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  • Many actively managed funds will now be able to list new ETF products without a separate filing with the SEC, effective immediately, the New York Stock Exchange said in a statement. "This is a big deal for the industry," said Jeremy Senderowicz, a securities lawyer and partner at Dechert LLP in New York, adding that the standards will reduce the uncertainty that...

  • Many actively managed funds will now be able to list new ETF products without a separate filing with the SEC, effective immediately, the New York Stock Exchange said in a statement. When a firm wants to launch a new kind of exchange-traded fund, it has to apply for "exemptive relief" from the SEC. The SEC has heightened scrutiny of ETFs after an irregular volatility...

  • District Judge Cynthia Rufe in Philadelphia after a federal jury in February found him guilty on charges of securities fraud and making a false statement. He was also ordered to pay $77,000 in restitution, which his lawyer, Robert Welsh, said will be considered satisfied once Sudfeld pays $91,747 plus interest to the U.S. Securities and Exchange Commission in a...

  • Trendon Shavers, who operated Bitcoin Savings and Trust, was also ordered by U.S. Shavers, a Prosper, Texas, resident who went by "pirateat40" online, was arrested in November 2014, two months after a federal judge in Texas ordered him to pay $40.7 million in a related U.S. Securities and Exchange Commission civil lawsuit. Prosecutors said from 2011 to 2012, Shavers,...

  • July 18- U.S. regulators are investigating whether Fiat Chrysler Automobiles NV had inflated vehicle sales figures, the company said Monday, following a lawsuit by Illinois dealers in January. The U.S. Securities and Exchange Commission and the Department of Justice are probing the way the Italian-American automaker reports vehicle sales to individuals,...

  • The Securities and Exchange Commission as well as the U.S. Department of Justice are conducting the investigation and the Italian-American automaker based in London is cooperating, according to a company statement.

  • The company confirmed Monday that it is cooperating with investigations by the Justice Department and the Securities and Exchange Commission. The group alleges that an FCA executive offered Napleton $20,000 to falsely report sales of 40 new vehicles. The SEC and Justice Department in Washington would not comment on the probe.

  • The death of the patient with a recurrent brain tumor was announced in a single bullet point in a series of slides as part of a filing with the U.S. Securities and Exchange Commission on Thursday. On Friday morning, the biotechnology company issued a statement saying it was still collecting and analyzing data on the third death, and had not reported it to the FDA.

  • The company, which was subpoenaed by the U.S. Department of Justice over its sales practices, has delayed filing its annual report as it is analyzing revenue from Africa and China for 2013, 2014 and 2015.. Alere said revised statements for these years are expected to be filed with the U.S. Securities and Exchange Commission in its upcoming annual report.

  • TEL AVIV, July 14- Teva Pharmaceutical Industries will raise between $20 billion and $25 billion next week to finance its $40 billion acquisition of Allergan Plc's generics business, the Globes financial news website said on Thursday. Israel- based Teva said in a filing with the U.S. Securities and Exchange Commission it would hold investor calls in the United...

  • WASHINGTON, July 13- The top U.S. securities regulator on Wednesday took another step toward tightening its oversight of security-based swaps by proposing new reporting requirements for transactions, nearly six years after Congress directed it to build a regulatory regime for the derivatives. "These provisions will result in increased transparency which...

  • WASHINGTON, July 13- U.S. broker-dealers would be required to post information for the first time on how they route large investors' trading orders under a rule proposed by the Securities and Exchange Commission on Wednesday. The SEC hopes the proposed changes would make it easier for investors to see possible conflicts of interest in how their brokers execute...

  • WASHINGTON, July 13- The top U.S. securities regulator on Wednesday took another step toward tightening its oversight of security-based swaps by proposing new reporting requirements for transactions, nearly six years after Congress directed it to build a regulatory regime for the derivatives. "These provisions will result in increased transparency which...

  • WASHINGTON, July 13- U.S. broker-dealers would have to, for the first time, post standardized information on how they route trading orders from large investors under a proposal that securities regulators unveiled on Wednesday. Through the proposal, the U.S. Securities and Exchange Commission hopes to make it easier for investors to see possible conflicts of...

  • WASHINGTON, July 13- The three members of the U.S. Securities and Exchange Commission on Wednesday unanimously approved changes to the agency's in-house trials, after receiving complaints that the proceedings put defendants who have allegedly violated rules in unfair positions.

  • WASHINGTON, July 13- The top U.S. securities regulator on Wednesday will try to answer complaints it stacks the deck against defendants at in-house trials by approving its first major revisions to the administrative proceedings in two decades. But the changes by the Securities and Exchange Commission may not silence critics. The 2010 Dodd-Frank Wall Street...

  • Bennett's civil case has drawn extra attention because the Chevy Chase, Maryland resident chose not to show up at her SEC hearing in January, part of her unusual strategy in challenging the regulator's use of in-house judges in enforcement cases. The SEC had accused Bennett of using her weekly program "Financial Myth Busting with Dawn Bennett" and other media...

  • DETROIT, July 11- The U.S. Securities and Exchange Commission is investigating whether Tesla Motors Inc waited too long to disclose a fatal crash in May that called into question the safety of a system in the car that takes control of steering and braking, the Wall Street Journal reported on Monday, citing an unnamed source. Tesla said in a statement on Monday...

  • Johnson Controls is the third company to publicly settle with the Justice Department under that agency's pilot program to encourage companies to report bribery violations, in return for reduced penalties. According to the SEC, from 2007 to 2013 roughly 19 workers at Johnson Controls' Chinese marine subsidiary used sham vendors to make roughly $4.9 million...

  • July 11- The U.S. Securities and Exchange Commission is investigating whether Tesla Motors Inc waited too long to disclose a fatal crash in May that called into question the safety of a system that takes control of the car's steering and braking, the Wall Street Journal reported on Monday, citing sources. Tesla said in a statement on Monday afternoon that it "has...