Securities and Exchange Commission (SEC)

366 results about this entity

Period: 18 Oct 2004 - 01 Nov 2024

SEC reports account hijacking and ID theft scam

The US Securities and Exchange Commission (SEC) says it has shut down an account hijacking scam involving a fictitious Latvian brokerage firm and a job advertisement on the Craig's List Web site that netted fraudsters more than $66,000 in just seven weeks.

Bats applies for exchange status

Bats Trading, the electronic alternative to Nasdaq and Nyse, has filed an application with the US Securities and Exchange Commission (SEC) to become a fully licensed securities exchange.

Nasdaq to launch electronic 144A securities market

US stock market operator Nasdaq says it has received regulatory approval for its new electronic trading platform for unregistered securities.

SEC charges two for penny stock spam scam

The US Securities and Exchange Commission (SEC) has filed fraud charges against two Texan men who allegedly hijacked personal computers to launch penny stock e-mail scams that conned investors out of more than $4.6 million.

New York creates panel to modernise financial sector regulation

New York Governor Eliot Spitzer has signed an executive order creating an adivisory panel to look at ways of reducing the regulatory burden in the state in a bid to regain New York's position as the world's leading financial centre.

Bisys fined $25m for accounting and reporting violations

New York financial BPO outfit Bisys has agreed to pay around $25 million to settle claims of improper accounting practices and financial reporting violations.

Morgan Stanley pays $7.9m to settle 'best execution' charges

Morgan Stanley has agreed to pay nearly $7.9 million to settle claims that it failed to provide investors the best prices on stock trades because its automated trading system delayed the execution of orders and altered transaction prices - to the bank’s financial benefit.

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.

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.

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.

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.

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.