SEC Asks 10 Firms  For Trading Records
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The Securities and Exchange Commission requested 10 securities firms turn over stock-trading records for the last two weeks of September, opening a review of how Wall Street handles confidential information.
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The Securities and Exchange Commission is looking at brokerage firms suspected of failing to get customers the best stock prices, people briefed on the inquiry said.
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The Securities and Exchange Commission is looking into the accounting practices six companies&#39; use in calculating pension and other post-retirement benefit costs, according to published reports.
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(InfoWorld) - U.S. Securities and Exchange Commission (SEC) reporting rules that govern listed companies are too much for Creative Technology, which has renewed plans to delist its shares from the Nasdaq stock exchange. "The administrative overhead and cost of the evolving and increasingly burdensome U.S. reporting obligations has become significant," the company said Thursday, announcing plans to end its U.S. listing on Aug. 1. Less than 10 percent of Creative's trading volume takes place on Nasdaq, it said. "Creative believes the costs of maintaining its Nasdaq listing and continuing with its U.S. reporting obligations are no longer in the best interest of the company and its shareholders," it said. Creative's shares will continue to be traded on the Singapore stock exchange. Creative, which makes MP3 players and PC sound boards, has been down this road before. In 2003, Creative announced similar plans, saying the volume of shares traded in the U.S. was low and most analysts that cover the company are based in Singapore, where its headquarters are located. The delisting plans were announced then also held out the possibility of reducing the company's administrative overhead and cutting costs. "We believe it is in our shareholders' best interest that we initiate steps that can facilitate the elimination of our SEC reporting obligations and our intended delisting from Nasdaq," the company said at that time. The 2003 delisting plans were never realized. Whether or not Creative proceeds with its delisting plans this time remains to be seen. The company announced plans to file a formal delisting notice with the SEC on July 23, but reserved the right to delay or withdraw the filing for any reason. Once the filing has been submitted, Creative's shares can be delisted within 10 days. Assuming Creative goes through with its delisting plans, the company must continue reporting financial results under SEC rules for at least one year after its delisting.
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Securities regulators are probing several brokerage firms dealing with collateralized mortgage obligations, the Wall Street Journal reported on Friday.
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Twenty-nine investment firms, including some of Wall Street's biggest names, have been fined a total $9.2 million by securities regulators who said they were late in reporting disciplinary history and other data about their brokers. The investment arms of Merrill Lynch &amp; Co. and Wachovia Corp. were barred from registering new brokers for five business days.
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NEW YORK, Sept. 24 -- A new study suggests that securities arbitrators often agree to requests by brokers who want settlements paid to angry investors expunged from their records. This could leave future investors unaware of the brokers' past actions.
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WASHINGTON -- All five members of the Securities and Exchange Commission are being asked by Congress to defend the watchdog agency against accusations that it may be tilting toward business interests and away from investors.
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US financial regulators have requested information from Warren Buffett&#39;s Berkshire Hathaway group as part of a probe into certain insurance products.
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A coalition of environmental activists and investors are asking the Securities and Exchange Commission to require companies to disclose the risks that climate change may pose to their bottom lines.
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A group of nine of the world's  biggest investment banks said on Tuesday they planned to set up  a new system for reporting share trades, bypassing the major  European stock exchanges and ahead of new European securities  regulations due to come into force later this year.
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Warren Buffett's Berkshire Hathaway Inc. said the US Securities and Exchange Commission requested information on insurance policies that may help companies smooth earnings.
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Business & money: Under proposed code of conduct, firms would have to give more details about their business.
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Company turns over thousands of documents to House panel.
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Federal regulators have subpoenaed Fidelity Investments and several brokerage firms that handle the stock-trading business for the mutual fund giant, seeking information about gifts and expensive perks Fidelity traders may have accepted from the brokerage firms, according to attorneys involved in the case.
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Blog: Group of investors had accused ten leading investment banks of misconduct for their role in initial public stock offerings of several hundred high-tech companies during the late 1990s.
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U.S. tax authorities are seeking  information from two U.S. banks to determine whether complex  derivatives trades they undertook for clients, including hedge  funds, were designed primarily to avoid taxes, the Wall Street  Journal reported in its online edition on Thursday.