Account was used to conduct a high-tech market manipulation scheme
SEC prepared to deal with possible disruptions
Defendants Include hedge funds, lawyers and professionals at UBS, Bear Stearns, and Morgan Stanley
Credit rating agency would be required to apply for registration
Expanded program would enable mutual funds to submit data tagged risk/return summary information
Townes agrees to pay US$150,000 penalty
Extension gives automated trading centers more time to rollout new or modified trading systems
Combination of major U.S. and European stock exchanges marks a notable step in the continuing globalization of the world’s capital markets, says SEC chairman
SEC urged to implement moratorium on market data rulings
The U.S. Securities and Exchange Commission today announced that yet another fund company will settle market timing and late trading charges. The SEC reported that Fred Alger Management Inc. and Fred Alger & Company Inc. will pay US$40 million to settle the commission’s charges that the companies allowed market timing and late trading in the […]