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Government Agencies SEC

  • April 10- The U.S. Securities and Exchange Commission on Monday announced a crackdown against alleged stock promotion schemes in which writers were secretly paid to post hundreds of bullish articles about public companies on financial websites. According to the SEC, many writers used pseudonyms such as Equity Options Guru, The Swiss Trader, Trading Maven and...

  • Acting SEC Chairman Mike Piwowar, a Republican, said he has asked staff for a recommendation on how to proceed with the rule, which requires companies to disclose if their products contain certain minerals from a war-torn part of Africa. The move sparked backlash from SEC Democratic Commissioner Kara Stein, who accused Piwowar of acting beyond his authority to...

  • Acting SEC Chairman Mike Piwowar said he has asked staff for a recommendation on how to proceed with the rule, which requires companies to disclose if their products contain certain minerals from a war-torn part of Africa. In 2014, a U.S. appeals court struck down part of the conflict minerals law after the Business Roundtable, the U.S. Chamber of Commerce and the...

  • Acting SEC Chairman Mike Piwowar said he has asked staff for a recommendation on how to proceed with the rule, which requires companies to disclose if their products contain certain minerals from a war-torn part of Africa.

  • The SEC on Thursday said it won a court order freezing assets of Lawrence Cluff and Roger Shaoul, both of Richmond, after they generated more than $925,000 of gains on Mobileye shares and call options purchased in the month-and-a-half before the March 13 merger was announced. The SEC filed civil charges against Cluff and Shaoul nearly two weeks after charging...

  • Lee Cooperman

    The billionaire hedge fund manager read a statement from his attorneys, which said, "Mr. Cooperman did nothing wrong."

  • WASHINGTON, April 4- Kara Novaco Brockmeyer, the attorney at the U.S. Securities and Exchange Commission who oversees the unit that polices foreign bribery laws, plans to depart the SEC later this month, the regulator announced Tuesday. Brockmeyer, a 17- year veteran of the SEC, has led the Foreign Corrupt Practices Act unit since 2011.. Trump's pick to lead the SEC,...

  • WASHINGTON, April 4- The U.S. Senate Banking Committee voted on Tuesday to advance Jay Clayton's nomination as the next head of the U.S. Securities and Exchange Commission to the full Senate for approval. The committee voted 15 to 8, with some Democrats, including Massachusetts Senator Elizabeth Warren and Sherrod Brown of Ohio, voting against him.

  • LONDON/ NEW YORK, April 4- British hedge fund manager Alan Howard has raised more than $700 million from outside investors for a new fund that he will solely manage, two sources with knowledge of the matter told Reuters. The AH Fund seeks a minimum $50 million investment from each investor, documents filed with U.S. regulator the Securities and Exchange Commission...

  • WASHINGTON, April 3- Before Wall Street attorney Jay Clayton was nominated to be head of the U.S. Securities and Exchange Commission, he communicated with more than a half dozen of President Donald Trump's transition representatives, including one whose company has a multi-million-dollar contract with the SEC, according to documents seen by Reuters.

  • Steven Mnuchin

    Treasury Secretary Steve Mnuchin made around $11.2 million for his role as the vice chairman of CIT Group in 2016.

  • A man walks by a Sears store.

    Edward S. Lampert is facing the downfall of two of his business, according to a report by The New York Times.

  • The SEC on Thursday said Larry Holley, 59, the pastor at Abundant Life Ministries, told victims that because he "prayed for your children" he was more trustworthy than a banker, and told congregants that investors in his real estate business were "millionaires in the making." Eighty-three people from 14 U.S. states, including some who turned over their life savings,...

  • In a letter to the SEC's internal watchdog, Inspector General Carl Hoecker, the Democrats said acting SEC Chairman Mike Piwowar should not have ordered staff to review the SEC's rules on "conflict minerals" and CEO pay ratios because they are mandated by Congress. "We ask that you conduct an investigation into each of these decisions to determine whether they are...

  • The SEC said the purchases resulted in about $427,000 of profit for Darvasi and $4.5 million for Waldman, after the announcement caused shares of Jerusalem- based Mobileye to rise 28.2 percent in one day. According to the SEC, both defendants were connected to Mobileye insiders through the scientific academic community at the Hebrew University of Jerusalem,...

  • Michael Piwowar, who is acting chairman while President Donald Trump's appointee for the post Jay Clayton awaits confirmation by the U.S. Senate, announced the plan in a speech at Columbia University in New York City. "I have come to believe that the SEC rulemaking process would be more appropriate for such an important undertaking as the access fee pilot," said...

  • WASHINGTON, March 23- Jay Clayton, the Wall Street attorney tapped by President Donald Trump to lead the U.S. Securities and Exchange Commission, on Thursday defended himself against Democrats' charges that multiple conflicts of interest would force him to miss too many SEC votes. Clayton, a partner at elite law firm Sullivan& Cromwell, is expected to win...

  • The SEC said the purchases resulted in about $427,000 of profit for Darvasi and $4.5 million for Waldman, after the announcement caused shares of Jerusalem- based Mobileye to rise 28.2 percent in one day. According to the SEC, both defendants were connected to Mobileye insiders through the scientific academic community at the Hebrew University of Jerusalem,...

  • WASHINGTON, March 23- Jay Clayton, the Wall Street attorney tapped by President Donald Trump to lead the U.S. Securities and Exchange Commission, on Thursday defended himself against Democrats' charges that multiple conflicts of interest would force him to miss too many SEC votes. Clayton, a partner at elite law firm Sullivan& Cromwell, is expected to win...

  • Trump SEC pick face questions on Capitol Hill

    CNBC's Ylan Mui reports on the confirmation hearing for Jay Clayton to head up the SEC.