The Securities and Exchange Commission said that a company in the US state of California and two executives have been cited for using baseless financial projections in a plan to manufacture environmentally friendly building material...
By Mark Miller CHICAGO (Reuters) - The warning is posted in fine print at the bottom of all mutual fund advertisements: “Past performance does not guarantee future results.” The U.S. Securities and Exchange Commission requires it. But...Show More Summary
(Reuters) - The U.S. Securities and Exchange Commission on Thursday fined 13 investment advisory firms for spreading false claims made by the now defunct F-Squared Investments Inc, one of the largest marketers of investment products using exchange-traded funds. Show More Summary
By Koh Gui Qing (Reuters) - Billionaire investor Wilbur Ross' investment firm WL Ross & Co agreed on Wednesday to pay a $2.3 million fine to the Securities and Exchange Commission to settle charges that it did not properly disclose some fees it charged investors. Show More Summary
By Suzanne Barlyn (Reuters) - The U.S. Securities and Exchange Commission has charged 71 municipal bond issuers, including the states of Hawaii and Minnesota, as well as related entities, for using offering documents that misled investors, the agency said on Wednesday. Show More Summary
Apollo Global, the $186 billion private equity firm co-founded by billionaire, has agreed to pay $52.7 million to resolve Securities & Exchange Commission charges that its private equity funds misled investors about fees. The SEC claims that Apollo’s investors did not fully know about payments the private equity firm would receive before Apollo accelerated […]
Viacom confirmed on Saturday that chief executive Philippe Dauman will leave on 13 September after his bitter dispute with owner Sumner Redstone. Now, a Securities and Exchange Commission filing has revealed how Dauman's estimated $72...Show More Summary
NEW YORK (Reuters) - In one of the U.S. Securities and Exchange Commission's biggest cases tied to the 2008 financial crisis, former Fannie Mae Chief Executive Daniel Mudd has reached a settlement for $100,000, according to court papers filed on Monday. Show More Summary
Note to startups: don't buy your own mayo. The Securities and Exchange Commission is reportedly investigating Hampton Creek, the potentially $1 billion company that was caught buying large quantities of the vegan mayonnaise it produces. Hampton...Show More Summary
A former employee of Deutsche Bank who helped to reveal the financial institution’s false account statements has refused to accept a multimillion-dollar award from the Securities and Exchange Commission (SEC), The Financial Times reports.
Neuromama, the company's whose market value spiked to $35 billion before trading was halted by the Securities and Exchange Commission, has apparently fired back at what it called "incorrect" stories about the business. We say apparently...Show More Summary
For years, insurance provider Health Net Inc. used illegal severance agreements to try to keep departing employees from talking to state and federal officials about company violations, the U.S. Securities and Exchange Commission said Tuesday. The Woodland Hills company agreed to pay a $340,000...
The Securities and Exchange Commission said the trader, Edwin Chin, misled customers into paying more for residential mortgage-backed bonds.
Jeff Ubben and his activist hedge fund ValueAct have taken a $1.1 billion stake in investment bank Morgan Stanley, according to filings with the Securities and Exchange Commission released Monday. While it is still unclear if the stake...Show More Summary
Donald Lathen, a hedge fund manager at Eden Arc Capital Management, has been charged with a fraudulent scheme involving the terminally ill. The Securities and Exchange Commission announced Monday that it is pressing fraud charges against...Show More Summary
Here's your bizarre business news of the day. The Securities and Exchange Commission said Monday that it has halted the trading of a firm called Neuromama. The company has a market cap of around $35 billion with shares valued at $56.25...Show More Summary
(Reuters) - The U.S. Securities and Exchange Commission (SEC) said on Monday it had halted trading in shares of Neuromama Ltd because of certain concerns including "potentially manipulative" transactions. The SEC also cited "the identity...Show More Summary
Sen. Elizabeth Warren (D. Mass.) and Securities and Exchange Commission Chairman Mary Jo White never hit it off. But as legal documents highlight, they have something in common: Both have been nettlesome antagonists of Republican presidential candidate Donald Trump.r disappointment.”
Fidelity Investments unveiled plans for a completely new hybrid fund structure on Thursday in a filing with federal securities regulators. The Boston fund giant petitioned the Securities and Exchange Commission to approve what it calls non-transparent exchange traded active funds, or ETAFs. Read the filing here. Read More »
The Securities and Exchange Commission has proposed changes to its disclosure requirements for mining companies that could increase the liability potential of companies that fail to accurately disclose environmentally related risks to their investors.