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  • State Street says SEC may file charges Thursday, 18 Jun 2015 | 5:39 PM ET

    June 18- State Street Corp said it may face enforcement action by the U.S. Securities and Exchange Commission following investigations related to solicitation of asset servicing business for public retirement plans. State Street said on Thursday it received a' Wells Notice' from the SEC specifically relating to the company's relationships with clients in...

  • Andrew Ceresney, head of the SEC's enforcement division, said the firms represented about 70 percent of the dollar value of all municipal bonds issued in the United States during the four years ended on Sept. 30. Among the firms charged include units of banks such as Bank of America Merrill Lynch, BNY Mellon, Goldman Sachs, Citigroup, JP Morgan, Royal Bank of Canada...

  • WASHINGTON, June 18- Brokerages that have branched into selling traditional banking products will face increased scrutiny for compliance with anti-money laundering rules, a U.S. regulator said on Thursday. Kevin Goodman, a director at the Securities and Exchange Commission who oversees the brokerage exam program, said in prepared remarks in New York that...

  • Both Montana and Massachusetts are suing the SEC after the agency voted in March to greatly scale back states' rights to police Regulation A deals before they are sold to the public. As part of that effort, Montana had asked the SEC to stay the rule until a federal appeals court could decide the merits of the case. In 2012, Congress required the SEC to boost the...

  • WASHINGTON, June 17- The U.S. Securities and Exchange Commission said on Wednesday it had settled with Sand Hill Exchange for alleged illegal offerings of derivatives to retail investors. Sand Hill sold security-based swaps outside of a national securities exchange and without required registration statements, violating requirements of the Dodd-Frank...

  • WASHINGTON, June 17- The U.S. Labor Department secretary will try to persuade skeptical Republican lawmakers on Wednesday that new draft rules to rein in conflicts posed by brokers who offer retirement advice reflect "the right middle ground in providing greater consumer protection." In addition, the industry wants the Securities and Exchange Commission to...

  • Is Elizabeth Warren wrong about SEC? Friday, 12 Jun 2015 | 6:44 AM ET
    Is Elizabeth Warren wrong about SEC?

    Hal Scott, Harvard law professor, shares his thoughts on Mary Jo White's leadership at the U.S. Securities and Exchange Commission. I'd grade her performance an A+, says Scott. Also Scott weighs in on Elizabeth Warren's "tendency to make personal attacks."

  • WASHINGTON, June 11- Two top officials at the U.S. Securities and Exchange Commission called on the regulator on Thursday to update stale rules governing back-office businesses that keep track of stocks as they change hands and of the issuance of shares. The commission had not significantly revised the rules for the operations known as transfer agents in...

  • In an unusual hearing before a standing room-only audience, trial lawyers for the U.S. Securities and Exchange Commission sought to convince the regulator's commissioners of the legality of SEC administrative proceedings. The case involved Timbervest LLC, which was seeking to overturn an August decision by SEC Administrative Law Judge Cameron Elliot...

  • The company expects its plan to spin off 235 Sears and Kmart stores into a real estate investment trust to be approved by the Securities and Exchange Commission this week, paving the way for a rights offering to sell shares in the REIT to existing shareholders on Friday. That deal, if accomplished, should buy Sears time to pursue a revival strategy that involves a...

  • WASHINGTON, June 5- A group of investment managers and their firm have called into question the impartiality of a U.S. Securities and Exchange Commission judge who oversaw a case against them, leading the regulator to ask the judge if their concern is valid. Timbervest LLC, a Georgia- based investment firm, and its executives, have appealed a decision by Elliot made...

  • SEC probes activist collusion: Report Friday, 5 Jun 2015 | 6:45 AM ET
    SEC probes activist collusion: Report

    The Wall Street Journal reports the SEC wants to know if security rules were violated and sent requests to a number of hedge funds.

  • June 4- The U.S. Securities and Exchange Commission is investigating whether some activist investors secretly acted jointly to target companies, one hedge fund industry source said. The SEC's enforcement division recently opened multiple investigations and sent requests for information to a number of hedge funds, The Wall Street Journal reported earlier,...

  • NEW YORK, June 4- The U.S. Securities and Exchange Commission is investigating allegations that Andrew Liveris, chairman and chief executive officer of industrial giant Dow Chemical Co, misused company funds for personal benefit, according to people familiar with the matter. It is not clear whether the SEC investigation is limited to the spending allegations...

  • Activist investors work together? SEC wants to know Thursday, 4 Jun 2015 | 6:14 PM ET
    SEC Securities and Exchange Commission

    The SEC is reportedly probing whether funds run by some activist investors worked together without disclosing their partnerships.

  • June 4- The U.S. Securities and Exchange Commission is investigating whether some activist investors teamed up to target companies without disclosing their alliances, the Wall Street Journal said. The SEC's enforcement division has recently opened multiple investigations and sent requests for information to a number of hedge funds, the Journal said,...

  • The U.S. Securities and Exchange Commission sued Nedko Nedev, 37, of Sofia, Bulgaria, and several corporate defendants in Manhattan federal court, after a firm calling itself PTG Capital Partners offered on May 14 to buy Avon for $18.75 per share, a 181 percent premium. According to the SEC, Nedev and others tried to manipulate prices of Avon, Rocky Mountain...

  • SEC files lawsuit over alleged fake Avon offer Thursday, 4 Jun 2015 | 1:35 PM ET
    Avon Products Inc.

    The U.S. Securities and Exchange Commission filed a lawsuit over an alleged fake offer to buy Avon Products.

  • According to the SEC, Nedev and others tried to manipulate the prices of Avon, Rocky Mountain Chocolate Factory Inc and Tower Group International Ltd by filing false tender offers on its public Edgar database, and issuing fraudulent press releases. Meanwhile, the SEC said the share price of Tower Group rose 32 percent on May 13, 2014 after a fraudulent press...

  • SEC's revolving door good for government: Gallagher Thursday, 4 Jun 2015 | 12:23 PM ET
    Daniel Gallagher

    Conservative SEC Commissioner Daniel Gallagher tells CNBC a revolving door between the agency and Wall street benefits the government.