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

'People wanted scapegoats': In SEC’s streamlined court, penalty exerts a lasting grip

On its face, it seemed like a simple case. Eric D. Wanger, according to regulators, had done things a money manager shouldn’t do.

Over nearly three years, they said, Wanger made 15 improper trades for a fund he oversaw at his Chicago firm, Wanger Investment Management. 2,700 more words

News

Wall Street's WhatsApp problem: Illegal texting through encrypted messaging is out of control

Dirty jokes and NSFW GIFs. Snaps of unsuspecting colleagues on the trading floor. Screenshots of confidential client positions.

All that — and, on occasion, even legally dubious information — is increasingly being trafficked over the new private lines of Wall Street: encrypted messaging services like WhatsApp and Signal. 1,610 more words

FP Tech Desk

SEC Enforcement Actions Highlight the Intelligence to Be Found in Corporate Control Contests

By: David A. Holley

Berkeley Research Group’s Global Investigations + Strategic Intelligence experts provide a unique service to boards of directors and their advisors involved in contests for corporate control. 830 more words

David Holley

Federal judge tosses SEC suit against Texas attorney general

Thursday a federal judge dismissed the U.S. government’s securities fraud lawsuit against Republican Texas Attorney General Ken Paxton, who still faces criminal charges of duping wealthy investors. 256 more words

In The News

Companies publishing 'misleading and untrue' financial disclosures on social media: regulator

Without naming names, Canada’s securities watchdogs warned Thursday that deficient company disclosures of “misleading and untrue” financials on social media “have resulted in material stock price movements and investor harm.” 525 more words

Investing

Federal Judge Tosses SEC Suit Against Texas Attorney General

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AUSTIN (AP) — A federal judge on Thursday dismissed claims by the U.S. government that Texas Attorney General Ken Paxton fraudulently duped wealthy investors before taking office, giving the Republican a key victory two months ahead of his criminal trial that carries a possible prison sentence. 534 more words

News

Exxon caves to oil crash with historic global reserves cut

ExxonMobil Corp. disclosed the deepest reserves cut in its modern history as prolonged routs in oil and natural gas markets erased the value of its US$16 billion Kearl oilsands investment and other North American assets. 381 more words

Energy