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Government Agencies SEC

  • WASHINGTON, Oct 18- The U.S. Securities and Exchange Commission said on Wednesday it had named JPMorgan Chase executive Brett Redfearn as director of the agency's trading and markets division. The job is one of the last major positions new SEC Chairman Jay Clayton still had to fill. During his career, Redfearn has served on the boards of Bats Global Markets and the...

  • *SEC charges Rio Tinto and top executives with fraud. *Executives concealed problems with Mozambique assets- SEC. *Company raised money while misinforming the market- SEC.

  • Oct 18- The U.S. Securities and Exchange Commission has charged mining company Rio Tinto and two of its former top executives with inflating the value of coal assets in Mozambique and concealing critical information while tapping the market for billions of dollars. The FCA also said on Tuesday it had reached a settlement with Rio Tinto under which the company...

  • *SEC charges Rio Tinto and top executives with fraud. *Executives concealed problems with Mozambique assets- SEC. *Company raised money while misinforming the market- SEC.

  • SYDNEY, Oct 18- The U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars. 2007- India's Tata Steel signs a joint venture with...

  • *SEC charges Rio Tinto and top executives with fraud. *Executives concealed problems with Mozambique assets- SEC. *Company raised money while misinformation in the market- SEC.

  • NEW YORK, Oct 17- The U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique acquired for $3.7 billion and sold a few years later for $50 million. In a lawsuit filed in U.S. federal court in Manhattan, the SEC said Rio Tinto,...

  • NEW YORK, Oct 17- The U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique acquired for $3.7 billion and sold a few years later for $50 million. In a lawsuit filed in U.S. federal court in Manhattan, the SEC said Rio Tinto,...

  • NEW YORK, Oct 17- A proposed regulatory experiment to test the effects of lowering stock exchange fees could end up making stocks harder to trade and should be delayed pending a comprehensive market review, the three largest U.S. stock exchange operators said in a letter to the Securities and Exchange Commission. "Harming this critical component of our markets...

  • SAO PAULO/ BRASILIA, Oct 16- JBS SA has pulled a planned $500 million U.S. initial public offering of processed food subsidiary JBS Foods International BV, almost six months after a spree of corruption and food safety scandals in Brazil hurt investor demand for the deal. In a Friday filing with the U.S. Securities and Exchange Commission, JBS Foods International...

  • SAO PAULO/ BRASILIA, Oct 16- JBS SA has pulled a planned $500 million initial public offering of processed food subsidiary JBS Foods International BV, almost six months after a spree of corruption and food safety scandals in Brazil hurt investor demand for the deal. In a Friday filing with the U.S. Securities and Exchange Commission, JBS Foods International...

  • Oct 13- Two Chinese investors, vying for a piece of the Chicago Stock Exchange, withdrew in the past two weeks, after the U.S. Securities and Exchange Commission sought more details from the participants about their bid, the Wall Street Journal reported. A Chicago Stock Exchange spokesman and the SEC declined to comment. In August, the SEC put on hold a decision...

  • SAO PAULO, Oct 10- Mining company Nexa Resources SA, formerly Votorantim Metais Holding SA, and its controlling shareholder expect to raise between $576 million and $651 million in its initial public offering in New York and Toronto. In a filing with the U.S. Securities and Exchange Commission, Nexa said parent Votorantim SA, Brazil's largest diversified...

  • WASHINGTON, Oct 10- The AFL-CIO, a federation of labor unions, on Tuesday called on the U.S. Securities and Exchange Commission to investigate a few large trades in the stock of student loan servicer Navient Corp that occurred just before a government announcement favorable to the company was made public. In the letter sent to the SEC on Tuesday, a copy of which was...

  • WASHINGTON, Oct 10- The AFL-CIO, a federation of labor unions, on Tuesday called on the U.S. Securities and Exchange Commission to investigate a few large trades in the stock of student loan servicer Navient Corp that occurred just before a government announcement favorable to the company was made public. In the letter sent to the SEC on Tuesday, a copy of which was...

  • WILMINGTON SAYS $60 MILLION INCLUDES $16 MILLION PREVIOUSLY PAID TO U.S.

  • The agreement includes a civil forfeiture of $44 million and $16 million previously paid by Wilmington Trust to the Securities and Exchange Commission in a related lawsuit. While the bank did not admit liability, Weiss said Wilmington Trust had accepted responsibility for its actions, and that the $44 million forfeiture represents proceeds that can be...

  • The verdict will allow the SEC to ask a federal judge to impose an injunction and order Present to forfeit earnings and pay penalties. The SEC sued Present in 2014 on the same day it announced F-Squared had agreed to pay $35 million and admit wrongdoing to resolve claims it misled investors by falsely advertising the performance of an investment product called...

  • A federal jury in Boston sided with the U.S. Securities and Exchange Commission in finding that former F-Squared CEO Howard Present intended to defraud investors or was reckless in how he touted the history of his firm's flagship investment product.

  • FORMER F-SQUARED INVESTMENTS INC CEO FOUND LIABLE IN U.S.