Tags » U-S-securities-and-exchange-commission

Active managers face setback as SEC rejects non-transparent ETFs

The U.S. Securities and Exchange Commission rejected plans by BlackRock Inc. and Precidian Investments to open a new type of exchange-traded fund that wouldn’t disclose holdings daily, setting back efforts to bring more actively managed ETFs to market. 747 more words


SEC chair Mary Jo White praises 'enormously successful' whistleblower program

Mary Jo White, the chair of the U.S Securities and Exchange Commission, stopped short of recommending that the her Ontario counterpart adopt a cash-backed whistleblower program — but she praised the SEC’s version as “enormously successful.” 144 more words

FP Street

Majority of U.S. companies inflating shale reserves

Lee Tillman, chief executive officer of Marathon Oil Corp., told investors last month that the company was potentially sitting on the equivalent of 4.3 billion barrels in its U.S. 1,766 more words


Billionaire hedge fund manager offers ‘ethical behaviour bonus’ after last firm fell to insider trading

Billionaire Steven A. Cohen, whose hedge fund SAC Capital Advisors LP shut down this year to settle charges of unprecedented insider trading, plans to reward employees at his new investment firm for demonstrating ethical behaviour. 555 more words


Toronto man one of two charged with insider trading on Bill Ackman's short bet on Herbalife

The hedge fund world often finds itself at the center of insider trading investigations after profiting from corporate secrets. But for the first time, regulators are saying that a hedge fund’s investment plan itself can be the insider secret. 1,105 more words

FP Street

Two Quebecers pay $50,000 apiece in penalties involving a stock-manipulation scheme

Two Quebecers have agreed to pay $50,000 apiece in penalties in connection with a stock-manipulation scheme involving the microcap pharmaceutical company Spencer Pharmaceutical Inc., the U.S. 280 more words


Pimco ETF probe reportedly separate from SEC sweep

The U.S. regulatory probe into Bill Gross’s Pimco Total Return ETF is separate from a broader scrutiny of disclosure in the exchange-traded fund industry, according to a person familiar with the matter. 907 more words