A federal judge on Thursday ordered Texas tycoon Sam Wyly and his late brother's estate to pay the U.S. Securities and Exchange Commission $299.4 million for engaging in securities fraud.
The founder of coal company L&L Energy Inc was sentenced to five years in prison Friday for lying to U.S. regulators about who was operating the company and issuing shares to Chinese investors without disclosing the existence of a regulatory probe.
Investigators at the U.S. Securities and Exchange Commission are on the lookout for violations such as poor risk controls or lax disclosures relating to hacking and other cyber breaches, a top SEC official said Friday.
The former chief operating officer of a major Chinese-American bank in San Francisco is set for trial on Tuesday in a rare criminal prosecution connected to the government's bank bailout program.
The U.S. Securities and Exchange Commission is investigating a January 14 spike in trading in BlackBerry Ltd options that took place hours before Reuters reported that Samsung Electronics Co was in talks to buy the Canadian smartphone maker, according to a person familiar with the investigation.
In April 2011, two years before their prices sank, a slew of bond funds that were being sold by UBS’s Puerto Rico arm appeared to its brokers to be such risky investments that they balked at promoting them to their clients.
Bank of New York Mellon Corp (BK.N) has disclosed in a filing that U.S. regulators are considering charging it with violating U.S. foreign bribery laws after an investigation into internships it gave to relatives of sovereign wealth fund officials.
A court ruling that sharply curtailed the ability of prosecutors including Manhattan U.S. Attorney Preet Bharara to pursue insider trading cases is increasingly testing regulators' abilities across the country.
U.S. securities regulators have accused two former Capital One Financial Corp data analysts with engaging in insider trading based on sales data the credit card issuer had collected from millions of its customers.
A former executive at a Chinese oil and gas company has avoided prison in the only U.S. criminal case to emerge from a broad accounting probe of China-based companies listed on American stock exchanges.
A TD Ameritrade Holding Corp employee who said the firm retaliated against him for complaining about potential securities law violations must arbitrate the claim instead of suing in court, a federal appeals court ruled on Monday.
The U.S. Securities and Exchange Commission received more than 3,500 tips from whistleblowers in fiscal year 2014, the largest number received since the program went into effect three years ago.
