Securities and Exchange Commission News

Newscast Media DALLAS-The Securities and Exchange Commission today announced fraud charges and an asset freeze against a trader at a Dallas-based investment advisory firm who improperly profited by placing his own trades before executing large block trades for firm clients that had strong potential to increase the stock's price.

The Securities and Exchange Commission is more active than ever, filing 734 actions in 2012 and seeking an 18.5 percent increase in its 2013 budget.

Carl Clark, who was fired from his job at Georgeson Inc. after exposing a scheme to sell confidential corporate voting data, stands to receive little or no reward for helping regulators crack the case.

Did activist investor Dan Loeb circumvent the Securities and Exchange Commission last week to make an even bigger splash in The New York Times ? It might appear that way considering news of his 6.5% stake in Sony -- not to mention his hand-delivered letter to same calling for a separate public listing of Sony Entertainment -- first appeared in the ... (more)

The Securities and Exchange Commission on Friday charged a Dallas-based broker who allegedly improperly profited by placing his own secret trades ahead of large block trades he executed for clients.

Information contained on this page is provided by an independent third-party content provider.

U.S. regulators will get access to Chinese companies' audit documents under a deal announced on Friday, opening the way to probes of bungled audits after a two-year stand-off between China and the United States.

Wesco Aircraft Holdings, Inc. today announced that in connection with the previously announced public offering of 15,000,000 shares of the Company's common stock by affiliates of The Carlyle Group , the underwriters have exercised their option to purchase an additional 2,250,000 shares from Carlyle at an offering price of $16.00 per share.

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.