Government Agencies SEC

  • WASHINGTON, Jan 16- Rob Jackson, a Democratic commissioner at the U.S. Securities and Exchange Commission, said on Thursday he will step down from the agency on Feb. 14 to continue teaching at New York University School of Law, where he is on faculty leave. While the White House nominates commissioners, they must be confirmed by the Senate, a process that can take...

  • BlackRock

    BlackRock is shaking up the business world with its decision to make sustainability the focus of its investment strategy. In his annual letter to CEOs, Larry Fink announced a number of new initiatives BlackRock is implementing to address climate change. Hal Lambert, founder and CEO of Point Bridge Capital, and Ken Taubes, chief investment officer of Amundi Pioneer, join "Squawk Box" to discuss.

  • Privately held mattress maker Casper Sleep on Friday filed for an initial public offering. It says it plans to list its common stock on the New York Stock Exchange under the ticker symbol "CSPR." Casper said in its SEC filing that it incurred net losses in 2018 of $92.1 million and in 2017 of $73.4 million. CNBC's Deirdre Bosa reports.

  • Financial advisor meeting with senior couple in kitchen

    A new rule from the SEC will hold broker-dealers to a best interest standard. But critics say it doesn't go far enough to create an industry-wide fiduciary standard. Now Massachusetts is coming up with its own rule, and other states could follow.

  • The SEC is investigating BMW to see if it is engaged in 'sales punching', a practice of having dealers marking vehicles as sold when it's still in the lot.

  • "We can confirm that we've been contacted by the SEC and are cooperating fully with the investigation," a BMW spokesman said, but declined to comment further. The Wall Street Journal earlier reported, citing a source, that the SEC was probing BMW's sales practices. The SEC declined to comment.

  • Harvey Pitt, CEO of Kalorama Partners and former chairman of the SEC

    The Wall Street Journal reported that the Securities and Exchange Commission is investigating Slack and other Unicorns on the New York Stock Exchange. The probe will focus on how trading was handled on day one as well as other issues. Harvey Pitt, CEO of Kalorama Partners and former SEC Chairman, joins "Squawk Box" to discuss.

  • Dec 20- The U.S. Securities and Exchange Commission is probing the listings of Slack Technologies Inc and other unicorns on the New York Stock Exchange, the Wall Street Journal reported on Friday, citing people familiar with the matter. The SEC had also asked for information from Citadel on how it opened Slack's first day of trading, the report said.

  • CB Mui SEC slack ipos citadel 191220 NZ EC - 106308040

    Dow Jones is reporting that the SEC has sent letters to Citadel Securities on how it opened Slack's stock for trading at the NYSE. CNBC's Ylan Mui reports.

  • WASHINGTON, Dec 20- The White House is expected to nominate a Democratic attorney at the Securities and Exchange Commission, Caroline Crenshaw, to fill a seat being vacated next year by Democratic Commissioner Robert Jackson, according to three people with direct knowledge of the matter.

  • WHITE HOUSE EXPECTED TO NOMINATE ATTORNEY CAROLINE CRENSHAW FOR DEMOCRATIC COMMISSIONER SEAT AT THE SECURITIES AND EXCHANGE COMMISSION- SOURCES.

  • WASHINGTON, Dec 18- Insurer MetLife Inc. will pay $10 million to settle with U.S. regulators over longstanding internal controls failures, the Securities and Exchange Commission said on Wednesday. The settlement follows a probe by the SEC into the company's failure to pay some workers' pensions, which MetLife disclosed in December 2017. For over 25 years,...

  • WASHINGTON, Dec 18- Insurer MetLife Inc. will pay $10 million to settle with U.S. regulators over longstanding internal controls failures, the U.S. Securities and Exchange Commission said on Wednesday. The settlement follows a probe by the SEC into the company's failure to pay some workers' pensions, which MetLife disclosed in December 2017.

  • WASHINGTON, Dec 18- The U.S. Securities and Exchange Commission said on Wednesday that MetLife Inc. has agreed to pay $10 million to settle securities violations.

  • Under current SEC rules, individuals who wish to put their money into the high-risk, high-yield private markets must earn an individual annual income over $200,000, or a combined $300,000 in shared annual income between spouses, as well as hold at least $1 million in assets, excluding one's home. The SEC said it was not clear yet how many people would meet the...

  • WASHINGTON, Dec 18- The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.

  • SB 7am esg standards 2020 markets sec gallagher CM 191218 EC - 106302697

    Wall Street's growing interest in impact investing has drawn scrutiny from the SEC, which is calling for the creation of environmental, social and governance (ESG) standards. Dan Gallagher, former SEC commissioner and now a partner at Wilmerhale and deputy chair of the firm's securities department, joins "Squawk Box" to discuss.

  • WASHINGTON, Dec 17- U.S. authorities on Tuesday said they have charged a former IT administrator and four friends involved in a years-long insider trading ring, in which they used confidential information about a Silicon Valley cloud-computing company to reap millions. The activity allegedly began in 2015 and continued through 2018, the SEC said.

  • WASHINGTON, Dec 17- U.S. authorities on Tuesday said they have charged a former IT administrator and four friends involved in a years-long insider trading ring, in which they used confidential information about a Silicon Valley cloud-computing company to reap millions. The activity allegedly began in 2015 and continued through 2018, the SEC said.

  • Hester Peirce, director of the financial markets working group at George Mason University's Mercatus Center.

    SEC commissioner Hestor Peirce joins "Squawk on the Street" to discuss environmental, social and governance as they gain popularity among investors.