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Government Agencies SEC

  • May 16- The U.S. Securities and Exchange Commission put on hold its initial approval of a risky exchange-traded fund that promises four times the daily price moves of S&P 500 futures contracts, the Wall Street Journal reported, citing people familiar with the matter. The earlier approval, given by the SEC's staff, has been reconsidered due to which the...

  • May 16- ValueAct Capital Management trimmed its stake in Morgan Stanley by 9 million shares during the first quarter, according to a U.S. regulatory filing. That brings the hedge fund's total number of shares in Morgan Stanley down to 17.8 million, according to the filing on Monday with the Securities and Exchange Commission. ValueAct founder Jeff Ubben said in...

  • NEW YORK, May 15- Paulson& Co held its shares unchanged in the world's biggest gold exchange-traded fund in the first quarter of 2017, when gold prices rallied nearly 10 percent, a 13 F filing with the U.S. Securities and Exchange Commission showed on Monday. New York- based Paulson& Co, led by longtime gold bull John Paulson, held its stake in SPDR Gold Trust steady at...

  • NEW YORK/ BOSTON, May 15- Following are some of the hot stocks and sectors in which hedge fund managers either took new positions or exited existing positions in the first quarter. The moves were revealed in quarterly disclosures of manager stock holdings, known as 13 F filings, with the U.S. Securities and Exchange Commission. Suvretta Capital Management took a...

  • The SEC said James Im and Kee Chan fraudulently generated more than $750,000 of profit beginning in 2010 by having on numerous occasions "deliberately misled and lied to customers" whose trades they handled. The SEC said Im, 40, of Tarrytown, New York, has not settled its civil case, and invoked his constitutional right against self-incrimination when...

  • Ruth Porat

    New rules could distort the way companies like Alphabet, Intel, IBM and Salesforce report their earnings, The New York Times reports.

  • The U.S. Securities and Exchange Commission said former managing directors James Im and Kee Chan fraudulently generated more than $750,000 of profit by having "deliberately misled and lied to customers" whose trades they handled, on numerous occasions beginning in 2010.. The SEC said Im has not settled its civil case, and asserted his constitutional right...

  • The moves by Suvretta Capital Management and activist investor Jeff Smiths Starboard Value were revealed in quarterly disclosures of manager stock holdings, known as 13 F filings, with the U.S. Securities and Exchange Commission. Suvretta Capital Management took a new position, buying 539,950 shares. Farallon Capital took a new position, buying 2.58 million...

  • The U.S. Securities and Exchange Commission said Kee Chan, a former Nomura managing director, "deliberately misled and lied to customers" on numerous occasions from 2010 to March 2012, including by making up "colorful but entirely fictitious exchanges" with customers on the other side of the trades. Chan, 46, of Manhasset, New York, generated hundreds of thousands...

  • 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...