Government Agencies SEC

  • "Disclosure is the foundation of federal securities laws, and public companies are required to disclose material events that shareholders should know about," Warner said in a letter to SEC Chairwoman Mary Jo White. Warner also asked the SEC to probe whether Yahoo has "made complete and accurate representations" about the security of its information technology...

  • Senator Mark Warner, Democrat from Virginia

    Sen. Mark Warner asks the SEC to investigate whether Yahoo fulfilled obligations to inform the public about a hacking attack.

  • An SEC investigation found that Merrill Lynch, Bank of America's retail securities brokerage, caused market disruptions on at least 15 occasions from late 2012 to mid-2014, the agency said in a statement. The SEC said Merrill's conduct violated the market access rule because the firm's internal controls for preventing erroneous trading orders were set at...

  • Sen. Warner: Serious concerns about Yahoo's truthfulness

    CNBC's Eamon Javers reports the latest on Senator Mark Warner asking U.S. Securities and Exchange Commission to investigate the Yahoo hack of 500 million accounts.

  • WASHINGTON, Sept 26- Democratic Senator Mark Warner on Monday asked the U.S. Securities and Exchange Commission to investigate whether Yahoo and its senior executives fulfilled obligations to inform investors and the public about a hacking attack affecting 500 million user accounts. "Disclosure is the foundation of federal securities laws, and public...

  • Sept 26- Bank of America Corp agreed to pay a $12.5 million fine to settle U.S. regulatory charges that its Merrill Lynch unit's controls failed to prevent erroneous trading orders, causing "mini-flash crashes" in companies' stocks. The U.S. Securities and Exchange Commission on Monday said the penalty is its largest for violating the Market Access Rule.

  • WASHINGTON, Sept 26- Democratic Senator Mark Warner on Monday asked the U.S. Securities and Exchange Commission to investigate whether Yahoo and its senior executives fulfilled obligations to inform investors and the public about a hack affecting 500 million user accounts.

  • The SEC filed papers on Friday in federal court in Albuquerque, New Mexico, saying it would drop three out of five remaining civil claims against Thornburg's former Chief Executive Officer Larry Goldstone and former Chief Financial Officer Clarence Simmons. The SEC also said it would no longer pursue a claim that the defendants defrauded investors by...

  • Sept 23- The city of Miami and the U.S. Securities and Exchange Commission reached a tentative settlement after a jury found the city liable for securities fraud in the sale of over $150 million in municipal debt in 2009.. Lawyers for the SEC and the city said in a Thursday court filing that the proposed settlement would allow both sides to avoid further...

  • Who turned on Cooperman?

    Was Leon Cooperman, CEO of Omega Advisors, turned in by his own son? Alexandra Stevenson, New York Times hedge fund reporter, discusses the details of what she calls Cooperman's "Shakespearean drama."

  • WASHINGTON, Sept 22- New U.S. rules intended to prevent runs on money market funds are already sending tremors through markets and sparking debates on Capitol Hill, even though they are still weeks away from coming fully online. Mutual funds face an Oct. 14 deadline to comply with Securities and Exchange Commission rules inspired by the 2007-09 financial crisis,...

  • SEC vs. Leon Cooperman

    CNBC's Kate Kelly reports on allegations billionaire Leon Cooperman learned inside information at Atlas Pipeline Partners.

  • NEW YORK, Sept 21- The latest insider trading charges by U.S. securities regulators placed an unwelcome spotlight on billionaire Leon Cooperman, the son of a Bronx plumber who rose to become one of the most gifted stock pickers of his generation. Earlier on Wednesday, the Securities and Exchange Commission charged Cooperman and his hedge fund firm, Omega...

  • NEW YORK, Sept 21- The top U.S. securities regulator on Wednesday charged billionaire investor Leon Cooperman with insider trading, making him the highest-profile target in years in Washington's ongoing crackdown on illegal trading at hedge funds. The U.S. Securities and Exchange Commission said Cooperman's trades earned roughly $4 million when his fund...

  • Criminal charges for hedge fund titan Cooperman?

    CNBC's Eamon Javers reports the latest details surrounding SEC's insider trading allegations against Omega Advisers CEO Leon Cooperman. James Kousouros, Kousouros Law Defense Attorney, discusses what's next for Cooperman if allegations hold true.

  • Leon Cooperman

    Billionaire investor Leon Cooperman on Wednesday told his investors he will fight the U.S. government's insider trading charges.

  • NEW YORK, Sept 21- The top U.S. securities regulator on Wednesday charged billionaire investor Leon Cooperman with insider trading, making him the highest-profile target in years in Washington's ongoing crackdown on illegal trading at hedge funds. The U.S. Securities and Exchange Commission said Cooperman's trades earned roughly $4 million when his fund...

  • SEC: Cooperman tried to cover up his insider trading

    CNBC's Kate Kelly reports the latest on the SEC's insider trading charges against Omega Advisers and Leon Cooperman.

  • Leon Cooperman

    The SEC announced it is pursuing insider trading charges Wednesday against billionaire hedge fund manager Leon Cooperman and his firm Omega Advisors.