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

News

Wall Street not prepared for bird flu outbreak, says federal watchdog

The US government's watchdog agency says some key financial markets participants are still not fully prepared for dealing with a widespread outbreak of avian flu and has called on regulators to set deadlines by which firms should have contingency plans in place.

02 May 2007

News

Banker Trojans on the rise; pump-and-dump schemes hit Europe

US online security services firm Panda Software says 20% of all Trojans it detected in 2006 were designed to steal financial information, and the malware is evolving into more dangerous forms.

30 March 2007

News

US prosecutors file charges against offshore account hijackers

US prosecutors have filed federal charges against three Indian nationals who allegedly hijacked online brokerage accounts in the US in order to conduct pump and dump scams.

12 March 2007

News

SEC cracks down on spam trading scams

US regulators have suspended trading in 35 over-the-counter penny stocks that have been the subject of repeated spam e-mail campaigns urging small investors to buy shares.

09 March 2007

News

SEC freezes $3m in pump and dump fraud case

US regulators have obtained an emergency court order freezing $3 million contained in an online trading account held by a Latvia-based bank that has allegedly been used to run a "pump and dump" market manipulation scheme.

08 March 2007

News

US markets gear up for e-trading surge with launch of Reg NMS regulations

As US exchanges and ECNs gear up for a spike in electronic trading following the introduction of the Regulation NMS trading rules today, the New York Stock Exchange (Nyse) - the world's largest market - is still not ready and has asked the Securities and Exchange Commission (SEC) for relief from compliance with some of the rules.

05 March 2007

News

SEC sues PR hackers

The US Securities and Exchange Commission (SEC) has filed fraud charges against a Hong Kong-based company that allegedly hacked into corporate servers to access advance PR filings and made at least $2.7 million in the past two months by trading on the stolen data.

28 February 2007

News

Wall Street calls for SEC to delay market data rulings

Wall Street lobbying group The Securities Industry and Financial Markets Association (Sifma) has called on the Securities and Exchange Commission (SEC) to delay any rulings that would allow stock exchanges to charge to deliver real-time stock data to Web sites.

22 January 2007

News

Pump-and-dump stock phishing spam up 400% in 2006

Pump and dump penny stock e-mail phishing scams rose by a massive 400% in 2006 according to data from US digital security firm SonicWall.

15 January 2007

News

Nyse calls for SEC to postpone Reg NMS regulations

The New York Stock Exchange has called for the US Securities and Exchange Commission to postpone the implementation date of the Regulation NMS trading rules from February to March so as to coincide with the roll-out of a new round of trading system upgrades.

10 January 2007

News

SEC to review Nyse data fee ruling

The US Securities and Exchange Commission has heeded the demands of Internet giants such as Google and Yahoo! and agreed to review a recent round of previously approved fee hikes for market data usage proposed by the New York Stock Exchange (Nyse).

05 January 2007

News

SEC freezes assets of Estonian firm implicated in hi-tech pump and dump fraud

The Securities and Exchange Commission has obtained an emergency asset freeze against an Estonian-based corporation accused of hi-jacking online brokerage accounts to conduct a hi-tech pump and dump scam.

20 December 2006