Search Results for: Federal Trade Commission
The Sterner, Stricter SEC
July 1st, 2014
As Mary Jo White sees it, the Securities and Exchange Commission’s job is to patrol Wall Street and Main Street and catch financial fraudsters. Since becoming the agency’s chair in April 2013, White, a former federal prosecutor and defense ...
Hedge-Fund Hack Part of Bigger Siege: Cyber-Experts
June 23rd, 2014
The attack on a U.S. hedge fund’s network, which a cybersecurity contractor said last week disrupted the firm’s high-speed trading and stole its data, is but one among many. That is the assessment of more than a half-dozen computer ...
Utah Court Imposes over $44 Million in Sanctions for Commodity Pool Fraud and Misappropriation
June 20th, 2014
The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court Order requiring Defendants Robert J. Andres of Houston, Texas, his company, Winsome Investment Trust (Winsome), Robert L. Holloway of San Diego, California, and his company US Ventures LC ...
China Blocks European Shipping Pact, Sending Maersk Down
June 18th, 2014
A.P. Moeller-Maersk A/S (MAERSKB) said it is working on alternative plans to cut costs and address overcapacity in the freighter market after Chinese regulators unexpectedly blocked formation of a global shipping alliance. “We have different tools in our toolbox ...
‘Bitcoin Jesus’ Calls Rich to Tax-Free Tropical Paradise
June 16th, 2014
He’s known as Bitcoin Jesus in the world of cyber-currencies. Though he can’t promise you heaven, he is offering a haven: a condo in the Caribbean that comes with a new passport and almost zero taxes. Meet Roger Ver, ...
High-Speed Trading Rules Coming From SEC
June 6th, 2014
U.S. Securities and Exchange Commission Chair Mary Jo White unveiled the regulator’s most sweeping plan yet for reining in high-frequency trading and monitoring dark pools and other secretive trading practices in the world’s largest equity market. Proprietary traders who ...
ASIC obtains extension of injunction freezing bank accounts of Sino Australia Oil and Gas Limited
June 3rd, 2014
The Australian Securities and Investments Commission (ASIC) has obtained orders in the Federal Court in Melbourne extending an injunction restraining Sino Australia Oil & Gas Ltd (SAO), an ASX-listed entity, from transferring company funds from two accounts it holds ...
SAC Prosecutor Tells SEC Cohen’s Case Should Be Delayed
May 29th, 2014
An administrative proceeding filed against SAC Capital Advisors LP founder Steven A. Cohen by the Securities and Exchange Commission should be put on hold because prosecutions of his former employees aren’t fully resolved, the government told an agency judge. ...
SEC’s Insider-Trading Case Against Obus Revived on Appeal
May 20th, 2014
Wynnefield Capital Inc.’s Nelson Obus traded on confidential information to make $1.3 million for his hedge fund and confessed to it twice, a lawyer for the U.S. Securities and Exchange Commission said in a civil trial of Obus and ...
Investors May Have Gained Early Word on Fed Policy, Study Finds
May 14th, 2014
Some investors may have gotten early word of changes to Federal Reserve policy between 1997 and 2013 and profited by trading before the policy shifts were publicly announced, according to Singapore-based researchers. Trading records show abnormally large price movements ...
