SEC

Hedge fund firm settles with SEC for $21.5 million

Level Global Investors LP has agreed to pay more than $21.5 million to settle charges that its co-founder, who also served as a portfolio manager, and its analyst engaged in repeated insider trading in the securities of Dell Inc. and Nvidia Corp.

By Staff |April 30, 2013

2 min read

Industry

SEC fines Capital One $3.5 mil for understating loan losses

The Securities and Exchange Commission has charged Capital One Financial Corporation and two senior executives for understating millions of dollars in auto loan losses incurred during the months leading into the financial crisis.

By Staff |April 25, 2013

4 min read

Industry

SEC charges Toronto banker with insider trading

The banker obtained information through his job of pitching investment ideas to the Canada Pension Plan Investment Board.

By Staff |April 18, 2013

2 min read

Industry

SEC charges accountant and friend with insider trading

The Securities and Exchange Commission has charged the former partner in charge of KPMG's Pacific Southwest audit practice and his friend with insider trading on nonpublic information about firm clients.

By Staff |April 15, 2013

3 min read

SEC charges employee for leaking trading tips

The SEC has charged a former employee at a California-based medical device manufacturer with illegally tipping confidential financial data to her brother, who illegally traded in the company’s stock and enabled his hedge fund clients to do the same. The SEC alleges that ThanhHa Bao, who worked in the finance department at Abaxis Inc., regularly […]

By Staff |April 10, 2013

2 min read

SEC approves company use of social media

The SEC says it’s okay for U.S. companies to use social media to announce key information, so long as investors have been alerted about which form of social media will be used. Read: Former SEC head joins consulting group “Most social media are perfectly suitable methods for communicating with investors, but not if the access […]

By Staff |April 3, 2013

1 min read

Former SEC head joins consulting group

Mary Schapiro, former chairman of the SEC, has taken a position as managing director at Promontory Financial, a consulting group. She’ll lead the firm’s governance and markets practice. Promontory is a strategy, risk-management, regulatory, and compliance consulting firm that serves clients worldwide, including many of the largest banks and other financial services companies. Read: SEC […]

By Staff |April 3, 2013

1 min read

SEC

Hedge fund firm settles with SEC for $21.5 million

SEC fines Capital One $3.5 mil for understating loan losses

SEC charges Toronto banker with insider trading

SEC charges accountant and friend with insider trading

Mary Jo White sworn in as SEC chair

SEC charges employee for leaking trading tips

SEC approves company use of social media

Former SEC head joins consulting group

SEC committee wants small-issuer stock market

Advisory firm to pay $600M+ for insider trading