The Securities and Exchange Commission filed civil fraud charges Wednesday against a California-based broker-dealer firm for facilitating market timing.The SEC charged broker-dealer National Clearing Corp., its parent company, JB Oxford Holdings Inc., and three NCC executives for facilitating late trading and market timing by certain NCC customers. The SEC’s complaint alleges that from June 2002 […]
Failed to disclose payments for providing research coverage of public companies
U.S. and British securities regulators are teaming up to sanction Royal Dutch Shell for massively overstating its proven reserves.The U.S. Securities and Exchange Commission and Britain’s Financial Services Authority announced Tuesday settlement of an enforcement action against Royal Dutch Petroleum Co. and The Shell Transport and Trading Co. plc, in connection with their overstatement of […]
SIA says new rule will eliminate potential conflicts of interest
Regulator committed to fulfill its investor protection mandate
Firm to pay total US$2 million in fines and will be censured by NYSE
Franklin Advisers to pay US$50 million
SEC releases report on attack trading investigation
The Securities and Exchange Commission has voted, in a split decision, to propose a controversial new rule requiring hedge fund advisors to register.The decision was nominally along party lines, with SEC chairman Bill Donaldson siding with the so-called Democratic commissioners in a three-to-two decision in favour of the new rule. The split decision highlights the […]
SEC files civil charges against former Enron chairman