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Investor groups say SEC should require companies to disclose political spending
trueFive state treasurers, including North Carolina Treasurer Janet Cowell, sole trustee of the $88.8 billion North Carolina Retirement Systems, Raleigh, are urging the SEC to require corporate political disclosures.
BlackRock settles SEC charges over failing to disclose conflict of interest
trueThe SEC charged BlackRock subsidiary BlackRock Advisors on Monday with failing to disclose a conflict of interest created by the outside business activity of one of the firm’s portfolio managers, said a cease-and-desist order from the Securities and Exchange Commission.
Legal challenge to SEC enforcement process heard
trueHouston hedge fund manager George Jarkesy Jr. took on the Securities and Exchange Commission Monday.
SEC names interim compliance director
trueMarc Wyatt was named acting director of the SEC's office of compliance inspections and examinations.
SEC compliance chief to depart at end of April
trueAndrew Bowden is stepping down as director of the SEC’s office of compliance inspections and examinations, the agency announced Tuesday.
DOL, SEC tag-teaming managers on enforcement
trueExecutives at money managers and other financial firms — bracing for new fiduciary standards from both the DOL and SEC — are feeling increasingly double-teamed by the agencies.
Patriarch Partners files suit to have SEC charges heard in U.S. District Court
truePatriarch Partners and CEO Lynn Tilton are fighting back against charges announced by the SEC on Monday involving three of the private equity firm's funds.
J.P. Morgan executives said to be deposed in SEC asset management probe
trueJ.P. Morgan Chase executives have been deposed and thousands of pages of internal documents subpoenaed as part of a U.S. investigation into the bank's asset management unit, according to people familiar with the situation.
SEC should increase board diversity disclosure — public pension funds
trueNine large public pension funds asked the SEC on Tuesday to require companies to disclose more about their boards’ diversity.
Schapiro: Multitude of trading venues a regulatory challenge for SEC
trueThe equity market structure with more than 70 venues for trading and 35% of trades done in dark pools represents a major regulatory challenge for the Securities and Exchange Commission, Mary Schapiro, former SEC chairwoman, said Tuesday before attendees at a conference of the Council of ...
Accounting class-action lawsuits rise in 2014 — study
trueThe number of securities class actions alleging accounting violations increased in 2014, spurred by increased SEC enforcement and more cases involving corporate restatements, according to a new report.
SEC charges private equity firm Patriarch, CEO with improper valuation
trueThe SEC on Monday charged Patriarch Partners and CEO Lynn Tilton with improper asset valuation and failure to disclose poor performance of loan assets in three collateralized loan obligation funds the private equity firm manages.
Omega hedge fund firm receives federal subpoenas
trueBillionaire Leon Cooperman, founder of hedge fund Omega Advisors, told clients that his firm has been subpoenaed by the U.S. Attorney’s Office in New Jersey and the Securities and Exchange Commission, seeking information on trading in certain securities.
High-frequency traders to be regulated by FINRA
trueHigh-frequency and other proprietary traders will be overseen by the Financial Industry Regulatory Authority under a proposed rule announced by the Securities and Exchange Commission on Wednesday.
SEC pay-to-play critics get their day in court
trueRepublican state committees in New York and Tennessee asked a federal appeals court in Washington on Monday to overturn the Securities and Exchange Commission’s pay-to-play rule.