Securities and Exchange Commission (SEC) - News, Articles & Research

Company announcement

SEC reaches dark pool settlements with Barclays and Credit Suisse

The Securities and Exchange Commission yesterday announced that Barclays Capital Inc. and Credit Suisse Securities (USA) LLC have agreed to settle separate cases finding that they violated federal securities laws while operating alternative trading systems known as dark pools and Credit Suisse’s Light Pool.

01 February 2016

Company announcement

SS&C gets SEC approval for SSCNet

SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced it has received approval from the Securities and Exchange Commission (SEC) to bring its disruptive cloud-based, post-trade matching service, SSCNet to the U.S. market.

10 December 2015

Company announcement

SEC charges bitcoin mining companies

The Securities and Exchange Commission today charged two Bitcoin mining companies and their founder with conducting a Ponzi scheme that used the lure of quick riches from virtual currency to defraud investors.

02 December 2015

News

Goldman Sachs compliance staffer charged with insider trading

A former Goldman Sachs staffer has been charged by the Securities and Exchange Commission with making nearly half a million dollars by stealing non-public information from the bank's email system and using it to make illegal trades ahead of client mergers.

26 November 2015

Company announcement

SEC proposes rules to enhance transparency and oversight of alternative trading systems

The Securities and Exchange Commission today announced it has voted to propose rules to enhance operational transparency and regulatory oversight of alternative trading systems (ATSs) that trade stocks listed on a national securities exchange (NMS stocks), including “dark pools.”

19 November 2015

Company announcement

SEC flash crash exec joins Ernst & Young

EY announced today that Gregg Berman, formerly of the US Securities and Exchange Commission (SEC) Trading and Markets Division, has joined the Financial Services Organization (FSO) of Ernst & Young LLP as a Principal focusing on market risk and data analytics.

06 October 2015

News

SEC expands use of Palantir big data software to catch insider traders - Reuters

The Securities and Exchange Commission has struck a five year, $90 million contract with big data outfit Palantir Technologies to help it sniff out insider trading, according to Reuters.

01 October 2015

News

SEC reaches $30m settlement over press release hacking case

A Ukrainian investment banking firm and its CEO have agreed to pay $30 million to settle SEC charges that they profited from trading on information hacked from newswire services.

16 September 2015

Company announcement

SEC fines Citigroup for compliance and surveillance failures

The Securities and Exchange Commission today announced that Citigroup Global Markets has agreed to settle charges that it failed to enforce policies and procedures to prevent and detect securities transactions that could involve the misuse of material, nonpublic information.

19 August 2015

News

ITG pays $20.3m to settle SEC dark pool charges

Execution broker ITG and its affiliate AlterNet Securities have agreed to pay $20.3 million to settle SEC charges that they operated a secret dealing desk and misused the confidential trading information of dark pool subscribers.

12 August 2015

News

US charges nine over insider trading hacking scheme

US authorities have charged nine people with hacking into business newswires to steal yet-to-be published press releases containing financial information that was used to make trades netting around $30 million in illegal profits.

11 August 2015

News

Big data firm Palantir raises $450m

Palantir Technologies, a big data startup co-founded by Peter Thiel, has completed a massive $450 million funding round that values the company at $20 billion.

24 July 2015