Government Agencies SEC

  • "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...

  • District Judge Gregory Woods in Manhattan on Thursday said the SEC may pursue all its claims against former Chief Financial Officer Edward DiMaria, and all but one claim against former Director of Accounting Matthew Gamsey. The SEC accused New York- based Bankrate, which reached a $15 million settlement last September, and the executives of using...

  • CARMEL, Ind.— The for-profit college ITT Technical Institute says in a federal filing that it will stop operating Friday. Carmel, Indiana- based ITT Educational Services Inc. said in a Wednesday filing with the Securities and Exchange Commission that it would stop services about a week after it announced it would close its campuses. In August, ITT effectively...

  • Gavel and judge, making a decision

    A federal judge certified a class-action lawsuit against Och-Ziff Capital related to a bribery probe, only to throw it out six hours later.

  • District Judge Paul Oetken in Manhattan came in a lawsuit in which Och-Ziff shareholders accused the largest publicly traded U.S. hedge fund company of misleading them about U.S. Department of Justice and U.S. Securities and Exchange Commission probes into its investments in Africa. Shareholders from February 2012 to August 2014 claimed that Och-Ziff...

  • District Judge Paul Oetken in Manhattan said Och-Ziff shareholders from February 2012 to August 2014 can sue as a group over allegations that the company misled them about U.S. Department of Justice and U.S. Securities and Exchange Commission probes into its investments in Africa. Shareholders claimed that Och-Ziff artificially inflated its share price...

  • MIAMI/ NEW YORK, Sept 14- The city of Miami and its former budget director were found liable by a Florida jury on Wednesday for engaging in a financial shell game in a case brought by the U.S. Securities and Exchange Commission stemming from a municipal bond sale. In a 2013 complaint, the SEC alleged that the city and Boudreaux violated the anti-fraud provisions of...

  • MIAMI, Sept 14- The city of Miami and its former budget director were found liable by a Florida jury on Wednesday for engaging in a financial shell game in a case brought by the U.S. Securities and Exchange Commission stemming from a municipal bond sale. Taking less than a day to deliberate, the jury found the city of Miami and former budget director Michael...

  • WASHINGTON, Sept 14- The chair of the U.S. Securities and Exchange Commission on Wednesday raised concerns that automated trading could hurt some investors, and laid out the regulator's approach to the fast-evolving practice of using algorithms and software to make trading decisions. White also said SEC staff is developing a rule to enhance recordkeeping...

  • MIAMI, Sept 14- The city of Miami and its former budget director were found liable by a Florida jury on Wednesday for engaging in a financial shell game in a case brought by the U.S. Securities and Exchange Commission stemming from a municipal bond sale.

  • MIAMI, Sept 13- The U.S. Securities and Exchange Commission and the city of Miami squared off in Florida federal court on Tuesday, with the regulator accusing city officials of playing a financial shell game to cut costs on a $150 million municipal bond sale in 2009.. In a 2013 complaint, the SEC alleged that the city and Miami's former budget director, Michael...

  • Nasdaq's proposed new feed would require subscribers to pay for an additional feed for direct access to the SIP and other third-party data, according to an Aug. 29 regulatory filing with the U.S. Securities and Exchange Commission. Bats, based in Kansas City, Missouri, cited a recent filing by Intercontinental Exchange Inc's NYSE unit, which runs the SIP for New...

  • The lawsuit filed in Manhattan federal court by Tilton and her firm Patriarch Partners accused the SEC of violating their constitutional rights to due process and equal protection. It was filed one day after Tilton asked Associate Justice Ruth Bader Ginsburg of the U.S. Supreme Court to put the SEC in-house case against her and Patriarch on hold while she...

  • The lawsuit filed in Manhattan federal court by Tilton and her firm Patriarch Partners accused the SEC of violating their constitutional rights to due process and equal protection. It was filed one day after Tilton asked Associate Justice Ruth Bader Ginsburg of the U.S. Supreme Court to put the SEC in-house enforcement case against her and Patriarch on hold...

  • NEW YORK, Sept 9- Lynn Tilton, the New York financier accused by the U.S. Securities and Exchange Commission of defrauding her investors, on Friday sued the regulator to stop it from pursuing in-house enforcement cases against her and others. The lawsuit filed in Manhattan federal court by Tilton and her firm Patriarch Partners accused the SEC of violating their...

  • The case involved the bank's overseeing of what turned out to be fraudulent bond offerings managed by Atlanta- based businessman Christopher F. Brogdon, who has been charged with fraud and ordered to repay $85 million to investors, the SEC said in a statement.

  • Stifel, the SEC and Noack's lawyer did not immediately respond to requests for comment. The SEC sued Stifel and Noack in 2011, saying they misled five Wisconsin school districts about the risks of investing in synthetic collateralized debt obligations, which are tied to mortgage-backed securities or credit default swaps and were at the heart of the...

  • A shopper exits an Urban Outfitters store in New York.

    Urban Outfitters shares dropped Thursday after the retailer said its preliminary same-store sales for the quarter did not grow.

  • In a letter filed in Manhattan federal court, the U.S. Securities and Exchange Commission said Donald Miller, Charles Wyly's son-in-law, had taken no steps in his role as executor to pay the sum after being ordered to do so in February 2015. The SEC said the estate had failed to seek a stay of the judgment pending appeals by it and former billionaire Sam Wyly, Charles...

  • In a letter filed in Manhattan federal court, the U.S. Securities and Exchange Commission said Donald Miller, Charles Wyly's son-in-law, had taken no steps in his role as executor to pay the sum after being ordered to do so in February 2015. The SEC said the estate had failed to seek a stay of the judgment pending appeals by it and former billionaire Sam Wyly, Charles...