Theranos is now under probe by the Securities and Exchange Commission and the Federal Criminal Investigation due to the flaws on the results of its blood-testing laboratories.
Securities and Exchange Commission filed a lawsuit against a former employee of ConvergEx for participating in a fraudulent scheme to reap millions from customers.
The heads of the U.S. agencies that regulate securities and commodities pressed a Senate committee. They are asking the U.S. Congress to boost their budgets as the financial markets and technology continue to grow.
The attorney generals of Massachusetts and the U.S Virgin Island are now investigating Exxon Mobil regarding the company's connection to climate change. The company is alleged of deceiving the public regarding the issue.
SEC approved the budget of the independent accounting board on Tuesday. The budget is allotted for the auditing watchdog that observes the function of the leading United States accounting firms.
SEC fined a municipal bond issuer for only the second time on Wednesday. SEC accused California's largest agricultural water district of overstating its financial health when it sold bonds.
Uni-Pixel will pay to settle fraud lawsuit case filed by their investors, claiming the company misled them regarding the production status and sales agreements for a key product. Two former executives of the company is also charged related to the issue.
The United States Senate Banking Committee is set to hold a confirmation hearing on March 15 for the Obama administration’s two nominees for the Securities and Exchange Commission.
Wells Fargo and Rhode Island Agency are being charged with securities fraud by the Securities and Exchange Commission following the bankruptcy of a video-game company.
A judge ruled that the Securities and Exchange Commission could take Daniel Mudd to trial over hiding Fannie Mae's exposure to risky loans. Mudd previously appealed to have the trial dismissed over lack of evidence.
The Securities and Exchange Commission confirmed that the New York Stock Exchange withdrew its proposal of determining "aberrant" pricing of exchange-traded funds. The rule would have allowed NYSE to warn traders of ETF pricing deviation.
The Securities and Exchange Commission finished its investigation on Caterpillar regarding probable tax evasion involving Swiss unit Caterpillar SARL. Probes from the Internal Revenue Service and a federal grand jury are still ongoing.
Payton and Durant invoked the SEC law as their quantum of evidence. Lawyers for ex-Euro Pacific Capital Inc brokers, Daryl Payton and Benjamin Durant, conceded in the Manhattan court that they traded on non-public information about IBM's 2009 acquisition of SPSS Inc for US$1.
The Securities and Exchange Commission will pursue case of Euro Pacific Capital ex-traders Daryl Payton and Benjamin Durant. The case involved alleged placing of trades prior to a deal announcement from IBM with SPSS.
U.S. regulators need to accelerate their efforts beef up the rules governing "dark pool" trading platforms to better protect investors from poor trade execution and conflicts of interest, according to a new report released Tuesday.
A leading Wall Street regulator on Friday voiced concerns over the U.S. Labor Department's plan to reduce conflicts at brokers offering retirement advice, saying some aspects of it do not accurately reflect how brokers operate.
A panel of investor advocates said on Thursday they were developing a proposal for U.S. securities regulators that will make it easier for retail investors to conduct online background checks of financial professionals before hiring them.
A federal securities regulator on Thursday called for an end to the long-running debate over whether the United States should switch to global accounting standards, saying alternatives should be explored that incorporate the best of the U.S. rules.
Senator Elizabeth Warren said Friday that the U.S. Labor Department should press ahead with brokerage industry reforms, and not be deterred by the Securities and Exchange Commission's plans to adopt its own separate rules.
