Government Agencies SEC

  • Donald "Jay" Lathen, Jr., who manages Eden Arc Capital Manager LLC, was charged with fraud after putting the patients' names on joint brokerage accounts, along with his own, so he could buy bonds for his fund and profit by selling them back to issuers when the patients died, according to a U.S. Securities and Exchange Commission complaint. The fund could not legally be a...

  • NEW YORK, Aug 15- Paulson& Co held its stake in SPDR Gold Trust unchanged in the second quarter of 2016 as bullion prices rose, but was mixed with its stakes in gold miners, filings with the U.S. Securities and Exchange Commission showed on Monday.

  • Aug 15- The U.S. Securities and Exchange Commission said on Monday it had halted trading in shares of Neuromama Ltd because of certain concerns including "potentially manipulative" transactions. The SEC also cited "the identity of the people in charge of the company", as well as the "accuracy and adequacy of information in the marketplace" as reasons for halting the...

  • NEW YORK, Aug 15- Soros Fund Management LLC sharply cut its shares in SPDR Gold Trust and Barrick Gold Corp in the second quarter of 2016, 13 F-HR filings with the U.S. Securities and Exchange Commission showed on Monday. The fund reduced its holdings in SPDR Gold Trust, the world's biggest gold exchange-traded fund, to 240,000 shares worth $30.4 million, from 1.05...

  • NEW YORK, Aug 15- CNO Financial Group reinsurance provider Beechwood Re sought on Monday to minimize damage from its links to Platinum Partners, the hedge fund manager embroiled in dual federal probes. New York- based Platinum is being investigated by the Department of Justice and the U.S. Securities and Exchange Commission. Beechwood said Monday that it was in...

  • NEW YORK, Aug 15- Jana Partners dissolved its share stake in the world's biggest gold exchange-traded fund in the second quarter of 2016 as bullion prices rose to two-year highs, U.S. Securities and Exchange Commission filings showed on Monday. The move came after Jana Partners, led by activist investor Barry Rosenstein, returned to gold in the first quarter...

  • Nasdaq's high-frequency deterrant

    CNBC's Bob Pisani reports on Nasdaq's new proposed order type to avoid high-speed trading.

  • BOSTON, Aug 12- One of Herbalife Ltd's largest investors sold more of the company's stock, just weeks after the U.S. government told the protein shake maker to reorganize its business, according to a filing with the U.S. Securities and Exchange Commission. In an SEC filing on Wednesday, Fidelity Investments, the second largest investor in Herbalife, said it had cut...

  • *Alibaba's Tsai says no update on SEC probe. BENGALURU/ BEIJING, Aug 11- China's Alibaba Group Holding Ltd posted its best revenue growth since before the e-commerce titan's listing in late 2014, lifting its shares to their highest level in a year. In the three months to June 30, Alibaba also made more money from mobile shopping than from PCs for the first time,...

  • *Alibaba's Tsai says no update on SEC probe. BENGALURU/ BEIJING, Aug 11- China's Alibaba Group Holding Ltd posted its best revenue growth since before the e-commerce titan's listing in late 2014, lifting its shares to their highest level in a year. In the three months to June 30, Alibaba also made more money from mobile shopping than from PCs for the first time,...

  • Joseph Papa, CEO of Valeant speaks with Jim Cramer on the set of Mad Money

    Valeant Pharmaceuticals reported quarterly earnings and revenue that fell short of analysts' expectations on Tuesday.

  • MOSCOW, Aug 5- Russia's biggest mobile phone operator MTS has sold its 50 percent stake in Uzbekistan telecommunications operator Universal Mobile Systems to its joint venture partner, it said on Friday. MTS has been under scrutiny from the U.S. Department of Justice and the Securities and Exchange Commission as part of a broader investigation into telecom...

  • WASHINGTON, Aug 4- The U.S. Securities and Exchange Commission on Thursday charged a cardiologist with insider trading on confidential developments as he worked on a clinical drug trial. The SEC alleged that Dr. Edward Kosinski of Weston, Connecticut, traded in advance of two negative news announcements by Regado Biosciences, which was pursuing a drug called...

  • DETROIT, Aug 2- Elon Musk and key institutional investors will probably tighten their control over electric car maker Tesla Motors Inc after it acquires sister company SolarCity Inc, a Reuters analysis shows. Reuters analyzed data provided by the companies, including filings with the U.S. Securities and Exchange Commission. Three of Musk's relatives,...

  • Aug 2- Pfizer Inc on Tuesday said it has reached a $486 million settlement of nationwide litigation relating to its Celebrex and Bextra pain-relieving drugs. The accord is subject to negotiation of a final settlement agreement and court approval, Pfizer said in a filing with the U.S. Securities and Exchange Commission. Pfizer said it has set aside enough...

  • Goldman received the subpoenas earlier this year from the U.S. Department of Justice and the Securities and Exchange Commission, the Journal reported, citing a person familiar with the matter. http://on.wsj.com/2axt8L8. The Department of Justice and the SEC declined to comment. 1 MDB, which was founded by Malaysian Prime Minister Najib Razak in 2009 shortly...

  • July 29- U.S. authorities have issued subpoenas to Goldman Sachs Group Inc for documents related to the bank's dealings with scandal-hit Malaysian state fund 1 MDB, the Wall Street Journal reported late on Friday. Goldman received the subpoenas earlier this year from the U.S. Department of Justice and the Securities and Exchange Commission, the Journal...

  • WASHINGTON, July 28- The U.S. Securities and Exchange Commission said on Thursday it had frozen the assets of the operator of a Utah- based Ponzi scheme that raised more than $207 million from investors worldwide, mainly in the United States, India and Russia. In a complaint filed in federal court in Salt Lake City on Tuesday, the SEC alleged that Traffic Monsoon LLC...

  • Many actively managed funds will now be able to list new ETF products without a separate filing with the SEC, effective immediately, the New York Stock Exchange said in a statement. "This is a big deal for the industry," said Jeremy Senderowicz, a securities lawyer and partner at Dechert LLP in New York, adding that the standards will reduce the uncertainty that...

  • Many actively managed funds will now be able to list new ETF products without a separate filing with the SEC, effective immediately, the New York Stock Exchange said in a statement. When a firm wants to launch a new kind of exchange-traded fund, it has to apply for "exemptive relief" from the SEC. The SEC has heightened scrutiny of ETFs after an irregular volatility...