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Tag Archives: SEC

Compensation legislation focuses on workers

There soon may be a new metric for measuring executives’ compensation: how their pay compares to their employees’. The Securities and Exchange Commission is developing standards that would force companies to disclose not just how much executives earn, but how much their average worker makes.

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U.S. Supreme Court nixes shareholders’ 10-b claim

A service management company cannot be liable under Securities and Exchange Commission Rule 10b-5 for alleged securities violations of the mutual funds it sponsors, the U.S. Supreme Court has ruled. The case was a class action brought by shareholders ...

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Whistleblowers can report directly to SEC

Employees who want to blow the whistle on their employer’s possible violations of federal securities laws will soon be able to bypass their company’s internal compliance and reporting programs.

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New rules offer big cash awards to whistleblowers

Whistleblowers who report corporate fraud or other misconduct to the government could receive sizable cash awards under new rules adopted Wednesday by federal regulators.

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SEC using new investigation technique

Rewarding targets of an investigation for their cooperation may be standard procedure for prosecutors but it’s relatively new for the Securities and Exchange Commission. Speaking at the Rocky Mountain Securities Conference in Denver in early May ...

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Goldman promises transparency in new report

NEW YORK CITY — Goldman Sachs Group Inc. is promising to be more transparent about how it does business following widespread criticism that it put its own interests ahead of its clients.

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SEC looking into trades of private shares

SAN FRANCISCO (AP) — The Securities and Exchange Commission is looking into the booming trade in the privately held shares of popular social networking behemoths such as Facebook, LinkedIn, Twitter and Zynga, according to reports in The New York Times and elsewhere.

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Spitzer dissects Wall Street probe

ALBANY — Former New York Attorney General Eliot Spitzer, who cracked down on insider abuses on Wall Street, said Wednesday that the new federal push against potential insider trading has the hallmarks of important work, if the innovative approach can prove the communication is illegal.

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Goldman fined $650,000 for disclosure lapse

WASHINGTON, D.C. — Industry regulators have fined Goldman Sachs $650,000 for failing to disclose that two of its brokers, including the executive accused of leading the mortgage securities deal that brought civil fraud charges against the firm, were under investigation by the government.

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