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Showing 71 - 80 of 100+ results for "Exchange Commission"

Portfolio manager caught out faking returns

KANIKA SOOD  |  FRIDAY, 19 JUL 2019
... portfolio managers. Rege mispriced the investments of a private fund from June 2016 to April 2017, Securities and Exchange Commission orders said. As a result of this, the fund's net asset value sent out to investors in periodic statements was overstated ...

Nomura ordered to pay back US $25m

KANIKA SOOD  |  TUESDAY, 16 JUL 2019
... of commercial and residential mortgage backed securities (CMBS and RMBS), according to the Securities and Exchange Commission. "Several Nomura traders misled customers about the prices at which Nomura had bought securities, the amount of profit Nomura ...

State Street cops $125m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUL 2019
... settlement, State Street Bank and Trust Company has paid $125 million (USD88 million) after the Securities and Exchange Commission brought charges against the institution for routinely overbilling clients between 1998 and 2015. The overcharges included ...

SEC adopts retail investor protection package

KARREN VERGARA  |  THURSDAY, 6 JUN 2019
The US Securities and Exchange Commission has adopted a package of fiduciary rules to protect retail investors from financial advisers who put their self-interests first. Under the new rules called Regulation Best Interest and Form CRS Relationship ...

US relaxes active ETF disclosures

KANIKA SOOD  |  TUESDAY, 16 APR 2019
... the US securities regulator softens its stance on daily disclosures for the segment. The U.S. Securities and Exchange Commission last week allowed an ETF provider to trade active ETFs without making daily disclosures. The SEC had previously rejected ...

Advisers to return US$125m in fees

KANIKA SOOD  |  TUESDAY, 12 MAR 2019
... retail customers after a regulatory clampdown on inadequate fee disclosures last year. The Securities and Exchange Commission charged 79 people, including well-known names such as AXA Advisors, Deutsche Bank Securities, LaSalle St. Investment Advisors ...

Ponzi scheme fined $1.4bn

KANIKA SOOD  |  WEDNESDAY, 30 JAN 2019
... returns annually generated from issuing loans to third-party commercial property owners, the US Securities and Exchange Commission alleged. Many of the investors were seniors, investing their retirement savings. In reality, Woodbridge was relying on ...

Celebrities cop $1m crypto fine

JAMIE WILLIAMSON  |  MONDAY, 3 DEC 2018
... Mayweather and music producer DJ Khaled have become the first people to be charged by the US Securities and Exchange Commission for the unlawful promotion of initial coin offerings. Floyd Mayweather and DJ Khaled - real name Khaled Mohamed Khaled - have ...

Elon Musk steps down as Tesla chair

KANIKA SOOD  |  TUESDAY, 2 OCT 2018
... settled a tweet-led securities fraud charge with the US corporate regulator. Last week, the Securities and Exchange Commission charged Musk with securities fraud over his August 7 tweets in which he said he would take the company private at $420 per ...

Elon Musk charged with securities fraud

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
... about taking Tesla private have seen him charged with securities fraud by the US regulator. The Securities and Exchange Commission is also seeking court approval to stop Musk from serving as an officer or a director of a public company. The matter relates ...