Bank of America (BAC.N) must allow shareholders to vote on a proposal that calls for the company to consider spinning off its investment banking business, after U.S. regulators told the bank it cannot exclude the proposal from its corporate ballot.
Activist hedge fund manager Joseph Stilwell and his Stilwell Value LLC will pay more than $589,000 to settle U.S. Securities and Exchange Commission allegations that they failed to properly disclose loans made among funds that the firm controlled.
Two top stock exchanges laid out their vision on Tuesday for how they believe U.S. regulators could craft rules to foster the creation of "venture exchanges" that list small-cap companies.
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.
Credit Suisse Group AG will ask U.S. regulators at a hearing on Thursday to allow it to manage pensions following a criminal guilty plea, but will face resistance from groups determined to stop what they see as the rubber-stamping of such waivers.
Connecticut investment advisor Noah Myers was sentenced to 40 months in prison on Monday by a District Court for defrauding investment clients in a "cherry-picking" securities scheme.
Exchange operator BATS Global Markets on Tuesday called for changes to U.S. stock market rules, including slashing exchange fees for the most actively traded stocks, in the latest plea for regulatory reform from within the industry.
Citigroup Inc (C.N) is shutting down its alternative stock trading venue LavaFlow, the bank said on Tuesday, at a time when regulatory scrutiny has increased around broker-run trading platforms, forcing banks to rethink the costs.
U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then passing the mortgage risk to investors.
The director of the office of municipal securities at the Securities and Exchange Commission, John Cross, will leave his post in November to return to the U.S. Treasury Office of Tax Policy, the agency said on Tuesday.
U.S. regulators brought their first-ever manipulation case against a high-frequency trading firm on Thursday, saying it used a computer algorithm to affect closing prices through a series of rapid-fire trades.
Top U.S. companies are reporting more detail about their political contributions, according to a survey by the Center for Political Accountability, a trend that won praise from the group, which pushes for greater transparency.
Bloomberg noted that the two former former Qualcomm Inc sales directors who had been charged yesterday of insider trading were also the subject of a Securities and Exchange Commission complaint.
