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SEC round table discusses shift in who pays for proxy-voting services
trueMoney managers might need to charge clients for proxy voting to help finance the expense , Michelle Edkins, managing director and global head of corporate governance and responsible investment, BlackRock, said Thursday at the SEC's proxy advisory services round-table webcast.
Holding companies to account
trueMary Jo White, chairwoman of the Securities and Exchange Commission, plans to strengthen its law enforcement, broadening its reach and seeking more admissions of guilt.
Level Global Investors portfolio manager pleads guilty to criminal insider trading charges
trueMark Megalli pleaded guilty on Thursday to one criminal count of conspiracy to commit securities fraud in connection with a “multimillion-dollar insider trading conspiracy” in the stock of children's clothing company Carter's Inc., according to a news release from the Justice Department.
SEC names public pension enforcer
trueLeeAnn Gaunt was appointed chief of the SEC enforcement division’s municipal securities and public pensions unit.
S.A.C. accepts guilt for insider trading in $1.8 billion SEC settlement
trueS.A.C. Capital Advisors and three affiliated companies will plead “guilty to every count” of an insider-trading indictment and will pay an additional $1.2 billion to settle charges.
Knight Capital to pay $12 million in trading glitch case
trueKnight Capital Americas LLC will pay $12 million to settle charges brought by the SEC over a computer trading glitch that cost the company as much as $460 million in erroneous trading orders in August 2012.
Easing trading risks from market fragmentation and tech arms race
trueThe August interruption in Nasdaq service is merely the latest example of the increasing instability of the U.S. equity market.
SEC enforcement division expertise has improved, officials say
trueThe Securities and Exchange Commission enforcement division has improved its market expertise and enforcement record, current and former enforcement officials gathered in Washington agreed Wednesday.
Jobs Act IPOs need careful eye, some say
trueSome industry experts are warning investors to remain cautious of a provision of the JOBS Act that allows companies with less than $1 billion in revenue to file for initial public offerings confidentially.
SEC cites Timbervest for unauthorized transactions
trueThe SEC has filed an administrative and cease-and-desist order alleging that timber manager Timbervest LLC engaged in unauthorized transactions and that its chief investment officer, Walter William Anthony Boden III, collected unauthorized, undisclosed real estate commissions.
White: SEC to crack down on sophisticated trading, dark pools
trueThe SEC plans to bring more actions on trading, Mary Jo White, SEC chairwoman said Thursday before some 400 attendees at the Council of Institutional Investors conference in Chicago.
CEO-to-worker pay ratio disclosure proposed by SEC
trueA divided U.S. Securities and Exchange Commission proposed that public companies disclose how much more their chief executives earn than rank-and-file workers.
SEC settles with 22 firms over short selling
trueOntario Teachers' Pension Plan, Toronto, is one of 22 investment bodies settling enforcement actions related to short selling, the SEC announced Tuesday.
Institutions fighting money market proposals
trueAn attempt by the Securities and Exchange Commission to put more safeguards on money market funds is generating caution and resistance from lobbyists for pension funds and institutional money managers concerned the move will make the funds a less viable investment option.
Falcone, Harbinger Capital to pay $18 million in deal with SEC
trueHedge fund manager Philip A. Falcone and his firm, Harbinger Capital Partners, will pay more than $18 million and admit wrongdoing in a settlement the SEC announced Monday.