Donald Johnson, a senior executive of the exchange’s market intelligence desk, faces up to 20 years in prison for trading on secret corporate information Donald Johnson had a privileged role at the Nasdaq Stock Market.Read full story
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Topix SEC NewsThe government on Sunday appointed two more members of the Securities and Exchange Commission, the capital market regulatory body.Read full story
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Topix SEC NewsFBCCI president AK Azad on Sunday said constrained trade and investment caused by rising interest rate and liquidity crisis in the banks threatened to bring about economic stagnancy in the country.Read full story
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Topix SEC NewsCyprus Securities and Exchange Commission is exerting efforts to expedite the announcement of a decision by Fitch ratings agency for the evaluation of the Cypriot economy, in a bid to safeguard the credibility of the Cypriot Stock Exchange .Read full story
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THE Cambodia Securities Exchange will launch on July 11 though trading may not begin until months later, according to a letter from the Ministry of Economy and Finance.Read full story
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Federal regulators are adopting a new system of paying awards to whistleblowers who report fraud or other violations at companies to the government.Read full story
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A politically divided Securities and Exchange Commission was poised to approve a program of rewards for whistleblowers Wednesday over the objections of the two Republican commissioners, sources close to the process said.Read full story
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Martha Stewart thinks her brand is worth more. The company that bears her name, Martha Stewart Living Omnimedia Inc., said Wednesday it has hired investment company Blackstone Advisory Partners to explore partnerships and investments, triggering speculation the whole company is for sale.Read full story
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In a split vote, the Securities and Exchange Commission decided Wednesday to adopt controversial regulations that would allow whistleblowers to be rewarded between 10% and 30% of the sanctions collected in successful enforcement cases.Read full story
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FINRA Chairman and CEO Rick Ketchum’s keynote address from the 2011 FINRA Annual Conference.Read full story
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Topix SEC NewsAs the U.S. government steps up investigations of companies suspected of paying bribes overseas, law enforcement officials are leaving much of the detective work to the very corporations under suspicion.Read full story
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Topix SEC NewsThe Securities and Exchange Commission has announced that Craig M. Lewis has been named SEC Chief Economist and Director of the Division of Risk, Strategy, and Financial Innovation .Read full story
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Schawk Inc , a provider of digital imaging graphic services, said it may face U.S. Securities and Exchange Commission civil charges relating to a 2008 restatement, and its shares fell as much as 8.9 percent.Read full story
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Fifth Third is examining trading that caused some of its preferred securities to drop in value on extremely heavy volume last week, according to a report.Read full story
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Topix SEC NewsBrokerage’s exec says regulatory body for advisers would benefit B-Ds and investors; ‘incredibly uneven playing field’ By Mark Schoeff Jr.Read full story
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Topix SEC NewsRapee Sucharitakul, executive chairman of Kasikorn Asset Management Co, an arm of Kasikornbank, has given written notice of his resignation, effective on June 30, to take a break after having worked for 25 years.Read full story
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Topix SEC NewsAguilar, Gallagher tipped for relatively painless confirmation process By Mark Schoeff Jr.Read full story
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Commission wants complaints lodged via e-mail, fax or online - but not by phone; what would McGruff think? By Dan Jamieson May 20, 2011 3:56 pm ET When financial investigator Edward “Ted” Siedle recently tried to call the Securities and Exchange Commission with a tip, he discovered the SEC’s whistle-blower office had no phone number.Read […]
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Topix SEC NewsSAC Capital Advisors LLP is under investigation by a powerful U.S. Republican Senator for 20 possible instances of insider trading, the Wall Street Journal reported on Saturday, citing unnamed sources familiar with the situation.Read full story
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Topix SEC NewsAngry investors hold a rally in front of the Dhaka Stock Exchange building in January after share prices suffered a steep fall.Read full story
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This podcast, the first in a two-part series on the Foreign Corrupt Practices Act, focuses on the anti-bribery provisions, which apply to every FINRA firm.Read full story
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Topix SEC NewsAlthough he would be described later by friends - in a conversation captured on an FBI wiretap - as being on the verge of “a massive implosion,” Rajat K. Gupta appeared relaxed as he greeted hundreds of guests on the manicured lawns of his estate in Westport, Conn., on the afternoon of June […]
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Topix SEC NewsBelk Inc. has completed a $55 million share-repurchase program, according to a company filing with the Securities and Exchange Commission.Read full story
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A Venezuelan man has pleaded guilty to charges that he aided an attempted cover-up of a massive, Connecticut-based pyramid scheme.Read full story
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Delta Air Lines Inc. posted a $318 million loss in the first quarter, driven by rising fuel prices.Read full story
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A Sheridan businessman has reached a settlement with the Securities and Exchange Commission in a case alleging he bilked investors, engaged in illegal trading practices and misappropriated funds.Read full story
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This podcast, the first in a two-part series on the Foreign Corrupt Practices Act, focuses on the anti-bribery provisions, which apply to every FINRA firm.Read full story
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On May 10, 2011 and May 11, 2011, William Greehey, a director at NuStar Energy L.P. , purchased a total of 76,000 common units at an average price of about $63.62 per common unit.Read full story
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Topix SEC NewsSix investors participated in the latest tranche of funding received by mobile application developer ATX Innovation Inc.Read full story
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Topix SEC NewsSeattle securities lawyers David M. Otto and Todd Van Siclen have been ordered to pay almost $250,000 in penalties and fees by a Western Washington district court judge for violations of Securities and Exchange Commission rules surrounding penny-stock trading.Read full story
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Warren Buffett’s company added a new stake in MasterCard Inc. during the first quarter, but made few other changes in its holdings.Read full story
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Topix SEC NewsMcNabb opposes excess capital requirements or floating rate NAV; ‘will disappear’ By Liz Skinner May 16, 2011 2:28 pm ET Rule changes that federal regulators are considering in an effort to strengthen money market funds during periods of economic turmoil could actually kill the $2.7 trillion industry, according to Willia, McNabb III, chairman […]
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The third-largest securities exchange operator in the U.S. on Friday kicked off its push for an IPO with BATS Global Markets Inc.Read full story
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A former hedge fund manager has been charged with defrauding investors in a federal indictment on Friday, nearly two years after the fund collapsed under the weight of failed real estate loans.Read full story
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The CEO of E-Trade Financial Corp. received about $3 million in total compensation in 2010, after joining the financial services company in April of last year to lead its campaign to recover from credit losses linked to bad loans during the financial crisis.Read full story
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Topix SEC NewsFederal criminal authorities are investigating whether a former U.S. securities regulator inappropriately represented alleged fraudster Allen Stanford after he left the agency in 2005.Read full story
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RehabCare disclosed the settlement in a regulatory filing Thursday with the U.S. Securities and Exchange Commission.Read full story
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A New York businessman who drew the Securities and Exchange Commission’s attention in the 1990s is now facing criminal charges of swindling investors out of more than $1.2 million.Read full story
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Google Inc.’s lucrative online advertising system is facing a U.S. Justice Department investigation that is expected to cost the Internet search leader at least $500 million.Read full story
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The Northern Pass parent companies have told the federal government they believe the international power transmission line will be able to gain the needed rights of way for the proposed project to be built.Read full story
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Topix SEC NewsA Costa Rican company wants a federal judge in Miami to throw out a settlement of foreign bribery charges between the U.S. government and French telecommunications firm Alcatel-Lucent SA.A hearing is set for Wednesday on the deal that calls for Alcatel to pay a combined $137 million to avoid prosecution under the Foreign […]
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U.S. House Republicans are mounting a last-ditch effort to influence a corporate whistleblower rule that companies fear will drive cash-hungry tipsters directly to the government, undermining internal compliance programs.Read full story
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The last podcast in a three-part series on FINRA’s 2011 examination priorities, as addressed in FINRA’s annual letter to firms.Read full story
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Policy makers Tuesday will debate ways to make the $2.7 trillion money-market fund industry pay for any future rescue, with fund managers and regulators at odds over the best way to keep taxpayers from footing the bill.Read full story
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The trustee seeking money for Bernard Madoff’s victims announced a $1 billion settlement with liquidators for three “feeder” funds tied to Fairfield Greenwich Group, allowing higher payouts to the swindler’s former customers.Read full story
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Like most big-shot investors or Wall Street CEOs, Warren Buffett doesn’t get overly worked up about quarterly earnings - except when they’re good.Read full story
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Going public: Professional networking website LinkedIn Corp. plans to sell shares to investors for $32 to $35 each in an initial public offering.Read full story
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The bad years in banking have turned out just fine for at least two Washington banks.Read full story
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Topix SEC NewsThe 50 highest-paid CEOs for 2010 in an Associated Press analysis for Standard & Poor's 500 companies.Read full story
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Topix SEC NewsA UBS AG banker wanted to win an investment deal with a Rhode Island municipality that was to be awarded to the highest bidder.Read full story
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The Securities and Exchange Commission has charged six executives of bankrupt Brooke Corp.Read full story
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Wells Fargo says it has not set aside enough money for possible legal costs related to foreclosure practices.Read full story
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JPMorgan Chase, the only Wall Street bank to remain profitable throughout the financial crisis, is in ‘advanced’ negotiations to resolve its piece of a broader Securities and Exchange Commission investigation into how mortgage-linked securities were packaged and sold as the housing market unraveled.Read full story
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Revisit the latest FINRA Notices, compliance resources and news from April 2011.Read full story
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Topix SEC NewsThe Justice Department joined an employee whistleblower suit against Education Management Corp., intervening for the first time in the student recruitment practices at for-profit colleges.Read full story
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Topix SEC NewsIn Warren Buffett’s view, he was as ruthless as ever. The chairman of Berkshire Hathaway - who has faced scrutiny for weeks after revelations that a top lieutenant, David L. Sokol, bought $10 million of shares of Lubrizol while orchestrating an acquisition of the company - has been criticized for his initial response […]
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Schottenstein Realty Trust set terms for an initial public offering in a filing yesterday with the U.S. Securities and Exchange Commission, an indication that the offering could follow within a matter of days.Read full story
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The Securities and Exchange Commission pulled out all the stops when it tapped University of Texas law professor Henry Hu to head the first new division created at the agency in 37 years.Read full story
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Topix SEC NewsRockwell Automation Inc. said Tuesday that it will pay $400,000 and forfeit $1.8 million in profits, plus interest, in a settlement with the U.S. Securities and Exchange Commission regarding civil violations of the U.S. Foreign Corrupt Practices Act that occurred in 2006.Read full story
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The first podcast in a three-part series on FINRA’s 2011 examination priorities, as addressed in FINRA’s annual letter to firms.Read full story
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Part two in a three-part series on FINRA’s 2011 examination priorities, as addressed in FINRA’s annual letter to firms.Read full story
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They claim the firm publishes incomplete, outdated information May 1, 2011 6:01 am ET BrightScope Inc.’s new free website, which allows investors to look up financial advisers, already has sparked controversy.Read full story
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Topix SEC NewsBillionaire investor Warren Buffett conceded Saturday that the Securities and Exchange Commission has requested information from officials at his Berkshire Hathaway holding company for information about the controversial stock purchase of former Berkshire manager David Sokol, but added that the SEC as of now has not launched a full-scale …Read full story
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Topix SEC NewsThe U.S. Securities and Exchange Commission will return to work on mutual-fund fees “with full force” once it gets past the July deadline for many Dodd-Frank Act rules, SEC Commissioner Elisse Walter said.Read full story
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Topix SEC NewsLast year was lucrative for most Central Florida executives, who watched their paychecks grow along with profits.Read full story
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Topix SEC NewsWall Street banks and major market players will deliver a mixed message to U.S. regulators at a meeting this week: hurry up and tell us what you are going to do, but give us more time to respond before you do it.Read full story
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