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Government Agencies SEC

  • April 18- The U.S. Securities and Exchange Commission on Tuesday suffered a rare loss before one of its own judges, who dismissed a case accusing an Atlanta real estate investor of insider trading. SEC Administrative Law Judge James Grimes found no evidence that Charles Hill gained $744,000 of illegal profit in shares of Radiant Systems Inc in 2011 after...

  • WASHINGTON, April 18- Conservative U.S. Supreme Court justices raised concerns on Tuesday about whether the Securities and Exchange Commission should be able to order defendants to fork over illegal profits reaped by misconduct that dates back more than five years. The ruling in the case involving New Mexico- based investment adviser Charles Kokesh, due by...

  • You want to save as much as possible for retirement. The financial services industry wants to make as much money off you as it can. Over time, though, higher fees can dramatically reduce the amount of money that investors accumulate for retirement, according to the Securities and Exchange Commission and other investor watchdogs, and significantly increase the...

  • Fink was awarded $25.5 million in compensation last year, compared with $25.8 million in 2015, based on a calculation of his pay according to U.S. Securities and Exchange Commission guidelines.

  • MONTPELIER, Vt.— A year after the owner and president of a Vermont ski resort were accused by the state and the U.S. Securities and Exchange Commission of massive fraud, a $150 million settlement has been reached with a financial institution, Republican Gov. The allegations against Raymond James included that an employee, at the direction of Quiros,...

  • The sources spoke anonymously because deliberations on candidates for the SEC, which is the primary regulator that polices and writes rules for Wall Street, are not public. Other names that are in the mix include Vermont Law School professor Jennifer Taub, the AFL-CIO's office of investment director Heather Slavkin Corzo and Andy Green, a managing director at...

  • The sources spoke anonymously because deliberations on candidates for the SEC, which is the primary regulator that polices and writes rules for Wall Street, are not public. Other names that are in the mix include Vermont Law School professor Jennifer Taub, the AFL-CIO's office of investment director Heather Slavkin Corzo and Andy Green, a managing director at...

  • Ramamurti is senior counsel to Warren on banking and economic policy and she is staunchly backing him for the SEC job, one of the sources told Reuters. The sources spoke anonymously because the deliberations over SEC candidates are not public. The SEC is the primary regulator that polices and writes rules for Wall Street.

  • WASHINGTON/ BOSTON April 12- Bharat R. Ramamurti, a legislative aide for Democratic Massachusetts Senator Elizabeth Warren, is a contender for one of the vacant commissioner jobs at the U.S. Securities and Exchange Commission, according to people familiar with the matter. Ramamurti currently serves as senior counsel to Warren on banking and economic policy,...

  • The Wall Street Journal reported that a KPMG employee received "improper advance warnings" of inspections and shared it with executives.

  • April 10- The U.S. Securities and Exchange Commission on Monday announced a crackdown on alleged stock promotion schemes in which writers were secretly paid to post hundreds of bullish articles about public companies on financial websites. The SEC said many writers used pseudonyms such as Equity Options Guru, The Swiss Trader, Trading Maven and Wonderful...

  • April 10- The U.S. Securities and Exchange Commission on Monday announced a crackdown against alleged stock promotion schemes in which writers were secretly paid to post hundreds of bullish articles about public companies on financial websites. According to the SEC, many writers used pseudonyms such as Equity Options Guru, The Swiss Trader, Trading Maven and...

  • Acting SEC Chairman Mike Piwowar, a Republican, said he has asked staff for a recommendation on how to proceed with the rule, which requires companies to disclose if their products contain certain minerals from a war-torn part of Africa. The move sparked backlash from SEC Democratic Commissioner Kara Stein, who accused Piwowar of acting beyond his authority to...

  • Acting SEC Chairman Mike Piwowar said he has asked staff for a recommendation on how to proceed with the rule, which requires companies to disclose if their products contain certain minerals from a war-torn part of Africa. In 2014, a U.S. appeals court struck down part of the conflict minerals law after the Business Roundtable, the U.S. Chamber of Commerce and the...

  • Acting SEC Chairman Mike Piwowar said he has asked staff for a recommendation on how to proceed with the rule, which requires companies to disclose if their products contain certain minerals from a war-torn part of Africa.

  • The SEC on Thursday said it won a court order freezing assets of Lawrence Cluff and Roger Shaoul, both of Richmond, after they generated more than $925,000 of gains on Mobileye shares and call options purchased in the month-and-a-half before the March 13 merger was announced. The SEC filed civil charges against Cluff and Shaoul nearly two weeks after charging...

  • Lee Cooperman

    The billionaire hedge fund manager read a statement from his attorneys, which said, "Mr. Cooperman did nothing wrong."

  • WASHINGTON, April 4- Kara Novaco Brockmeyer, the attorney at the U.S. Securities and Exchange Commission who oversees the unit that polices foreign bribery laws, plans to depart the SEC later this month, the regulator announced Tuesday. Brockmeyer, a 17- year veteran of the SEC, has led the Foreign Corrupt Practices Act unit since 2011.. Trump's pick to lead the SEC,...

  • WASHINGTON, April 4- The U.S. Senate Banking Committee voted on Tuesday to advance Jay Clayton's nomination as the next head of the U.S. Securities and Exchange Commission to the full Senate for approval. The committee voted 15 to 8, with some Democrats, including Massachusetts Senator Elizabeth Warren and Sherrod Brown of Ohio, voting against him.

  • LONDON/ NEW YORK, April 4- British hedge fund manager Alan Howard has raised more than $700 million from outside investors for a new fund that he will solely manage, two sources with knowledge of the matter told Reuters. The AH Fund seeks a minimum $50 million investment from each investor, documents filed with U.S. regulator the Securities and Exchange Commission...