SEC charges 38 traders in stock loan scheme
453892
The U.S. Securities and Exchange Commission said on Thursday that it had charged 38 traders in a multimillion-dollar scheme involving phony finder fees and illegal kickbacks in the "stock loan" industry.
513479
Federal authorities plan to file criminal and civil charges as early as today against one or more UBS employees for providing traders with advance notice of stock-rating adjustments in exchange for cash payments, according to sources familiar with the case.
746588
If the S.E.C. continues to require shares be borrowed before they can be shorted, then an effort to make the stock loan market more transparent makes sense.
237353
Federated Investors Inc  said on Friday it recorded a charge in the fourth quarter due to the cost of employment contracts for three employees from the previously acquired Edgemont Asset Management Corp.
714970
Two big US brokers have agreed to pay fines of USD100m to the market&#39;s watchdog for hyping stock. They have agreed the fines with the Securities and Exchange Commission (SEC) for &quot;inappropriate analysis of stocks&quot;.
250694
Brokerage Charles Schwab &amp; Co. has agreed to pay a &#36;350,000 civil fine to settle federal regulators' allegations that it illegally allowed certain customers to change mutual fund trade orders after the market's close.
361722
Bear Stearns Cos.  said on Thursday quarterly net income soared 38 percent helped by gains from fees for merger advice and underwriting debt for corporations and acquisition-hungry private equity firms.
633044
About a dozen brokerage firms are suspected of failing to secure the best available price for stocks they were trading for their customers.
135855
The results matched the consensus estimate of 38 cents per share with health care and transportation among the businesses with a jump in orders.
492726
Four senior executives at Pegasystems Inc. got some very good news one Friday in April 2003. Directors of the Cambridge software company had awarded them a total of 240,000 stock options with an exercise price set to reflect prevailing market prices.
513424
US mutual fund investors could be hit with a record $350bn capital gains tax bill because their funds took big profits from rising stock markets last year.
334297
The US Securities and Exchange Commission on Thursday charged brokerage firm Raymond James Financial Inc. (RJF.N: Quote, Profile, Research) with fraud over the misconduct of a former broker in 1999 and 2000.
341160
The issue that is contentious is a rule that is meant to assure that if an investor offers to buy a share for $25, no stock will be sold for less until his order is filled.
118561
Invesco Funds Group and its sister company agreed Tuesday to pay $376.5 million and surrender another $75 million in fees to settle allegations of improper trading, a deal that will send nearly all the money to investors harmed by the practice.
259366
Your broker may be making a pretty penny lending your stock to a hedge fund without your knowledge. Here's how to get a cut of the action.
461466
Creating greater transparency in the stock loan market, relied upon by those who borrow stock to sell short, would help people get fairer prices.
140263
Fourteen firms are under scrutiny for possible accounting fraud, insider trading or other violations tied to loans made to borrowers with weak, or subprime, credit.