The SEC filed civil fraud charges oagainst a man they say is behind a pump-and-dump scam involving CYNK Technology.» Read More
Wall Street may be losing its competitive edge to foreign markets because of increased government regulation, according to some business groups and legal experts.
Wall Street is losing its competitive edge to foreign markets because of an increasingly tough regulatory environment, legal experts told CNBC's "Power Lunch."
SEC Commissioner Paul Atkins told CNBC's Melissa Lee that the federal regulatory agency should focus on mutual funds and insider trading--not hedge funds.In a taped interview aired on "Squawk Box," Atkins called efforts to regulate hedge funds “not the wisest effort” A Congressional hearing on the issue is scheduled to begin Tuesday in Washington.
A bill that would give shareholders the right to cast non-binding votes on executive pay sparked sharp comments Thursday at a subcommittee hearing in Washington.
There oughta be a law, says Sen. Charles "Chuck" Grassley (R-Iowa), that requires hedge funds to register with the Securities and Exchange Commission. Would the so-called Grassley Amendment produce healthy accountability -- or stifle investment? Ex-SEC Chairman Harvey Pitt and a Wharton professor debated the question on "Morning Call."
Congress is considering a bill that would give shareholders the right to cast non-binding votes on executive pay and "golden parachutes" if the enterprise is sold. Opponents say the measure, HR 1257, would force CEOs to devote more time to meeting with advocacy groups and less time on planning and product development. Supporters say that unless pay is tied to performance, executives have incentive to cook the books.
The U.S. Securities and Exchange Commission suspended trading today in the stocks of 35 small companies linked to spam e-mail campaigns urging small investors to buy shares.
The composition of the board of directors at major companies is changing and becoming less clubby. On "Squawk Box" CNBC's Mary Thompson says there’s no shortage of candidates to serve on corporate boards, but they’re now drawn from a different talent pool. In 2001, about half board members were active CEOs. Last year, the figure declined to 29%.
A report released Monday answers accusations made more than a year ago by former New York Attorney General Eliot Spitzer, who is now the state's governor.
Federal regulators on Friday charged that unknown individuals illegally profited from advance knowledge of the proposed $32 billion buyout of electric utility TXU using foreign brokerage firms for the transactions to conceal their identities.
NYSE Group has requested the U.S. Securities and Exchange Commission grant it relief from securities regulations that would oblige the New York Stock Exchange to route orders to certain markets, according to a public filing.
The Securities and Exchange Commission is looking into whether the New York Stock Exchange's so-called hybrid trading system has enough capacity to handle the high volume that has occured this week, according to CNBC's Charlie Gasparino.
The heads of the major specialist firms met with NYSE CEO John Thain Wednesday and gave him a simple ultimatum: Help us out, or we are getting out of the specialist business.
The President's Working Group on Financial Markets vowed to up its vigilance of hedge funds -- but its members shied from taking action. SEC Chairman Christopher Cox and Connecticut Attorney General Richard Blumenthal took sides on the matter.
The U.S. Securities and Exchange Commission has taken steps on two fronts to protect corporations, executives and accounting firms from investor lawsuits that accuse them of fraud, the New York Times reported in a story published on Tuesday.
U.S. District Court Judge Charles Pannell Jr. entered a default judgment against a fund manager ordering disgorgement of $17 million, interest of $2.7 million and a civil penalty of $120,000,
KB Home said Friday the Securities and Exchange Commission has launched a formal investigation into the homebuilder's stock-option granting practices.
Tomorrow is the deadline for hedge funds and brokers to comply with SEC rules defining the use of soft dollars. The new rules disqualify spending on extravagant incentives such as front row seats at the Super Bowl. In addition, payments for meals, travel, rent and other perks will also be considered abuses. Critics say this is just the SEC's backdoor attempt to regulate hedge funds.
Deep In The Heart of Edgar: I’ll be the first to admit that broadcast producers rely a great deal on the newswires (Dow Jones, Reuters, AP, etc.). Some carry that to extreme - when I was producing at ABC Radio years ago, I told an anchor a piece of news that a reporter in the field had given me, and he said .. “But it’s not on the wires!" He wasn't joking.
Investors still seem to think Apple is worth something. Shares of the computer giant are holding strong so far today--as the company released information saying it found NO misconduct by CEO Steve Jobs in regards to backdating stock options between 1997 and 2001. But--not all is well with Jobs and Apple according to Christopher Whalen. He's senior vice-president at Institutional Risk Analytics.