×

Government Agencies SEC

  • July 16- The U.S. Securities and Exchange Commission should form a working group with two of its regulatory counterparts to review and harmonize the rules they use to police electronic corporate and municipal bond-trading platforms, an SEC subcommittee said on Monday. The regulation of electronic fixed income trading venues varies depending on the...

  • John D. Schiller Jr agreed to settle the case without admitting or denying the charges, by paying a $180,000 penalty and not serving as an officer or director of a public company for five years, the SEC said on Monday. Schiller cooperated fully with the SEC in its investigation and is happy to put this matter behind him with this settlement, "Schiller's attorney,...

  • NEW YORK— A report says the Securities and Exchange Commission is investigating whether Facebook adequately warned its investors about privacy lapses involving the data mining firm Cambridge Analytica. The Wall Street Journal said Thursday that the SEC has requested information from Facebook on how much the company knew about Cambridge Analytica's use...

  • The SEC said Hanratty, whom it also charged, did what Carr asked, and sold her stock for a $250,628 profit in April 2016, four months after Atlanta- based Global Payments agreed to buy its smaller rival. Hanratty, who co-owns a staffing agency, had repeatedly expressed concern to Carr about her finances, and after opening the brokerage account- which named Carr as the...

  • The SEC said Hanratty, whom it also charged, did what Carr asked, and sold her stock for a $250,628 profit in April 2016, four months after Atlanta- based Global Payments agreed to buy its smaller rival. Hanratty, who co-owns a staffing agency, had repeatedly expressed concern to Carr about her finances, and after opening the brokerage account- which named Carr as the...

  • The SEC said Hanratty, 65, who was also charged, did what Carr asked, and sold her stock for a $250,628 profit in April 2016, four months after Atlanta- based Global Payments agreed to buy its smaller rival. Hanratty, who co-owns a staffing agency, had repeatedly expressed concern to Carr about her finances, and after opening the brokerage account- which named Carr as...

  • INDIANAPOLIS— The former CEO of the parent company of for-profit ITT Technical Institute has agreed to pay $200,000 to settle a lawsuit accusing the company's management of hiding from investors the now-defunct firm's rapidly eroding financial condition. Kevin Modany also accepted a five-year ban from serving as an executive of a public company to settle...

  • In a statement issued Monday, the SEC said it settled charges with Dow related to improper disclosure of the perks. The company agreed to pay $1.75 million and is required to hire a consultant to review its compliance with SEC disclosure rules related to executive perquisites for a one-year period. In its proxy statements, Midland, Michigan- based Dow...

  • Facebook slides on SEC, FBI and FTC probes

    Investor Elad Gil and Stephanie Mehta, editor-in-chief at Fast Company, discuss the challenges confronting Facebook and the company's stock.

  • Facebook shares were down 2 percent at $193.36 in early trading on the Nasdaq, erasing nearly $12 billion from the company's market valuation. The Federal Bureau of Investigation, the Securities and Exchange Commission and the Federal Trade Commission have joined the Department of Justice in its inquiries about the two companies and the sharing of personal...

  • The Federal Bureau of Investigation, the Securities and Exchange Commission and the Federal Trade Commission have joined the Department of Justice in its inquiries about the two companies and the sharing of personal information of 71 million Americans, the Washington Post reported...

  • Facebook shares slide on report of SEC, FBI and FTC probes

    The "Squawk on the Street" news team discusses the ongoing woes for Facebook as the social media giant faces new probes into their handling of the data scandal.

  • July 2- A federal investigation into Facebook Inc's data breach with political consultancy Cambridge Analytica has broadened focus on the actions and statements of the tech giant, the Washington Post reported on Monday, citing people familiar with the inquiries. The investigation involves three agencies including the Securities and Exchange Commission,...

  • The SEC said the 37 advisers had overseen at least 6,500 Schwab subaccounts and more than $840 million of customer assets, and were among 83 terminated from Schwab's platform in 2012 and 2013.. Schwab was required to file suspicious activity reports for 47 of the terminated advisers, but filed 10, the SEC said. The case is SEC v Charles Schwab& Co, U.S. District Court,...

  • July 2- Charles Schwab Corp will pay a $2.8 million civil fine to settle U.S. Securities and Exchange Commission charges it failed to file suspicious activity reports on questionable transactions conducted by independent investment advisers. The fine was disclosed in papers filed on Monday with the federal court in San Francisco, where Schwab is based.

  • WASHINGTON, June 29- Morgan Stanley agreed to pay a $3.6 million fine on Friday after regulators found it failed to have systems in place to help it detect and prevent the misappropriation of client funds, the U.S. Securities and Exchange Commission said. But the regulator said the policies were insufficient in preventing one broker from misappropriating $5...

  • The company agreed to the $1.25 million settlement without admitting or denying the allegations, the SEC said. Mattessich then approached two junior traders, Ludovico and another person not named in the complaint, about an agreement to circumvent his supervisor's decision, according to the SEC. Mattessich transferred accounts to Ludovico and the other...

  • WASHINGTON, June 29- Morgan Stanley agreed to pay a $3.6 million fine after regulators found it failed to detect or prevent misappropriation of client funds, the U.S. Securities and Exchange Commission said on Friday.

  • June 28- The Securities and Exchange Commission is investigating PPG Industries Inc after the chemicals maker fired its controller for his alleged involvement in inflating profits, the company said on Thursday. The company in May fired its vice president and controller, Mark Kelly, accusing him of instructing subordinates to improperly override its...

  • WASHINGTON, June 28- The U.S. securities regulator on Thursday unveiled a proposal to ease its rules for approving low-risk exchange-traded-funds, in what could potentially be a major win for the $3.5 trillion market. The Securities and Exchange Commission will propose allowing issuers to launch vanilla ETFs without first seeking approval from the...