U.S. Securities and Exchange Commission

Bloomberg in damage-control mode over client snooping

2013-05-14 00:00:00

Officials at Bloomberg, the New York financial news and information service, scrambled to deal with an unfolding customer privacy scandal after admitting its journalists had snooped on business clients for years through its network of terminals ubiquitous...

James Murdoch sells $25 million in News Corp. stock

2013-05-15 04:00:00

News Corp. Deputy Chief Operating Officer James Murdoch has sold $25 million worth of News Corp. non-voting shares as the company's stock has soared in value. Murdoch, the youngest son of media baron and News Corp. Chairman and Chief Executive Rupert...

Sen. Warren goads Fed, SEC, DOJ to explain no-fault bank deals

2013-05-14 15:45:00

Sen. Elizabeth Warren, having chastised bank regulators for failing to put Wall Street giants on trial, is demanding to see any analyses that the U.S. Department of Justice, the Federal Reserve and the Securities and Exchange Commission have conducted...

Freshman senator with senior pluck takes on the financial industry

2013-05-10 00:00:00

WASHINGTON — Sen. Elizabeth Warren, the newest member of the Senate Banking Committee, waited patiently for her first chance to question top financial regulators at a recent hearing on Capitol Hill. When her turn finally came after 90 minutes,...

Facebook's Mark Zuckerberg, Sheryl Sandberg get big payouts

2013-04-26 18:51:00

SAN FRANCISCO -- Facebook executives leaned in to some big payouts in 2012. Chief Operating Officer Sheryl Sandberg received $26.2 million in compensation, making her the highest-paid executive at the giant social network for the second straight year....

SEC accuses city of Victorville, others of fraud in bond sale

2013-04-30 00:00:00

Ever since the Department of Defense shut down George Air Force Base in 1992, the high desert town of Victorville has struggled to reinvent itself. The city encouraged massive residential and retail development. It invested in two new power plants....

FBI arrests Century City man in alleged Ponzi scheme

2013-04-26 19:04:00

FBI agents arrested a Century City man for allegedly running a multimillion-dollar Ponzi scheme that primarily targeted the Persian-Jewish community in Los Angeles, according to the U.S. attorney’s office. Shervin Neman, whose given name is...

Jeweler agrees to plead guilty in KPMG insider-trading case

2013-05-07 00:00:00

A San Fernando Valley jeweler agreed to plead guilty to a conspiracy charge and return nearly $1.3 million in stock-trading gains he made from allegedly illegal tips provided by a former partner at accounting giant KPMG. Bryan Shaw, 52, of Lake Sherwood...

SEC accuses city of Victorville, officials of fraud

2013-04-29 12:54:00

Federal securities regulators have�accused the city of Victorville, an official, the airport authority and municipal bond underwriters�of fraud stemming from a 2008 offering. The Securities and Exchange Commission on Monday�accused the parties�of...

News Corp. plans June 11 shareholder vote on company split

2013-04-30 08:54:00

Rupert Murdoch's News Corp. will hold a special meeting June 11 for shareholders to vote on amendments needed to authorize the company's plan to break into two separate publicly traded entities. Shareholders will not be presented with an up-or-down vote...

SEC and political spending

2013-05-07 00:00:00

When the Supreme Court — in our view wrongly — ruled that corporations had a constitutional right to spend their money to influence elections, it also said that disclosure of such expenditures "permits citizens and shareholders to react to the...

Herbalife raises estimate of legal costs amid pyramid allegations

2013-05-03 17:29:00

Herbalife Ltd. said its feud with billionaire hedge fund manager Bill Ackman has been more costly than it anticipated, prompting speculation that the company is bracing for potential government investigations. The Los Angeles nutritional products...

Latham & Watkins announced the arrival of Nabil Sabki to the firm�s Chicago office as a partner in the corporate department.

2013-05-14 10:35:00

Securities and Exchange Commission Chairman Mary Jo White delivers remarks during the Investment Company Institute's general membership meeting at the Marriott Wardman Park hotel in Washington, D.C.

2013-05-03 00:00:00

Richard Cordray, nominee for director of the Consumer Financial Protection Bureau, and Mary Jo White, nominee for chair of the Securities and Exchange Commission, are sworn in prior to testifying at a confirmation hearing before the Senate Committee on Banking, Housing and Urban Affairs last week.

2013-03-19 06:43:09