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  • Dennis Hamilton, a former vice president of tax at Harman, was charged in a criminal complaint filed in New Haven, Connecticut, with securities fraud in connection with trades in the company's stock that prosecutors said netted him over $130,000. The U.S. Securities and Exchange Commission brought a related civil action over the non-public information that...

  • Dennis Hamilton, a vice president of tax at Harman, was charged in a criminal complaint filed in New Haven, Connecticut, with securities fraud in connection with trades in the company's stock that prosecutors said netted him over $130,000. The U.S. Securities and Exchange Commission filed a related civil lawsuit over the non-public information that the agency...

  • Feb 5- BlueCrest Capital Management, the hedge fund firm founded by billionaire Michael Platt, is being investigated by a U.S. financial regulator over possible conflicts posed by an internal fund that manages the money of its partners, Bloomberg reported. The Securities and Exchange Commission started the investigation last year, Bloomberg said on Friday,...

  • Uber

    Just how much are some investors are willing to give up to gain a piece of the hottest start-up? The New York Times reports.

  • Feb 4- The chief executive officer of LAN Airlines will pay a $75,000 fine to settle charges that he authorized improper payments to Argentina union officials to persuade them to ease their demands in a labor dispute, the U.S. Securities and Exchange Commission said on Thursday. According to the SEC, Cueto authorized wiring $1.15 million to a Virginia brokerage...

  • Dawn Bennett, chief executive officer of Bennett Group Financial Services LLC., in Washington, DC, and her lawyers have skipped the proceeding, which began last Wednesday and ends on Monday, following testimony from a final SEC witness. The SEC filed civil charges against Bennett last year alleging that she used her paid radio program to grossly inflate the...

  • WASHINGTON, Jan 31- Barclays and Credit Suisse are poised to settle federal and state charges that they misled investors in their dark pools, with Barclays admitting it broke the law and agreeing to pay $70 million, federal and New York state officials said on Sunday. Of that, Barclays will pay a $70 million fine split evenly between the SEC and New York state, admit...

  • WASHINGTON— Two major global banks, Barclays and Credit Suisse, are paying a combined $154.3 million to settle government investigations that they misled clients about being able to safely trade on their "dark pool" financial exchanges, the Securities and Exchange Commission and the New York Attorney General's office said Sunday. The banks left their...

  • WASHINGTON, Jan 29- Democratic U.S. Senator Elizabeth Warren released on Friday a report criticizing what she called "shockingly weak" punishments for corporate crimes and condemned the Justice Department and Securities and Exchange Commission for their lax approach. Warren, a favorite among progressives, criticized the Justice Department and federal law...

  • Warren Buffett has gifted $32M in stock since July Thursday, 28 Jan 2016 | 11:13 AM ET

    OMAHA, Neb.— Billionaire Warren Buffett has given unnamed individuals and charities more than $32 million worth of Berkshire Hathaway stock since late July. The gifts, disclosed in documents filed with the Securities and Exchange Commission this week, are a relatively small part of Buffett's plan to give most of his $58.3 billion fortune to charity.

  • Ex-Fannie Mae CEO urges U.S. judge to toss SEC fraud case Wednesday, 27 Jan 2016 | 3:59 PM ET

    The SEC sued Mudd, who ran Fannie Mae from 2005 until the seizure, and two colleagues in December 2011, on the same day it filed a similar lawsuit against former Freddie Mac Chief Executive Richard Syron and two of his colleagues. Richard Hong, an SEC lawyer, urged Crotty to let Mudd's case go to trial, saying Mudd knew Fannie Mae was using an overly narrow definition of...

  • District Judge Paul Crotty to dismiss civil fraud charges brought four years ago against ex- Fannie Mae CEO Daniel Mudd. He said no evidence supported charges that Mudd understated the level of high-risk subprime mortgages that Fannie Mae held. The SEC accused Mudd of misleading Congress and investors in reports, speeches and testimony.

  • NEW YORK, Jan 25- U.S. securities regulators said on Monday they would not oppose making a rare settlement refund of $21.5 million to hedge fund Level Global Investors LP after a federal appeals court's ruling that made pursuing insider trading cases tougher. The U.S. Securities and Exchange Commission's position was laid out in a letter filed in federal court...

  • Miller neither admitted nor denied wrongdoing in agreeing to settle the lawsuit, which the SEC filed in March. To hide the scheme, the SEC said Miller from 2010 until his resignation in July 2013 falsified business records, evading a requirement that he and Polycom disclose to investors such perquisites. His spending included more than $80,000 for personal...

  • What’s selling—and why—with US gun owners? Thursday, 21 Jan 2016 | 12:11 PM ET
    A woman tries out a rifle at the 2016 National Shooting Sports Foundation's Shooting, Hunting, Outdoor Trade Show on Jan. 19, 2016, in Las Vegas.

    Gun sales have never been hotter in the United States. But what are people buying?

  • Lockheed releases stand-alone financial data for Sikorsky Wednesday, 20 Jan 2016 | 9:41 PM ET

    WASHINGTON, Jan 20- Lockheed Martin Corp released data on Wednesday for Sikorsky Aircraft that showed the company it acquired from United Technologies Corp for $9 billion in November generated a net profit in the first three quarters of 2015.. Lockheed told the U.S. Securities and Exchange Commission in an amended filing that if Sikorsky had been a...

  • An SEC investigation found that the mortgage servicer told investors that it had obtained an independent valuation of the mortgage assets using Generally Accepted Accounting Principles, or GAAP, the accounting rules used in the United States. The valuation, however, was not independent, but performed by an affiliate to which Ocwen had sold the right to...

  • Buffett expands oil bet, buys more Phillips 66 Thursday, 14 Jan 2016 | 5:03 PM ET

    From Jan. 4 to Jan. 11, Berkshire Hathaway Inc, which Buffett has run since 1965, paid about $390 million for an additional 5.1 million shares of Phillips 66, according to filings with the U.S. Securities and Exchange Commission. Phillips 66 shares closed up $4.03, or 5.4 percent, at $79.28 on the New York Stock Exchange. Berkshire began quietly rebuilding its stake...

  • Goldman made improper representations to customers who requested that the firm locate certain stocks for short selling, the SEC said. Goldman, however, had not performed an adequate review of the securities customers had asked it to locate, the SEC said. "We are pleased to have resolved this matter with the SEC," A Goldman Sachs spokeswoman said.

  • Goldman made improper representations to customers who requested that the firm locate certain stocks for short selling, the SEC said. Goldman, however, had not performed an adequate review of the securities customers had asked it to locate, the SEC said. "We are pleased to have resolved this matter with the SEC," A Goldman Sachs spokeswoman said.