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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.
SEC to look closer at internal compliance, Foreign Corrupt Practices Act violations
trueInternal compliance controls at firms regulated by the Securities and Exchange Commission will get more scrutiny this year, enforcement director Andrew Ceresney said Thursday at a Corporate Counsel Institute conference in Washington.
Firms oppose SEC's internal enforcement process
truePursuing enforcement actions in-house instead of through the courts has paid off for the Securities and Exchange Commission in recent years, but the agency might now be a victim of its own success.
SEC round-table panelists debate necessity for universal proxy ballot
trueCorporations should adopt a universal proxy ballot enabling shareholders to vote for both management and activist nominees for boards of directors on the same voting card, Anne Simpson, senior portfolio manager and director of global governance at CalPERS, said Thursday as a panelist for an SEC ...
Law professors respond to Gallagher's accusations
trueA Securities and Exchange Commission member's dispute with a prominent Harvard Law School professor has turned into something of a gang fight, academic style.
Norm Champ to leave as SEC's director of investment management
trueNorm Champ is resigning from the SEC as director of investment management at the end of January, the Securities and Exchange Commission announced Wednesday.
S&P settles with SEC, 2 states over CMBS ratings
trueStandard & Poor's Ratings Services agreed to pay a total of $77 million to settle federal securities law violations involving its ratings of commercial mortgage-backed securities to the SEC, and to the offices of the New York and Massachusetts attorneys general.