High-tech scam hijacked personal computers to disseminate millions of spam emails
Changes will affect foreign private firms using IFRS
The U.S. Securities and Exchange Commission today announced that early results from the Penny Quoting Pilot program show lowered trading costs for retail trades. An analysis of reports from the options exchanges by the Commission’s Office of Economic Analysis indicate that the pilot has been successful in narrowing average quoted spreads, which enables investors to […]
Seven firms may represent themselves as Nationally Recognized Statistical Rating Organizations
MFS Investment Management’s Pozen to chair committee
GLG Partners LP, a hedge fund firm that announced plans to go public yesterday, today agreed to settle with the U.S. Securities and Exchange Commission.The SEC announced settled enforcement actions against London-based hedge fund adviser GLG Partners for illegal short selling in connection with 14 public offerings. It alleged that during a two-year period, GLG […]
Will pay US$2 million penalty; $US19 million in disgorgement
Change triggered by persistent non-compliance
Sharing of examination findings can help compliance officers proactively fine-tune supervisory controls, regulator says
Remaining US$250 million expected to be distributed later this year