Securities and Exchange Commission

Securities and Exchange Commission News

Indians charged for running fraudulent investment scheme

SEC alleges that the investments being offered bore the hallmark of a fraudulent high-yield investment programme.

After vote,lawsuits likely next hurdle for Volcker rule

The measure bans banks from making bets for their own profits.


JP Morgan Chase hiring practices in India under scanner after 'China deal'

Banking giant has allegedly hired children of powerful officials to win lucrative deals in China.

Fund pioneer Bent tries to shift blame

Bruce Bent took a swipe at the U.S. government's response to the 2008 financial crisis when he testified at his own trial.

Oracle to pay $2 mn over India 'scam'

Oracle allowed Indian subsidiary to set aside money that went to phony local vendors.

Pfizer pays $60 mn to settle bribery charges

As early as 2001,Pfizer sales representatives tried to conceal the bribes by recording them as legitimate business expenses for travel,entertainment and marketing purposes,the agency said.


US co charged with 'chocolate' bribery

Executives of a US-based company have been found to have paid lakhs of dollars of bribes in return for illegal profits.

S&P under SEC scanner on rating U-turn

US market regulator SEC is examining Standard & Poor's last minute decision to pull its ratings on USD 1.5 billion deal backed by commercial-real- estate loans,a media report said.

Ex-Yahoo exec,fund manager plead guilty in insider trading

Based on Kwok’s illegal tip,Shah prompted the mutual funds she managed to buy more than 700,000 shares of Yahoo stock that were later sold for profits of approximately $389,000,the SEC alleged.

Lanka bourse eases 10% price band rule

Sri Lanka's stock exchange opened on a positive note on Friday.