion Swiss francs in June and revealed a widening U.S. probe into bond funds sold by the Swiss bank's Puerto Rico arm. The bank said it is responding to inquiries from the Securities and Exchange Commission and the Financial Industry Regulatory...

  • LONDON, July 24- British spirits maker Diageo is under scrutiny in the United States, where the U.S. Securities and Exchange Commission has asked for information to see whether it shipped excess inventory to U.S. distributors, a practice known as "channel stuffing". A spokeswoman for Diageo, the world's biggest spirits company with brands including Smirnoff...

  • SEC investigating Smirnoff maker Diageo Thursday, 23 Jul 2015 | 4:56 PM ET
    An employee reaches for a case of Diageo's Smirnoff brand vodka at a distribution warehouse in Bolingbrook, Ill.

    The U.S. Securities and Exchange Commission is investigating Smirnoff maker Diageo over its distribution practices.

  • July 23- The U.S. Securities and Exchange Commission is investigating if liquor company Diageo Plc has been shipping excess inventory to distributors to boost its results, the Wall Street Journal reported, citing people familiar with the inquiry. The maker of Smirnoff vodka and Johnnie Walker whiskey confirmed that it had received an inquiry from the SEC...

  • July 23- The U.S. Securities and Exchange Commission is investigating if liquor company Diageo Plc has been shipping excess inventory to distributors to boost its results, the Wall Street Journal reported, citing people familiar with the inquiry.

  • July 23- Three former Oppenheimer& Co employees have agreed to pay civil fines and accept securities industry bans to settle U.S. Securities and Exchange Commission charges stemming from improper sales of billions of shares of penny stocks. The SEC said on Thursday the charges relate to Oppenheimer's agreement in January to pay $20 million and admit...

  • WASHINGTON, July 21- A top U.S. securities regulator on Tuesday blasted a proposed Labor Department rule that aims to make it harder for brokers who offer retirement advice from steering clients into higher-fee products, calling the plan "rampant nanny-statism." This week marked the closing of a public comment period on the plan, unveiled in April by the Labor...

  • Mutual funds fee fight Friday, 17 Jul 2015 | 4:15 PM ET
    Mutual funds fee fight

    Discussing news the SEC is investigating mutual fund fees and proper disclosure, with Marc Powers, Baker & Hostetler, and CNBC contributor Evan Newmark.

  • SEC probes mutual fund fees Friday, 17 Jul 2015 | 4:14 PM ET
    SEC probes mutual fund fees

    Are mutual funds properly disclosing fees to clients? CNBC's Eamon Javers has the details on the investigation by the SEC into payments made from mutual funds to brokerages.

  • WASHINGTON, July 14- Oz Management LP, an adviser for numerous Och-Ziff funds, has agreed to admit to wrongdoing and pay a $4.25 million penalty to settle civil charges that it provided inaccurate trade data to four prime brokers, U.S. regulators said on Tuesday.

  • WASHINGTON, July 13- A Brooklyn, New York man, who passed stock trading tips on napkins and Post-it notes at meetings in Grand Central Terminal before swallowing the evidence, has reached a civil settlement with the U.S. Securities and Exchange Commission. The SEC said on Monday Frank Tamayo was unlikely to owe a civil penalty after providing "extensive...

  • July 10- BlackRock Inc is calling for a series of reforms that both regulators and asset managers should consider to address concerns about liquidity in the fixed income market. The release of BlackRock's paper comes as the Securities and Exchange Commission is looking to tighten its supervision of what procedures asset managers have in place to deal with a...