The U.S. Securities and Exchange Commission has charged 11 individuals who it alleges were involved in separate insider trading schemes ahead of corporate merger announcements, the regulator said Wednesday.The SEC alleges that five individuals, including a former investment banker at Goldman Sachs & Co. and a former financial analyst at a subsidiary of Hartford Financial […]
The U.S. Securities and Exchange Commission has created a new position to lead its pursuit of diversity in the workplace.The SEC announced that Ronald Crawford will become the agency’s first chief counsel for diversity and policy initiatives within the Office of Human Resources. Crawford is currently the senior associate regional director in the SEC’s Atlanta […]
Proposals would give shareholders say on TARP pay
SEC charges two advisors for conducting similar schemes
Administrator and CEO of Antigua’s Financial Services Regulatory Commission is implicated in Ponzi scheme
The proposals would lead companies to analyze how compensation impacts risk taking and the implications for long-term corporate health
Husband of a Merrill Lynch Canada employee tipped information to two others who made trades based on it
The U.S. Securities and Exchange Commission is the latest securities regulator to announce the creation of an investor advisory committee to give investors a greater voice in regulation.SEC chairman Mary Schapiro announced Wednesday the formation of the committee, and commissioner Luis Aguilar will serve as the primary sponsor of the committee. It will be charged […]
The U.S. Securities and Exchange Commission announced finalized settlements with RBC Capital Markets, Bank of America, and Deutsche Bank, to resolve charges that they misled investors regarding the liquidity risks associated with auction rate securities that they underwrote, marketed, or sold.The SEC announced preliminary settlements with RBC and Bank of America last October 8. Wednesday’s […]
U.S. securities regulators have charged several brokers with fraud for selling collateralized mortgage obligations (CMOs) as securities suitable for risk-averse investors.The U.S. Securities and Exchange Commission filed a complaint in federal district court in West Palm Beach, Fla., alleging that 10 brokers who worked for now-defunct Brookstreet Securities Corp. did not clearly define the risks […]