The Securities Exchange Commission on Thursday charged a New York-based trading firm of manipulating the closing price of thousands of Nasdaq-listed stocks from June to December 2009.
The U.S. Securities and Exchange Commission (SEC) is a federal agency. It holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges, and other electronic securities markets in the United States. The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
The SEC accuses two men of insider trading ahead of Pershing Square Bill Ackman's announcement that his fund had taken a short position on Herbalife.
Two former Wells Fargo employees charged with insider trading in advance of research reports containing ratings changes.
An anonymous tipster living abroad will be receiving more than $30 million, in the largest whistleblower award ever doled out by U.S. securities regulators as part of a program that aims to incentivize insiders to report wrongdoing.
Mary Jo White will take just a little off the top.
A test program to change the way small-company stocks are traded could slow high-frequency action, though some market participants worry that the initial steps are too tepid.
UBS has said it had expanded the number of employees that are subject to internal background checks to around 15 percent of its workforce in a move than came in the wake of numerous scandals.
The U.S. Securities and Exchange Commission is investigating whether JPMorgan Chase inappropriately steered private-banking clients to its own investment products and away from those offered by outside firms, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Morgan Stanley reduced second-quarter earnings per share by 2 cents after reaching agreements to end mortgage-related lawsuits. The firm said it may face additional claims from authorities in California.
Citigroup’s rotten bonds have left a New York judge with sour grapes.