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Government Agencies SEC

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  • 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...

  • 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...

  • NEW YORK, July 9- Officials from the U.S. Securities and Exchange Commission met with top executives of the New York Stock Exchange on Thursday to learn more about what caused Wednesday's nearly four hour trading halt on the exchange, the regulator said. "At the direction of Chair Mary Jo White, Director of Trading and Markets Steve Luparello is meeting with senior...

  • SEC probes sale of hot private tech shares: Report Monday, 6 Jul 2015 | 1:35 PM ET
    SEC Securities and Exchange Commission

    The SEC is investigating whether investors are improperly selling shares of privately held technology companies, according to a report.

  • They also agreed to wind down their AlphaBridge Fixed Income Master Fund and two similarly named "feeder funds," which were all launched in 2001, and Carino accepted a three-year ban from the securities industry, the SEC said. Instead, the SEC said the defendants by 2010 were generating those valuations themselves, and encouraging broker-dealers to pass them...

  • District Judge Ronnie Abrams in Manhattan dismissed Tilton's lawsuit against the SEC, saying the head of Patriarch Partners lacked power to stop the agency from pursuing its case against her and her private equity firm in its in-house court. The judge said Congress designated the SEC and then a federal appeals court as the "exclusive avenue of review" of an...

  • The SEC said Goldman sent about 16,000 mispriced options orders to various exchanges on Aug. 20, 2013, leading to about 1.5 million options contracts, representing 150 million shares, being executed within minutes after the market opened. "Firms that have market access need to have proper controls in place to prevent technological errors from impacting...

  • WASHINGTON, June 29- Private equity giant Kohlberg Kravis Roberts& Co. will pay nearly $30 million to settle civil charges that it misallocated more than $17 million in expenses and breached its fiduciary duty to clients, U.S. regulators said. The settlement marks the most high-profile case brought by the Securities and Exchange Commission to date against a...