Securities and Exchange Commission News

The Securities and Exchange Commission has extended the period for commenting on its proposed standard for the maintenance of automated systems used in securities trading by 45 days.

Subpoenas have been issued for SAC's Steven Cohen and other employees, The New York Times reports.

Legg Mason's move comes as a growing number of mutual fund companies consider offering funds in which the net asset value floats, rather than remains fixed.

A recent opinion from the Southern District of New York interpreting the 'means of interstate commerce' under the Foreign Corrupt Practices Act , has opened the door for the United States federal judiciary to exercise jurisdiction over virtually any Internet communication, even when the communication both originates and terminates outside the ... (more)

Callon Petroleum Company today announced that it is commencing an underwritten public offering of non-convertible Series A Cumulative Preferred Stock .

Westwood, Mass. based English Helper Inc. has secured a new round of funding. The developer of software to help non-English speaking people learn the English language raised $750,000, according to documents filed by the U.S. Securities and Exchange Commission.

The day may come when the worst nightmare a crooked banker or compromised regulator can have begins with the words, "You have a letter from Senator Warren." But before we get to that, here's an experience that may seem familiar: You're at a party or family get-together - a Sunday barbecue, perhaps - and someone says something like, "We need less ... (more)

Dell last week again blamed Windows 8 for contributing to a decline in PC sales revenue during the quarter that ended May 3. "Windows 8 has been, from our standpoint, not necessarily the catalyst to drive accelerated growth that we had hoped it would be," said Brian Gladden, Dell's CFO, in a call last week with Wall Street analysts to discuss the ... (more)

Joe Nacchio's scheduled release from a halfway house in September will effectively mark the end of the legal tsunami that resulted from federal investigations of Denver-based Qwest more than a decade ago.

Legislation cleared the House on Friday that would place stricter requirements on the federal agency overseeing Wall Street to assess the costs and benefits of its regulations before they are issued.

In Harrisburg, Pennsylvania's cash-hungry capital city, local political battles are waged much as they are across the United States: with big personalities and bare-knuckled verbal brawls.

Here's how the state's members of Congress voted on major issues in the week ending Friday, May 17.

A key Senate Republican is asking U.S. securities regulators to extend for three months the time allotted for public comment on proposed rules aimed at fighting trading glitches on exchanges and clearinghouses.

Why Does Comcast Refuse to Tell Shareholders How NBC, MSNBC and CNBC Reduce the Risk of Libel Suits? Company Brought In Outside Law Firm to Help It Fight Shareholder Who Simply Asked for a Report on Fact-Checking Procedures at NBC, MSNBC and CNBC Comcast CEO to Be Asked How Its Networks Make Certain Its Broadcasts are Accurate, and Why It is ... (more)

ISLAMABAD: The Securities and Exchange Commission of Pakistan registered 327 new limited liability companies during April this year, raising the corporate portfolio to 62,203 companies.

Senior executives at Indiana's public companies last year received, on average, more in perks than the typical Hoosier earned all year, IBJ found after reviewing Securities and Exchange Commission documents for more than 60 Indiana companies.

SAC Capital Advisors LP, Steven Cohen 's $15 billion hedge-fund firm, told investors it's no longer cooperating unconditionally with the U.S. government's insider-trading investigation.

A sharp drop that drove Anadarko Petroleum Corp.'s to a penny in the last second of trading Friday exposes a vulnerability in trading rules adopted last month to curb sharp stock swings.

Editor's note: Al Franken, a Democrat, is a U.S. senator from Minnesota. Roger Wicker, a Republican, is a U.S. senator from Mississippi.

Thailand's asset-management industry has been voted third-best in the world, according to a global investor survey revealed by the Securities and Exchange Commission.