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Government Agencies SEC

  • The U.S. Securities and Exchange Commission said Kee Chan, 46, of Manhasset, New York, on numerous occasions from 2010 to March 2012 "deliberately misled and lied to customers" about bond prices. The SEC filed its complaint in Manhattan federal court. Last week, former Nomura traders Michael Gramins, Tyler Peters and Ross Shapiro went on trial in Hartford,...

  • NEW YORK, May 9- Proxy adviser Glass Lewis recommended on Tuesday that BlackRock Inc shareholders "express their concern" regarding the world's largest asset manager's pay of its top executives, including CEO Larry Fink. Fink made $25.5 million in 2016, based on a calculation of his pay in line with U.S. Securities and Exchange Commission guidelines, according...

  • Wal-Mart is reportedly prepared to pay roughly $300 million to settle a bribery probe by its employees in Mexico, India, and China.

  • David R. Humphrey, 60, who worked in the SEC's Division of Corporation Finance for 16 years, pleaded guilty to filing false ethics forms in order to conceal his trading, the Justice Department said. When he was confronted by agents in the SEC's inspector general's office in 2014, the SEC said, he continued to lie about his trading. The SEC's charges against Humphrey...

  • WASHINGTON, May 9- U.S. Securities and Exchange Commission Chairman Jay Clayton unveiled his first major personnel decision on Tuesday, saying he had hired an attorney who worked on prominent initial public offerings to lead the SEC's division that oversees public company filings. The SEC said William Hinman, a retired partner at the Silicon Valley office of...

  • "We are writing to request that your agencies investigate whether Carl Icahn violated insider trading laws, anti-market manipulation laws, or any other relevant laws based on his recent actions in the market for renewable fuel credits," the senators said in a letter to the heads of the Securities and Exchange Commission, the Commodity Futures Trading...

  • Carl Icahn

    Democrats' call to probe Carl Icahn came after former White House ethics lawyers had warned about his role advising President Trump.

  • "We are writing to request that your agencies investigate whether Carl Icahn violated insider trading laws, anti-market manipulation laws, or any other relevant laws based on his recent actions in the market for renewable fuel credits," the senators said in a letter to the heads of the Securities and Exchange Commission, the Commodity Futures Trading...

  • David R. Humphrey, 60, who worked in the SEC's Division of Corporation Finance for 16 years, pleaded guilty to filing false ethics forms in order to conceal his trading, the Justice Department said. When he was confronted by agents in the SEC's inspector general's office in 2014, the SEC said, he continued to lie about his trading. The SEC's charges against Humphrey...

  • WASHINGTON, May 9- A U.S. securities regulator is warning retail investors to tread carefully before putting money into a risky new type of start-up financing vehicle that may never provide a return on their investment. In a speech to state securities regulators on Tuesday, Securities and Exchange Commission member Mike Piwowar, a Republican, said the SEC plans...

  • May 8- A federal jury on Monday cleared a Florida bank and its former chief executive of U.S. Securities and Exchange Commission charges that they downplayed real estate lending risks prior to the global financial crisis. Jurors in Miami found BBX Capital Corp, a Florida company once known as BankAtlantic Bancorp, and former Chief Executive Alan Levan not...

  • A poster alerting customers that the digital currency Bitcoin is accepted as payment sits behind the counter inside the Old Shoreditch Station cafe in London, U.K..

    Bitcoin jumps to a fresh all-time high on continued speculation in the digital currency, while gold prices extend losses.

  • The 10th U.S. Circuit Court of Appeals in Denver declined to rehear the case of Colorado businessman David Bandimere, which led to a major setback for the SEC amid attacks by defendants who question its administrative court system's fairness. Lucero said the three-judge panel's December ruling "presents a threat of disruption throughout our government" and...

  • WASHINGTON, May 3- A former accountant at the U.S. Securities and Exchange Commission is expected to settle criminal and civil charges, after he was caught illegally trading options while working at the agency, according to sources familiar with the matter. He will also pay more than $100,000 in penalties and ill-gotten profits to settle the SEC's civil case, and...

  • WASHINGTON, May 3- A former accountant at the U.S. Securities and Exchange Commission is expected to settle parallel criminal and civil charges, after he was caught illegally trading options while working at the agency, according to multiple sources familiar with the matter. The charges against David R. Humphrey, a 16- year SEC veteran, represent a rare instance...

  • The new risky ETF: Quadruple-leveraged fund

    CNBC's Bob Pisani and CNBC Contributor Herb Greenberg weigh in on the Securities and Exchange Commission approving a request to trade quadruple-leveraged ETFs and its risks for investors.

  • NEW YORK, May 2- The Securities and Exchange Commission on Tuesday approved a request to trade quadruple-leveraged exchange-traded funds, marking a first for the growing market for such products in the United States. The request to list ForceShares Daily 4 X US Market Futures Long Fund, under the ticker UP, and ForceShares Daily 4 X US Market Futures Short Fund,...

  • NEW YORK, May 2- The Securities and Exchange Commission on Tuesday approved a request to trade quadruple-leveraged exchange-traded funds, marking a first for the growing market for such products in the United States. The request to list ForceShares Daily 4 X US Market Futures Long Fund, under the ticker UP, and ForceShares Daily 4 X US Market Futures Short Fund,...

  • WASHINGTON, May 2- The U.S. Senate voted on Tuesday to confirm attorney Jay Clayton to head the Securities and Exchange Commission, the agency tasked with policing and writing rules for Wall Street. In a 61-37 vote, the Senate approved the nomination, with some moderate Democrats joining their Republican colleagues in supporting his confirmation.

  • WASHINGTON, May 2- The U.S. Senate voted on Tuesday to confirm attorney Jay Clayton to head the Securities and Exchange Commission, the agency tasked with policing and writing rules for Wall Street.