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Government Agencies SEC

  • NEW YORK, July 14- Cost-cutting U.S. brokerage and asset manager Charles Schwab Corp is making plans to launch what could be its first new exchange-traded funds in nearly four years, a filing with U.S. regulators showed on Friday. The filing with the U.S. Securities and Exchange Commission did not disclose fees, but San Francisco- based Schwab has grown its share of...

  • Hacking hacker

    Federal prosecutors allege that MIT research scientist Fei Yan's profits came from confidential information he obtained from his wife.

  • In his first major address since becoming chairman of the U.S. Securities and Exchange Commission earlier this year, Jay Clayton laid out his regulatory philosophy for how he plans to run the agency and said the SEC staff was working to prepare proposals aimed at reforming the rules on disclosure. But his comments broadly called for efforts to scale back...

  • Martin Shkreli, former chief executive officer of Turing Pharmaceuticals AG, right, exits federal court with his attorney Benjamin Brafman in the Brooklyn borough of New York, June 29, 2017.

    Shkreli allegedly ignored calls to limit trading of investors' money, telling Retrophin chairman "I can get rid of you whenever I need to."

  • In his first major address since becoming chairman of the U.S. Securities and Exchange Commission earlier this year, Jay Clayton laid out his regulatory philosophy for how he plans to run the agency and said the SEC staff was working to prepare proposals aimed at reforming the rules on disclosure. But his comments broadly called for efforts to scale back...

  • In his first major address since becoming chairman of the U.S. Securities and Exchange Commission earlier this year, Jay Clayton laid out his regulatory philosophy for how he plans to run the agency and said the SEC staff was working to prepare proposals aimed at reforming the rules on disclosure. But his comments broadly called for efforts to scale back...

  • However, his comments broadly called for efforts to scale back unnecessary corporate disclosures, reduce compliance burdens on small and mid-sized companies, ramp up the enforcement division's focus on protecting retail investors from run-of-the-mill frauds, and taking better care to retrospectively review SEC rules to ensure they are having the...

  • Martin Shkreli

    Martin Shkreli's lawyer has claimed investors and co-workers questioned his sexuality behind his back.

  • Martin Shkreli

    Shkreli's hedge funds never each had more than $1.6 million in accounts, despite his saying he had much more, an accountant testified.

  • Martin Shkreli, former chief executive officer of Turing Pharmaceuticals AG, right, arrives at federal court with his attorney Benjamin Brafman in the Brooklyn borough of New York, on Monday, July 10, 2017.

    But Schuyler Marshall also said it took months of pestering Shkreli to get money back that he had invested in Shkreli's hedge fund.

  • NEW YORK, July 10- Eleven members of Congress asked the U.S. Securities and Exchange Commission on Monday to stop the sale of the Chicago Stock Exchange to a group led by China- based investors, saying the regulator lacks the ability to monitor the foreign buyers. "With little or no insight and transparency into government-dominated Chinese markets, the SEC will be...

  • Martin Shkreli, former chief executive officer of Turing Pharmaceuticals AG, arrives at federal court in Brooklyn, New York.

    Jackson Su testified that the "last straw" was seeing Shkreli take $10,000 in cash from his drug company's account.

  • LAGOS, July 4- Guinness Nigeria on Tuesday launched a share sale to raise 39.7 billion naira from existing shareholders to help lower its financing costs after reporting its first annual loss in 30 years last year. It said it had also received the green light from the Securities and Exchange Commission and the Nigerian Stock Exchange. Last year Guinness...

  • The board set July 19 as the record date for the spinoff of Brighthouse Financial Inc, with shares to be distributed on Aug. 4, subject to approval by the U.S. Securities and Exchange Commission, the company said. On Wednesday, Delaware insurance regulators approved Brighthouse's request to acquire key MetLife businesses operating in Delaware and do business in...

  • The Securities and Exchange Commission said the tool, currently restricted to companies with gross revenues of $1 billion or less, would take effect from July 10. Now that perk will be available for IPOs as well as most offerings made in the first year after a company has entered the public reporting system, the SEC said. How dramatically is yet to be seen, "said...

  • This is the first major policy announcement by new SEC Chairman Jay Clayton, in an effort to help companies raise money more readily. Under current law, all publicly-traded companies with annual gross revenues of $1 billion or less can already file confidential draft IPO paperwork with the SEC. The new rule, which will take effect from Saturday, July 10, would be...

  • June 29- The U.S. Securities and Exchange Commission said on Thursday it would allow all public companies to file confidential draft registration statements prior to initial public offerings, in a move designed to revitalize the IPO market. The new rule will take effect from July 10, the SEC said. New SEC Chairman Jay Clayton has said he wants to reverse the steep...

  • The board set July 19 as the effective date for the spinoff of Brighthouse Financial Inc, with shares to be distributed on Aug. 4, subject to approval by the U.S. Securities and Exchange Commission, the company said. On Wednesday, Delaware insurance regulators approved Brighthouse's request to acquire key MetLife businesses operating in Delaware and do...

  • The board set July 19 as the effective date for the spinoff of Brighthouse Financial Inc, with shares to be distributed on Aug. 4, subject to approval by the U.S. Securities and Exchange Commission, the company said.

  • In a 5-5 split, a panel of 10 judges for the U.S. Court of Appeals for the District of Columbia Circuit effectively rejected a legal challenge by former radio talk show host Raymond Lucia, who had asked the court to review whether the SEC violated the U.S. Monday's decision in the SEC's favor is at odds with the Denver- based 10th U.S. Circuit Court of Appeals, which...