Government Agencies SEC

  • Michael Johnson, chairman and chief executive officer of Herbalife Ltd.

    Herbalife also said it expects fourth-quarter earnings to come in "at the low end of guidance."

  • Jan 20- The U. S Securities and Exchange Commission asked Herbalife Ltd for documents and information related to the dietary supplements maker's compliance with anti-corruption laws in China, the company said on Friday. Hedge fund manager Bill Ackman, who had called Herbalife a pyramid scheme, said a couple of years back that the company was breaking...

  • The General Motors logo on the world headquarters building in Detroit.

    The SEC says GM did not properly assess the potential impact on its financial statements of a defective ignition switch.

  • The deal would resolve charges that accounting control failures at the automaker prevented GM from properly assessing the potential financial impact of the defective ignition switch, which led to vehicle recalls beginning in 2014, the SEC said. The largest U.S. automaker said in a statement it consented to an administrative SEC order, without admitting or...

  • GM settles with SEC for $1 million

    General Motors agrees to pay a $1 million fine to settle SEC accounting control failure charges connected to the ignition switch scandal. CNBC's Phil LeBeau reports.

  • DETROIT— General Motors will pay the federal government a $1 million civil penalty for violating accounting rules involving the company's deadly ignition switch scandal. The penalty, announced Wednesday as a settlement with the U.S. Securities and Exchange Commission, is for failing to have accounting controls in place to determine the potential for a...

  • WASHINGTON, Jan 18- Texas- based medical device company Orthofix International NV has admitted wrongdoing and agreed to pay more than $14 million to settle charges that it improperly booked revenue and paid off doctors in Brazil to boost sales, U.S. regulators said on Wednesday. The Securities and Exchange Commission said in a statement that Orthofix...

  • Jan 13- Citadel Securities, the market-making arm of billionaire hedge-fund manager Ken Griffin, has agreed to pay $22.6 million to settle charges that it misled customers about the way it priced trades, the U.S. Securities and Exchange Commission said on Friday. "This affected millions of retail orders," said Stephanie Avakian, the acting director of...

  • Bill Ackman, founder and chief executive officer of Pershing Square Capital Management LP

    Pershing said in a release on Tuesday it has agreed to pay $75,000 to resolve the matter.

  • WASHINGTON, Jan 17- Billionaire investor Bill Ackman's hedge fund paid $75,000 to settle civil "pay-to-play" charges with the Securities and Exchange Commission after running afoul of campaign contribution and money management rules. Pershing Square Capital Management, which invests roughly $11.6 billion for a number of state pension funds and wealthy...

  • Larry Fink

    Asset manager to pay fine to settle charges over forcing parting employees to sign agreements.

  • Pershing to pay $75,000 to settle pay-to-play case

    The SEC is charging 10 firms for violating the pay-to-play rule by accepting pension fund fees following campaign contributions. Among those listed is Pershing Square Capital Management. CNBC's Sue Herera reports.

  • "We removed the language at issue from our form separation agreement prior to being contacted by the SEC and there was no finding that this provision ever prevented an employee from communicating with the agency." The SEC in 2011 adopted rules designed to encourage people to come forward with tips about possible corporate wrongdoing. Since 2015, the SEC has...

  • The court will hear an appeal filed by investment adviser Charles Kokesh, who the SEC sued in 2009 for allegedly misappropriating money from several business-development company funds to pay for expenses such as salaries and bonuses. The case hinges on whether the SEC has time limits on seeking disgorgement of ill-gotten gains, a remedy the regulator often...

  • The SEC found that between 2007 and 2010, Citadel used two algorithms to execute stock trades on customers' behalf that often gave investors a worse price for their trades, even when Citadel knew better prices existed elsewhere. The SEC penalized Citadel for failing to disclose the use of those algorithms to clients. "This affected millions of retail orders,"...

  • WASHINGTON— The Supreme Court will decide whether venture capitalist Charles Kokesh has to return millions in investor dollars he used to pay himself and other advisers. The justices said Friday they will review lower court rulings that said Kokesh must pay the Securities and Exchange Commission $34.9 million in "ill-gotten gains" taken before his...

  • The Supreme Court in Washington.

    Supreme Court to hear case that has the potential to limit the SEC's powers to recover illegal profits reaped by fraud or other wrongdoing.

  • SANTIAGO, Jan 13- Chilean lithium and fertilizer giant SQM said on Friday it had agreed to pay more than $30 million in penalties to the U.S. Department of Justice and Securities and Exchange Commission to resolve a probe over alleged fake invoices. Meanwhile, SQM said it had agreed with the SEC to pay a penalty of $15 million, also over accounting violations.

  • Digital display signs on the exterior of the headquarters of Morgan Stanley in New York's Times Square.

    Morgan Stanley will settle civil charges on overbilling with the SEC for $13 million.

  • The SEC said that the billing errors at Morgan Stanley affected more than 149,000 clients. In addition, the SEC said that Morgan Stanley did not comply with custody rules, in which an independent accountant conducts an annual "surprise" exam to ensure asset managers are keeping their clients' money safe. For two consecutive years, the SEC said, Morgan Stanley did...