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Government Agencies SEC

  • WASHINGTON, June 7- The U.S. Securities and Exchange Commission is poised to hire Dalia Blass to lead the division that regulates asset managers, according to a person familiar with the matter. Blass, an attorney at Ropes& Gray LLP, is an SEC alumnus who previously worked in the Investment Management division that she is being tapped to lead. It is currently being led...

  • NEW YORK, June 7- The U.S. Securities and Exchange Commission will take up to another 60 days to decide whether to allow the sale of the Chicago Stock Exchange to a group of investors led by China- based Chongqing Casin Enterprise Group. The Committee on Foreign Investment in the United States, which scrutinizes deals for potential national security concerns,...

  • Leon Cooperman, CEO of Omega Advisors.

    Leon Cooperman, CEO of Omega Advisors, discusses details on the record, in an exclusive interview since settling insider trading charges with the U.S. Securities and Exchange Commission for $4.9 million.

  • Clayton worked with Peikin at Sullivan& Cromwell, noted for its representation of financial institutions, until the former left to become SEC chair. A former federal prosecutor turned white-collar defense attorney, Peikin has represented major banks at Sullivan& Cromwell and would have to follow SEC recusal rules involving law firm clients.

  • NEW YORK, May 25- BlackRock Inc will initially pay about $60 per square foot in rent for its future headquarters in the Hudson Yards district on the far west side of midtown Manhattan, the company said in a filing on Thursday. The company said in the filing with the U.S. Securities and Exchange Commission that it will pay $50.8 million per year in the first five years,...

  • "Whether or not you are regulated by the SEC, you still have fiduciary duties to your investors," said Valerie Szczepanik, the head of the SEC's distributed ledger group. The SEC official, who is also an assistant director of the commission's division of enforcement, spoke at a panel discussion at the Consensus blockchain conference in New York.

  • In an order dated May 22, Wall Street's top regulator said it would suspend any cases in which a defendant will have an option to appeal a case before the Tenth Circuit Court of Appeals, which covers the states of Colorado, Kansas, New Mexico, Oklahoma, Utah and Wyoming. The SEC's order comes after that same appeals court earlier this month declined to reconsider the...

  • WASHINGTON, May 23- The U.S. Securities and Exchange Commission has suspended some of its pending in-house court cases, after a Denver- based federal appeals court found the agency had violated the Constitution in how it hired its administrative law judges. In an order dated May 22, the SEC said it would suspend any cases in which a defendant will have an option to...

  • The reforms to the U.S. Commodity Futures Trading Commission's whistleblower program are similar to provisions already in place at its sister agency, the Securities and Exchange Commission. Both the SEC and the CFTC won broad new powers from the 2010 Dodd-Frank law to create programs that provide financial incentives for whistleblowers to come forward...

  • Leon Cooperman

    Leon Cooperman's Omega Advisors has settled with the U.S. Securities and Exchange Commission for $4.9 million.

  • WASHINGTON/ NEW YORK, May 16- The U.S. Securities and Exchange Commission is putting on hold a recent decision to approve an exchange-traded fund that promises four times the daily price moves of S&P 500 futures contracts, according to people familiar with the matter. In most circumstances, a decision by the SEC staff stands as final, but in some cases the...

  • May 16- The U.S. Securities and Exchange Commission put on hold its initial approval of a risky exchange-traded fund that promises four times the daily price moves of S&P 500 futures contracts, the Wall Street Journal reported, citing people familiar with the matter. The earlier approval, given by the SEC's staff, has been reconsidered due to which the...

  • May 16- ValueAct Capital Management trimmed its stake in Morgan Stanley by 9 million shares during the first quarter, according to a U.S. regulatory filing. That brings the hedge fund's total number of shares in Morgan Stanley down to 17.8 million, according to the filing on Monday with the Securities and Exchange Commission. ValueAct founder Jeff Ubben said in...

  • NEW YORK, May 15- Paulson& Co held its shares unchanged in the world's biggest gold exchange-traded fund in the first quarter of 2017, when gold prices rallied nearly 10 percent, a 13 F filing with the U.S. Securities and Exchange Commission showed on Monday. New York- based Paulson& Co, led by longtime gold bull John Paulson, held its stake in SPDR Gold Trust steady at...

  • NEW YORK/ BOSTON, May 15- Following are some of the hot stocks and sectors in which hedge fund managers either took new positions or exited existing positions in the first quarter. The moves were revealed in quarterly disclosures of manager stock holdings, known as 13 F filings, with the U.S. Securities and Exchange Commission. Suvretta Capital Management took a...

  • The SEC said James Im and Kee Chan fraudulently generated more than $750,000 of profit beginning in 2010 by having on numerous occasions "deliberately misled and lied to customers" whose trades they handled. The SEC said Im, 40, of Tarrytown, New York, has not settled its civil case, and invoked his constitutional right against self-incrimination when...

  • Ruth Porat

    New rules could distort the way companies like Alphabet, Intel, IBM and Salesforce report their earnings, The New York Times reports.

  • The U.S. Securities and Exchange Commission said former managing directors James Im and Kee Chan fraudulently generated more than $750,000 of profit by having "deliberately misled and lied to customers" whose trades they handled, on numerous occasions beginning in 2010.. The SEC said Im has not settled its civil case, and asserted his constitutional right...

  • The moves by Suvretta Capital Management and activist investor Jeff Smiths Starboard Value were revealed in quarterly disclosures of manager stock holdings, known as 13 F filings, with the U.S. Securities and Exchange Commission. Suvretta Capital Management took a new position, buying 539,950 shares. Farallon Capital took a new position, buying 2.58 million...

  • The U.S. Securities and Exchange Commission said Kee Chan, a former Nomura managing director, "deliberately misled and lied to customers" on numerous occasions from 2010 to March 2012, including by making up "colorful but entirely fictitious exchanges" with customers on the other side of the trades. Chan, 46, of Manhasset, New York, generated hundreds of thousands...