A top U.S. Securities and Exchange Commission official said on Tuesday the agency's the "broken windows" enforcement strategy, of pursuing violations big or small, hinders its ability to set priorities and maintain robust, healthy markets.
The U.S. Securities and Exchange Commission will decide next week whether investors in two drug stocks at the center of the largest-ever insider trading case are entitled to compensation.
Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors LP hedge fund, was sentenced on Monday to nine years in prison for engaging in what authorities called the most lucrative insider trading scheme in U.S. history.
Alibaba Group Holding Ltd disclosed on Friday that it would pay $15.8 million in legal fees to law firm Simpson Thacher and other attorneys who advised the Chinese e-commerce giant on its upcoming IPO, six times what Facebook paid its counsel two years ago.
A group of activists stood outside of the U.S. Securities and Exchange Commission's Washington headquarters on Thursday to scold the regulator for failing to advance a rule requiring companies to disclose their political contributions.
