Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
On Tuesday evening, senators voted 61-37, clearing Clayton to become the next chairman of the Securities and Exchange Commission. Clayton, a partner at law firm Sullivan & Cromwell LLP, has extensive ties to Wall Street.
The Senate on Tuesday confirmed Jay Clayton, the Wall Street attorney chosen by President Donald Trump to lead the Securities and Exchange Commission. The vote was 61-37 to give Clayton the job of running the independent agency that oversees Wall Street and the financial markets.
Multiple outlets are incorrectly calling deceptive articles aimed to drive up stock prices for certain companies "fake news" in yet another misappropriation of the term. Although such fraud is indeed problematic, conflating it with fake news -- truly fabricated content meant to drive traffic or push a political message -- detracts from awareness efforts to combat the threat actual fake news continues to present.
President Donald Trump signed his first piece of legislation on Tuesday, a measure that could presage the most aggressive assault on government regulations since President Ronald Reagan. The bill cancels out a Securities and Exchange Commission anti-corruption regulation that would have required oil and gas and mining companies to disclose in detail the payments they made to foreign governments.
Panasonic Corp said on Thursday its avionics unit is being investigated by U.S. authorities under the Foreign Corrupt Practices Act and that it had replaced the long-time head of the business. In a stock exchange filing, the Japanese electronics maker said Panasonic Avionics Corp, a major supplier of inflight entertainment systems, is being probed by the Department of Justice and the Securities and Exchange Commission .
To continue reading up to 10 premium articles, you must register , or sign up and take advantage of this exclusive offer: WASHINGTON - President-elect Donald Trump on Wednesday chose a Wall Street attorney with experience in corporate mergers and public stock launches as his nominee to head the Securities and Exchange Commission. Trump announced his nomination of Jay Clayton, a partner in the law firm Sullivan and Cromwell, as chairman of the independent agency that oversees Wall Street and the financial markets.
Senator Elizabeth Warren is railing against President-elect Donald Trump's pick to head up the Securities and Exchange Commission. Trump earlier on Wednesday said he wanted Wall Street lawyer Jay Clayton to be the SEC's chairman, calling him "a highly talented expert on many aspects of financial and regulatory law."
Donald Trump ridiculed Wall Street on the campaign trail, and frequently criticized his political opponents for their ties to Goldman Sachs. Now, Trump is relying on a lawyer who has spent his career representing financial firms, and has his own close ties to Goldman, to lead Wall Street's top regulator.
The head of a federal agency that oversees potentially risky financial market activities will leave office at the end of the Obama administration on Jan. 20. Timothy Massad announced his resignation Tuesday as chairman of the Commodity Futures Trading Commission. President Barack Obama appointed the corporate attorney and former Treasury Department official to the post in November 2013.
Halliburton Co. on Friday said it had reached a $100 million settlement to resolve a long-running securities fraud class action lawsuit against the oilfield services provider that twice reached the U.S. Supreme Court.
The next top cop on Wall Street could be Debra Wong Yang, a former federal prosecutor who is currently a star lawyer who has defended the likes of Uber and Chris Christie. Yang is being considered by President-elect Donald Trump to become chairman/Gibson Dunn Law practice via CNN The next top cop on Wall Street could be Debra Wong Yang, a former federal prosecutor who is currently a star lawyer who has defended the likes of Uber and Chris Christie.
For years the White House has pushed U.S. regulators to finish writing tough new rules that would restrict bonuses for Wall Street executives, one of the most contentious parts of the Dodd-Frank banking reform law. The chances of that actually happening are becoming slimmer by the day.
Kevin O'Connor, the general counsel for Steven A. Cohen's investment firm, is overseeing staff picks for the Justice Department as a member of President-Elect Donald Trump's transition team, according to a chart obtained by Bloomberg. O'Connor's employer, Point72 Asset Management, is the successor to Cohen's SAC Capital Advisors, which was the subject of one of the largest insider trading cases in recent years, though he wasn't there at the time.
Securities and Exchange Commission Chair Mary Jo White, shown at a press conference in 2015, says she will step down in January. Mary Jo White, the chair of the Securities and Exchange Commission, will step down in January, a move that leaves the future direction of the regulatory agency more uncertain than ever.
U.S. Securities and Exchange Commission Chair Mary Jo White plans to step down around the same time President Barack Obama exits the Oval Office, the agency said on Monday. Her departure will cap a nearly four-year tenure marked by regulatory and enforcement milestones, as well as internal discord over Wall Street rules.
Political friction and vacancies in top posts at the U.S. Securities and Exchange Commission have increased the likelihood that Chair Mary Jo White could remain in the job beyond the end of President Barack Obama's term. White has privately told agency officials that people with ties to both the Hillary Clinton and Donald Trump campaigns have asked if she would consider staying on to give the next president time to pick a successor, said people familiar with the matter.
U.S. Sen. Elizabeth Warren, a proponent of strong financial regulation, turned up the heat on the country's top securities regulator on Friday, urging President Barack Obama to fire Securities and Exchange Commission Chair Mary Jo White. Warren, a Democrat, has often criticized White in the past, but this was the first time she has called for her ouster.
The New Jersey-based, Nasdaq-listed firm made a filing with the US Securities and Exchange Commission on September 30, saying it was conducting an "internal investigation" into the matter. IMPROPER PAYMENTS for gaining permits and building licences for some of its 12 facilities in India have landed the country's third largest IT-BPO sector employer, Cognizant Technologies Solutions, in trouble.
Sen. Mark Warner, D-Va., asked the Securities and Exchange Commission Monday to open an investigation into whether Yahoo "fulfilled its obligations under federal securities laws to keep the public and investors informed," about a massive security breach revealed last week. The company revealed that a "state-sponsored actor" stole data associated with some 500 million accounts from its servers in late-2014.
The Securities and Exchange Commission today announced fraud charges in a scheme involving illegal stock sales and false financial filings of a company that makes containers for growing marijuana. An SEC investigation found that William J. Sears orchestrated the scheme along with his brother-in-law Scott M. Dittman, who was the CEO and sole officer at Fusion Pharm Inc. while Sears concealed his control from behind the scenes.