Government Agencies SEC

  • Donald Trump at a campaign rally in Delaware, Ohio, on Oct. 20, 2016

    Despite hope that Trump will scrap the DOL's new fiduciary rule, the investment industry for now must proceed with implementation.

  • Securities and Exchange Commission Chair Mary Jo White on Monday defied requests by Senate Republicans to delay adopting new rules on everything from derivatives to mutual funds until after President-elect Donald Trump takes office. In a letter to the Senate Banking Committee's top two Republicans, Chairman Richard Shelby and Mike Crapo of Idaho, White...

  • In the letter to the Senate Banking Committee's top two Republicans, Chairman Richard Shelby and Mike Crapo of Idaho, White stressed it was "incumbent" on the independent regulator's canons of ethics to proceed finalizing rules. Those canons direct the SEC to "exhibit a spirit of firm independence" in performing its regulatory duties "without fear or favor."

  • Securities and Exchange Commission Chair Mary Jo White on Monday defied requests by Senate Republicans to delay adopting new rules until after President-elect Donald Trump takes office, according to a copy of a letter seen by Reuters. In the letter to the Senate Banking Committee's top two Republicans, White stressed it was "incumbent" on the independent...

  • WASHINGTON, Dec 12- U.S. authorities have charged two financial traders in New Jersey over a stock manipulating scheme that netted the pair more than $26 million, the U.S. Securities and Exchange Commission and the state's U.S.

  • WASHINGTON, Dec 8- Andrew Ceresney, the head of enforcement at the U.S. Securities and Exchange Commission tasked with policing Wall Street, will be departing the agency at the end of December, the SEC said on Thursday.

  • WASHINGTON, Dec 8- The outgoing chair of the U.S. Securities and Exchange Commission said on Thursday that reforms made by the agency after the financial crisis are indispensable to investors and markets and should not be undone. "Less than a decade ago, this country experienced the worst financial crisis in recent memory," Mary Jo White told a meeting of the SEC's...

  • On his website, President-elect Donald Trump blames Dodd-Frank's "bureaucratic red tape and Washington mandates" for strangling economic growth. Enforcement defendants and their lawyers have also spent the past few years complaining bitterly about the SEC's increased use of administrative proceedings- which take place before in-house judges, under...

  • NEW YORK/ WASHINGTON, Dec 6- Former U.S. Attorney Debra Wong Yang is being considered to chair the Securities and Exchange Commission in the Trump administration, a source familiar with the situation said on Tuesday. Yang is a longtime friend of Republican New Jersey Governor Chris Christie, and donated to his presidential campaign.

  • Yang is a longtime friend of New Jersey Governor Chris Christie, and donated to his presidential campaign. Their March 2014 report exonerated Christie, finding that he had no involvement in the decision to close lanes on the George Washington Bridge linking New Jersey and New York City. Two of Christie's former close associates, Bridget Kelly, his deputy chief...

  • WASHINGTON, Dec 6- Former U.S. Attorney Debra Wong Yang is a top contender to head the U.S. Securities and Exchange Commission under Republican President-elect Donald Trump, CNBC said on Tuesday. Yang, who was appointed by fellow Republican former President George W. Bush for California's Central District, was scheduled to meet with Trump on Monday in New York.

  • Debra Wong Yang top contender for SEC -NBC

    CNBC's John Harwood reports that according to NBC News, Debra Wong Yang is believed to be the top contender for a role at the SEC from President-elect Trump.

  • Jonathan Ly, 28, entered his plea in federal court in Seattle to one count of securities fraud stemming from an insider trading scheme that prosecutors said netted the San Francisco resident $331,000. He also reached a $375,907 settlement with the U.S. Securities and Exchange Commission. Ly is deeply sorry for the activity he engaged in and the people and...

  • Irfan Amanat, 45, was charged in a complaint filed in Manhattan federal court with conspiracy, securities fraud and wire fraud stemming from a scam prosecutors said he engaged in with his brother. Irfan Amanat, who a decade ago was the subject of a U.S. Securities and Exchange Commission case related to his time as chief technology officer of Tradescape Corp, was...

  • The 2nd U.S. Circuit Court of Appeals in Manhattan on Friday said federal judges lacked jurisdiction to decide whether the SEC deprived Wing Chau and his firm Harding Advisory LLC of equal protection by pursuing an in-house administrative proceeding instead of suing in federal court. In January 2015, an SEC administrative law judge ordered Chau and Harding...

  • WASHINGTON, Dec 2- United Airlines' parent company will pay $2.4 million to resolve civil books and records violations after it reinstated an unprofitable flight route to accommodate the chairman of the Port Authority of New York and New Jersey, the U.S. securities regulator said. The U.S. Securities and Exchange Commission said United Airlines' decision in...

  • Dec 1- Pacific Investment Management Co and a top U.S. regulator have settled claims the bond manager mismarked securities in a fund formerly managed by investor Bill Gross, the Wall Street Journal reported, citing sources. Pimco agreed to pay about $20 million to the Securities and Exchange Commission, people familiar with the matter told the WSJ.

  • NEW YORK, Nov 29- At least four U.S. agencies are investigating former officials of a now-bankrupt oil and gas company once majority owned by troubled hedge fund manager Platinum Partners, according to a legal filing submitted last week. Attorney's office in Brooklyn, New York, the U.S. Securities and Exchange Commission, the Internal Revenue Service, and the U.S....

  • SYDNEY, Nov 29- The U.S. Securities and Exchange Commission is investigating a $3 billion impairment charge booked by miner Rio Tinto in 2013 on the value of a Mozambican coal asset, two sources familiar with the matter said on Tuesday. The shock impairment, less than two years after Rio bought Mozambique- focused Riversdale Mining in 2011, helped trigger the...

  • SYDNEY, Nov 29- The U.S. Securities and Exchange Commission is investigating a $3 billion impairment charge booked by miner Rio Tinto in 2013 on the value of a Mozambican coal asset, two sources familiar with the matter said on Tuesday. The shock impairment, less than two years after Rio bought Mozambique- focused Riversdale Mining in 2011, helped trigger the...