Government Agencies SEC

  • 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.

  • Sept 21- Billionaire investor Leon Cooperman was charged with insider trading by the top U.S. securities regulator on Wednesday, making him the highest-profile target in years in the government's crackdown on illegal trading at hedge funds. The U.S. Securities and Exchange Commission said Cooperman's trades earned roughly $4 million after he bought the...

  • The SEC also alleged that Cooperman tried to cover up the misconduct. The SEC indicated it was sending a message that well known and wealthy people aren't exempt from its efforts to pursue insider trading. The SEC said Cooperman profited illegally in July 2010 by buying securities in Atlas Pipeline Partners in advance of the sale of its natural gas processing...

  • Cooperman: Charges are without merit

    CNBC's Scott Wapner reports the latest on the SEC's charges against Omega Advisers and Leon Cooperman.

  • Sept 21- The U.S. Securities and Exchange Commission on Wednesday charged hedge fund manager Leon Cooperman and his firm Omega Advisors with having relied on private information to make trades.

  • Hedge-fund manager Leon Cooperman

    CNBC's David Faber reports that the SEC has filed insider trading charges against Leon Cooperman and Omega Advisers.

  • "We are fully complying with the SEC request for information and are confident our financial reporting meets all legal and accounting requirements," Exxon spokesman Alan Jeffers said. The SEC inquiry mirrors one started last year by New York Attorney General Eric Schneiderman, whom Exxon has accused of overreaching in a politically driven push against...

  • The SEC did not confirm or deny any ongoing investigation. The SEC inquiry mirrors one started last year by New York Attorney General Eric Schneiderman, whom Exxon has criticized for overreaching in a politically driven push against fossil fuel companies. Historically, investigations by New York's attorney general have prodded the SEC to act, including a...

  • Irving, Texas- based Exxon Mobil Corp. said, "We are fully complying with the SEC request for information and are confident our financial reporting meets all legal and accounting requirements." The SEC declined to comment. The Journal said that the SEC has been receiving documents that Exxon provided to the New York attorney general and that the SEC asked in...

  • Exxon mobile refinery

    The investigation is looking into how the company factors in climate risk in pricing its projects, according to Dow Jones.

  • A man passes through a turnstile at the Wall Street subway station near the New York Stock Exchange.

    These are the stocks posting the largest moves after the bell, including ADBE, FDX, MSFT, KBH and more

  • Sept 20- Nu Skin Enterprises Inc said it had reached an agreement with the Securities and Exchange Commission to settle a probe into the skincare products maker's charitable contribution in China in 2013.. Nu Skin said it agreed to pay $765,688 to the SEC after the agency found the company's books and internal controls related to the donation were...

  • Sept 20- The U.S. Securities and Exchange Commission is investigating how Exxon Mobil Corp has valued its reserves in the wake of low oil prices and potential curbs on carbon emissions, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The SEC did not confirm or deny any ongoing investigation. The SEC inquiry mirrors one started...

  • Sept 20- The U.S. Securities and Exchange Commission is investigating how Exxon Mobil Corp has valued its assets in the wake of plunge in oil prices, the Wall Street Journal reported, citing people familiar with the matter. The news follows reports last week that New York Attorney General Eric Schneiderman was investigating the company's accounting practices.

  • SEC investigating Exxon Mobil -DJ

    CNBC's Sue Herera reports that the SEC is investigating Exxon Mobil on climate change and accounting practices, according to Dow Jones.

  • Senator Elizabeth Warren, a Democrat from Massachusetts, questions John Stumpf, chief executive officer of Wells Fargo & Co., during the Senate Committee on Banking, Housing, and Urban Affairs in Washington, on Tuesday, Sept. 20, 2016.

    Senator Elizabeth Warren pressed Wells Fargo CEO John Stumpf during the committee hearing on Wells Fargo’s account-opening practices.

  • Sept 19- Shares in a firm led by anti-virus software pioneer John McAfee fell 24 percent on Monday after it disclosed that it had received a subpoena from the U.S. Securities and Exchange Commission. The company, MGT Capital Investments Inc, said in a statement that it was cooperating with the SEC after receiving the subpoena on Thursday and that it does not...

  • WASHINGTON, Sept 19- Accounting firm Ernst& Young will pay $9.3 million to settle charges that two of its auditors got "too close to clients on a personal level" and broke rules aimed at ensuring reviews were objective and impartial, the U.S. Securities and Exchange Commission said on Monday. SEC investigations found that the senior partner on the audit team for a...

  • "SEC investigations found that the senior partner on an engagement team for the audit of a New York- based public company maintained an improperly close friendship with its chief financial officer, and a different partner serving on an engagement team for the audit of another public company was romantically involved with its chief accounting officer," the SEC...