Securities and Exchange Commission News

A woman waits for an elevator in the foyer of the Fort Worth Regional Office of the Securities and Exchange Commission in Fort Worth, Texas June 28, 2012.

The Securities Arbitration Law Firm of Klayman & Toskes, P.A. announced today that it is investigating potential claims against Ameriprise Financial and LPL Financial surrounding allegations of misconduct by former Ameriprise Advisor Services and LPL advisor, Blake B. Richards .

The share drops were the latest such incidents for the market since the May 6, 2010, "flash crash," a computer-driven trading glitch that caused a sudden afternoon tumble in the major U.S. indexes.

A sensible, bipartisan solution to the conflicts of interest that too often arise between credit ratings agencies and the firms that hire them to judge their products should be adopted by the Securities and Exchange Commission.

Without admitting or denying wrongdoing, Neil Morrison, 38, accepted what the SEC said was the first industry ban for violating "pay-to-play" rules governing the $3.7 trillion municipal bond market.

Institutional Shareholder Services settled civil charges by U.S. regulators that an employee of the prominent proxy advisory firm shared nonpublic voting data in exchange for meals and concert tickets.

After dozens of meetings with executives and regulators, 100,000 hours of employee training and an immeasurable amount of public grief, Goldman Sachs Group Inc ( At Goldman's annual meeting on Thursday, Blankfein unveiled details of a three-year review and overhaul of the bank's practices in dealing with clients, following high-profile missteps ... (more)

Construction has begun on the new Cheyenne Prairie Generating Station power plant near Cheyenne, Wyo., for customers of Black Hills Corp.

Former Goldman Sachs banker Neil Morrison agreed to pay $100,000 to settle charges for his role in a pay-to-play scheme involving a Massachusetts gubernatorial campaign, the largest such fine ever levied on an individual, the Securities and Exchange Commission said on Thursday.

The top U.S. securities regulator on Thursday filed civil fraud charges against a former LPL Financial LLC adviser, charging he diverted some $2 million of client funds to use for personal expenses.

Institutional Shareholder Services agreed to the penalty in a settlement announced Thursday with the Securities and Exchange Commission.

While Murthy, who was sacked for hiding a relationship with a subordinate, will not get anything from the severance package, he is still eligible for USD 6,000 per month as post-termination benefit.

Luxoft Holding, Inc, a subsidiary of IBS Group Holding Limited, has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its Class A ordinary shares.

Gallitano, a WellCare director since 2009, succeeds Charles Berg , who stepped down from the board at the end of today's annual shareholders' meeting.

CST Brands Inc., one of the largest independent retailers of motor fuels and convenience merchandise in North America, reported that its net income for first-quarter 2013 was $21 million, compared to $14 million for first-quarter 2012, within the range of $17 million to $23 million it announced in conjunction with its offering of senior notes in ... (more)

The city of South Miami, Florida, defrauded investors by not disclosing problems with the tax-exempt status of two bond deals, U.S. securities regulators said on Wednesday in their second municipal bond fraud enforcement action this month.

The City of South Miami has agreed to settle charges by the Securities and Exchange Commission that it defrauded bond investors regarding the tax-exempt financing eligibility of a mixed-use retail and parking structure being built in its downtown commercial district.

Immune Pharmaceuticals Ltd. , a privately held Israeli company, and EpiCept Corporation announced today that Daniel Teper, Chief Executive Officer of Immune, will be presenting at the BioEquity Europe 2013 conference at the Varumottagning Sheraton Hotel in Stockholm, Sweden on Thursday, May 23, at 1:30 PM local time in the St.

Targeting Tea Party groups for scrutiny, even if through incompetence, not intention , turned the IRS into a nasty carbuncle on the governing body.

Dish Network Corp. played up a Sprint Nextel Corp. suitor's ties to China as new plot points unfolded Tuesday in the Sprint-Dish-SoftBank Corp.-Clearwire Corp.