The U.S. Securities and Exchange Commission said it was dropping its civil insider trading cases against former SAC Capital Advisors LP portfolio manager Michael Steinberg in the latest reminder of the government’s suddenly-shaky prosecution of the hedge-fund firm.
Perhaps Goldman Sachs needs to hire compliance staff to monitor its compliance staff. That's the takeaway after reading insider trading charges the Securities and Exchange Commission has leveled against a former associate in Goldman's compliance division, who monitored activity in the firm's vaunted investment banking unit. Instead of using their seat at [...]
The Securities and Exchange Commission is charging a former Goldman Sachs employee with using the company's own surveillance software to access insider information on upcoming takeovers and make illicit trades.Yue Han made more than $450,000 in illicit profits by buying shares of Yodlee, Zulily, Rentrak and KLA-Tencor Corp, the regulator said today. Show More Summary
Friday, October 30th 2015, has become a historical milestone for all startup businesses, small to medium-sized companies, and investors in the United States. It is the day that the Securities and Exchange Commission (SEC) finalized the...Show More Summary
The war of words between upstart trading venue IEX and the New York Stock Exchange has taken a new turn. In a letter to the Securities and Exchange Commission, IEX took aim at NYSE, saying it empowers high-speed-trading firms in a way that widens the information gap between these firms and slower-moving investors. Show More Summary
The Securities and Exchange Commission is investigating discrepancies in share prices of unicorns. Here's why that affects any startup looking to raise investment funding.
Arthur Levitt is incensed. That doesn’t happen all that often. It takes a lot to make the level-headed, even serene, former Securities and Exchange Commission chairman angry. (Full disclosure: Levitt is a director of Bloomberg LP). What has Levitt riled up these days is the deepening politicization of the agency he ran for eight years....Read More
Not only did Tinder cofounder and CEO Sean Rad comes off as extremely dumb in a recent interview, he may have violated the Security & Exchange Commission’s quiet period for Tinder’s imminent IPO. What’s the word for that? Read more....
Congress must cooperate with a U.S. Securities and Exchange Commission subpoena, a Manhattan judge rules. The D.C. Circuit refuses to stop the NSA's bulk collection of phone records, a program that's set to expire at the end of the month. Show More Summary
What's going on in the Golden State? The Securities and Exchange Commission just published its annual report on whistleblowers, and disclosed that California generated 646 tips to the federal agency. That's more than double the number of tips generated in New York (261), the state with the second-highest number of whistleblowers. Show More Summary
Canadian Solar has submitted documentation to the U.S. Securities and Exchange Commission for a proposed yieldco IPO. One advantage of a yieldco is the ability to pass untaxed earnings to investors. Net operating losses can help such a company to reduce its tax burden and sometimes to not owe taxes. Show More Summary
(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Monday said it reduced its investment in Goldman Sachs Group Inc by 13 percent during the third quarter. In a U.S. Securities and Exchange Commission filing, Berkshire said it owned 10.96 million Goldman shares worth about $1.9 billion as of Sept. Show More Summary
Atlassian has filed its prospectus with the US SEC, outlining its homespun values, including ‘Don’t #@!% the customer’.
The rumours have been circling for months, but a document filed with the U.S. Securities and Exchange Commission has finally confirmed it: Australian tech darling Atlassian is going public on the American stock market. Founded by Scott...Show More Summary
Atlassian, the Australian enterprise collaboration software vendor, has filed its S-1 document with the Securities Exchange Commission to go public on the American markets. Goldman Sachs and Morgan Stanley are underwriting. SEE ALSO:...Show More Summary
Atlassian, the company behind collaboration software like HipChat and JIRA, has filed paperwork with the United States Securities and Exchange Commission (SEC) to go public. The company is seeking to raise $250 million from the public market through its Initial Public Offering (IPO) and will trade on the NASDAQ stock exchange under the symbol “TEAM”. The […]
Billionaire Steve Cohen said in a filing with the Securities & Exchange Commission that his enormous family office, Point72 Asset Management, had recently accumulated a position in Weight Watchers’ stock that amounts to 6% of the company.
James Alan Craig, of Dunragit, Scotland, allegedly made up Twitter accounts to replicate that of "well-known securities research firms," according to the Securities and Exchange Commission. Then he made up information about stocks in order to manipulate their prices, said a complaint the regulator filed against the man in California. Show More Summary
Up until now, entrepreneurs raising money through crowdfunding platforms such as Kickstarter promised their backers products in exchange for funding. But last week the Securities and Exchange Commission approved a law allowing the general public to participate in equity crowdfunding...
New crowdfunding rules under the JOBS Act give issuers access to a much larger group of investors — but under certain conditions. (image credit: Pictures of Money on Flickr cc) Last week, the Security and Exchange Commission signed off on new regulations under the JOBS Act allowing average investors to buy [...]