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  • Within weeks of the Third Avenue event, examiners at the Securities and Exchange Commission sent detailed requests to mutual funds and exchange-traded funds seeking information about how they price less liquid securities, and whether certain parties have ever challenged those prices, according to a copy of a letter sent by the SEC and viewed by Reuters.

  • A federal jury in Philadelphia agreed with the U.S. Securities and Exchange Commission that information used by the Capital One ex-employee, Nan Huang, to trade in shares of consumer retail companies ahead of sales and earnings reports was "material" and gave Huang a "significant advantage" over the investing public. The verdict marked a victory for the SEC, which...

  • PHILADELPHIA, Jan 13- A former Capital One Financial Corp analyst was found liable on Wednesday on civil charges that he engaged in insider trading by using non-public sales data from the credit card issuer to buy and sell stocks. A federal jury in Philadelphia agreed with the U.S. Securities and Exchange Commission that information used by the Capital One...

  • The ex-employee, Nan Huang, did not have a significant advantage over the investing public, despite using the data, said Gregory Morvillo, in opening statements in an insider trading trial in U.S. District Court in Philadelphia. The Huangs were targets of a complaint filed by the U.S. Securities and Exchange Commission a year ago, alleging that they made more than...

  • Jan 11- A former Capital One Financial Corp analyst, accused by U.S. regulators of using sales data from the credit card issuer to engage in insider trading, goes on trial on Monday in federal court in Philadelphia. The civil trial of Nan Huang follows a complaint by the U.S. Securities and Exchange Commission a year ago against both him and another former Capital...

  • Carolyn Maloney of New York is working on legislation to address the near-absence of women from corporate boardrooms and hopes to introduce it in the U.S. Congress next month. The legislation would be modeled after policies in Canada and Australia, she added. Mary Jo White, head of the Securities and Exchange Commission, called in November for more gender parity...

  • Jan 8- The hedge fund manager Steven A. Cohen has agreed to a two-year ban from supervising funds that manage outside money, to resolve U.S. Securities and Exchange Commission charges that he failed to supervise a former portfolio manager convicted of insider trading. Cohen did not admit or deny the SEC's findings that he failed to properly oversee Mathew...

  • Jan 8- The hedge fund manager Steven A. Cohen has been barred from supervising funds that manage outside money until 2018 to settle charges he failed to supervise a former portfolio manager convicted of insider trading, the U.S. Securities and Exchange Commission said on Friday. Cohen did not admit or deny the SEC's findings related to his oversight of Mathew...

  • Jan 6- JP Morgan Chase& Co's brokerage unit will pay $4 million to settle allegations it misled customers about how it paid brokers, the U.S. Securities and Exchange Commission said on Wednesday. Employees pointed out the false statements on four occasions between 2009 and 2011, but JPMorgan failed to correct the problem, the SEC said. JPMorgan first corrected...

  • Jan 6- Monsanto Co plans to slash another 1,000 jobs worldwide, bringing total planned cuts to 3,600, or about 16 percent of its global workforce, according to a filing Wednesday with the U.S. Securities and Exchange Commission. The additional staffing cuts, along with site closures and contract terminations is expected to increase a restructuring charge to a...

  • District Judge Rosemary Collyer in Washington, D.C. found no showing by the plaintiff Stephen Silberstein that the SEC had a "clear legal duty" to begin a rulemaking proceeding, and that its failure was arbitrary and capricious. She also said she lacked jurisdiction to consider whether the SEC engaged in "unreasonable delay" by ignoring Silberstein's...

  • Bonan Huang, the former employee, agreed to pay a total of more than $4.7 million in penalties and other payments without admitting or denying the allegations, the securities regulator said. The SEC in January filed a lawsuit in the federal court in Philadelphia against Bonan Huang and another Capital One employee, Nan Huang, saying the analysts used non-public...

  • The portfolio manager, Sheila Huang, agreed to be barred from the industry and pay a $125,000 penalty, according to the settlement between the SEC, Morgan Stanley Investment Management Inc and Huang. A Societe Generale brokerage unit trader who assisted Huang in the schemes also agreed to be barred, the SEC said. The arrangement would enable Huang to buy back the...

  • Hackers breach ex-pharma CEO Shkreli's Twitter account

    The controversial pharmaceutical executive had his social media account hacked on Sunday.

  • Dec 18- A federal appeals court on Friday refused to lift an asset freeze against relatives of Texas entrepreneur Sam Wyly, who along with his late brother's estate, faces a nearly $300 million judgment in a lawsuit by the U.S. Securities and Exchange Commission. The SEC sued Sam Wyly and his brother Charles in 2010, alleging that the brothers earned $553 million...

  • WASHINGTON, Dec 18- JPMorgan Chase will pay $307 million to settle two U.S. government cases that charged the bank with failing to disclose certain conflicts of interest to some of its wealth management clients, U.S. regulators said on Friday. The SEC said the bank's wealth business preferred to invest its clients in its own proprietary products, but JPMorgan...

  • WASHINGTON, Dec 18- JP Morgan Chase will pay $307 million to settle two U.S. government cases that charged the bank with failing to disclose certain conflicts of interest to some of its wealth management clients, U.S. regulators said on Friday. The SEC said the bank's wealth business preferred to invest its clients in its own proprietary products, but J.P. Morgan...

  • Dec 18- A federal appeals court on Friday refused to lift an asset freeze against relatives of Texas entrepreneur Sam Wyly, who along with his late brother's estate, faces a nearly $300 million judgment in a lawsuit by the U.S. Securities and Exchange Commission. The SEC sued Sam Wyly and his brother Charles in 2010, alleging that the brothers earned $553 million...

  • Shkreli's 'Ponzi-like' scheme Thursday, 17 Dec 2015 | 3:09 PM ET
    Shkreli's 'ponzi-like' scheme

    CNBC's Meg Tirrell reports on the securities fraud probe into Martin Shkreli, and the number of public conversation about the Turing CEO.

  • WASHINGTON, Dec 16- James Schnurr, just two months into his job as chief accountant at the U.S. Securities and Exchange Commission, stood before a packed ballroom in Washington last December and upbraided a little-known regulator. PCAOB Chairman James Doty was among those attending the annual accounting-industry gala where Schnurr spoke.