U.S. Securities And Exchange Commission
State Government: Agencies/Departments/Divisions | State Boards & Commissions
Recent News About U.S. Securities And Exchange Commission
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Priest and hedge fund manager files defamation lawsuit against Bloomberg over news article
Father Emmanuel Lemelson, the chief investment officer of Lemelson Capital Management, argues the article, published in March, has hurt his business and his standing within the Eastern Orthodox Church. Bloomberg had the lawsuit removed to a Massachusetts federal court in August. -
D.C. Circuit affirms SEC's use of administrative law judges
WASHINGTON (Legal Newsline) - On Aug. 9, the U.S. Court of Appeals for the District of Columbia rejected a petition for review of a decision by U.S. Securities and Exchange Commission (SEC) administrative law judges. -
SEC announces penalties for 13 investment advisory firms that allegedly spread false claims
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) has announced penalties for 13 investment advisory firms that allegedly violated securities laws. These companies purportedly spread the false claims made by F-Squared Investments about its flagship product, AlphaSector. -
Fired Wis. employee not a whistleblower; Decision part of circuit split
MILWAUKEE (Legal Newsline) – A recent Wisconsin decision attempting to determine who is a whistleblower under the Dodd-Frank anti-retaliation protection provision is part of a growing split among circuits, a New York attorney says. -
Apollo Global Management to pay $52.7 million after allegedly misleading investors
WASHINGTON (Legal Newsline) — Four private equity fund advisers affiliated with Apollo Global Management will pay $52.7 million for allegedly misleading fund investors about fees on a loan agreement, the Securities and Exchange Commission has announced. -
Health Net to pay $340,000 to resolve alleged whistleblower violations
WASHINGTON (Legal Newsline) — Health Net Inc. will pay $340,000 to resolve allegations of illegally using severance agreements requiring outgoing employees to waive their ability to obtain monetary awards for whistleblowing, the Securities and Exchange Commission (SEC) has announced. -
BlueLinx to pay $265,000 to resolve allegations of violating SEC whistleblower laws
WASHINGTON (Legal Newsline) — BlueLinx Holdings Inc. will pay a $265,000 penalty to resolve allegations of violating securities laws, the Securities and Exchange Commission (SEC) has announced. -
State Street Bank & Trust owes at least $382.4 million
BOSTON (Legal Newsline) — U.S. Attorney Carmen M. Ortiz for the District of Massachusetts, director Andrew J. Ceresney of the Division of Enforcement for the Securities and Exchange Commission (SEC) and U.S. Labor Secretary Thomas E. Perez have announced that State Street Bank and Trust Company will pay $382.4 million after allegations it deceived clients when giving indirect foreign currency exchange (FX) services. -
LAN Airlines to pay more than $22 million after allegations of improper payments
LAN Airlines, a South American-based company, will pay more than $22 million after allegations of improper payments it authorized during a labor dispute, The Securities and Exchange Commission (SEC) announced. -
Chief of SEC whistleblower program departs after 'pro-employee' tenure
WASHINGTON (Legal Newsline) – The U.S. Securities and Exchange Commission (SEC) has announced the departure of its chief of the Whistleblower Program. -
SEC announces $10 million penalty for Merrill Lynch after allegations it misled investors
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) has announced Merrill Lynch will pay $10 million in penalties to settle allegations it misled customers in statements provided to retail investors for structured notes linked to a proprietary volatility index. -
SEC targets investment adviser who allegedly swindled money from pro athletes
DALLAS (Legal Newsline) — The Securities and Exchange Commission (SEC) has announced it has received a court order to freeze Ash Narayan’s assets after allegations the investment adviser secretly defrauded professional athletes. -
Merrill Lynch to pay $415 million after allegations of violating SEC Customer Protection Rule
WASHINGTON (Legal Newsline) — Merrill Lynch will pay $415 million after allegations it misused customer cash to generate profits and failed to protect customer securities from the claims of its creditors, the Securities and Exchange Commission (SEC) has announced. -
SEC takes action against former VP at SAP America for allegations of insider trading
WASHINGTON (Legal Newsline) – The Securities and Exchange Commission (SEC) announced that it has charged Christopher Salis, former global vice president of SAP America, with alleged insider trading. -
Morgan Stanley settles after allegations it failed to protect customer information
NEW YORK (Legal Newsline) – Morgan Stanley Smith Barney LLC will pay $1 million to settle allegations it failed to protect customer information, the Securities and Exchange Commission (SEC) announced. -
SEC announces $17 million whistle-blower award
WASHINGTON (Legal Newsline) – The Securities and Exchange Commission (SEC) announced that it has awarded a $17 million whistle-blower award to a former company employee that significantly helped an SEC case. -
SEC announces deal with two California-based municipal advisory firms
SAN FRANCISCO (Legal Newsline) – The Securities and Exchange Commission (SEC) announced that School Business Consulting Inc. and Keygent LLC will settle allegations of using deceptive practices when soliciting business from five California school districts. -
SEC announces settlement with consultant charged with insider trading
SAN JOSE, Calif. (Legal Newsline) – Guolin Ma, a former consultant to two China-based private equity firms, will pay more than $756,000 to settle allegations of insider trading, the Securities and Exchange Commission (SEC) announced. -
Rising shareholder class actions an 'important issue'
LOS ANGELES (Legal Newsline) – With a Cornerstone Research report recently revealing that the number of accounting securities class action lawsuits went up again in 2015, Dorsey & Whitney LLP partner Thomas O. Gorman told Legal Newsline that “firms would be well advised to carefully evaluate their compliance programs and internal controls to ensure they are effective.” -
SEC whistleblower award recipient came forward for company's reputation
CHICAGO (Legal Newsline) — On Jan. 15, the Securities and Exchange Commission issued a press release saying that the agency had awarded a whistleblower $750,000. Later, the recipient, Eric Hunsader - founder and CEO of Nanex, LLC - identified himself to the press.