Search Results for: Federal Trade Commission
SEC Charges Three Sales Managers With Insider Trading Ahead of Major Acquisition
May 13th, 2014
The U.S. Securities and Exchange Commission has charged three former sales managers at San Diego-based Qualcomm Inc. with insider trading ahead of a major acquisition announcement. The SEC alleges that Derek Cohen, Robert Herman, and Michael Fleischli learned through ...
SEC Fines NYSE for rule violations
May 2nd, 2014
The New York Stock Exchange’s $4.5 million penalty for oversight violations represents the Securities and Exchange Commission’s first salvo since Michael Lewis reignited scrutiny of market structure. NYSE, which was bought by IntercontinentalExchange Group Inc. (ICE) last year, agreed ...
SEC Charges Six Individuals With Insider Trading in Stock of E-Commerce Company Prior to Acquisition by eBay
April 28th, 2014
The U.S. Securities and Exchange Commission (SEC), has charged a former executive with insider trading in advance of eBay’s acquisition of the e-commerce company where he worked by tipping friends and relatives with confidential information about the pending deal ...
Puerto Rico woos rich with hefty tax breaks
April 23rd, 2014
John Paulson is expected to expand his investment in Puerto Rico to $1 billion by the end of next year, as the hedge fund titan leads a growing brigade of wealthy U.S. business owners who are taking advantage of ...
Dollar Gains 7th Day as Economic Data Signal Growth
April 22nd, 2014
The dollar gained for a seventh day against a basket of peers, the longest streak in almost a year, as revised data in a Federal Reserve Bank of Chicago index signaled greater-than-forecast strength in the U.S. economy. The yen ...
High-Frequency Fight Starts in Foreign Exchange
April 17th, 2014
Foreign-exchange dealers say they have the solution to the high-frequency trades eroding banks’ profits across financial markets. A currency-dealing platform known as ParFX, established in 2011 by firms from Deutsche Bank AG to Citigroup Inc., was approached last month ...
SEC Charges Stockbroker and Law Firm Managing Clerk
March 20th, 2014
The Securities and Exchange Commission charged a stockbroker and a managing clerk at a law firm with insider trading around more than a dozen mergers or other corporate transactions for illicit profits of $5.6 million during a four-year period. ...
Regulators Zone
February 4th, 2014
