American Equity executives to pay over $1 million to settle SEC probe into 2006 disclosures American Equity Investment Life Holding Co. on Wednesday said two top executives will pay more than $1 million in penalties as part of a settlement of a ...
WASHINGTON (Reuters) - U.S. securities regulators charged a prominent Miami couple on Wednesday with running a $135 million Ponzi scheme that victimized elderly Cuban-Americans living in South Florida. In a complaint filed in Miami federal court, the Securities and Exchange Commission alleged ...
<div><p>US regulators Thursday filed civil fraud charges against the former chief executive of failed mortgage giant Countrywide Financial, saying he misled investors about the company's risky loans.</p><p>The Securities and Exchange Commission announced the charges against Angelo Mozilo and two other former executives ...
<div><p>NEW YORK (Reuters) - Asset management and servicing giant State Street Corp <STT.N> said it might face civil charges by U.S. securities regulators for exposing investors to losses on subprime mortgages.</p><p>The company said on Monday that Securities and Exchange Commission staff had ...
<div><p>WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission's top inspector, Lori Richards, is leaving the agency after a year in which her office and the enforcement division was accused of failing to spot Bernard Madoff's $65 billion fraud.</p><p>Richards, the first director ...
<div id="subtitle">Head of SEC inspections office since 1995, Lori Richards leaving agency in August</div><div><p>The official who has headed a key division at the Securities and Exchange Commission since its creation in 1995 is leaving the agency.</p><p>Lori Richards is director ...
<div id="subtitle">Morgan Stanley paying $500,000 to settle SEC charges of misleading clients in Nashville</div><div><p>Morgan Stanley on Monday agreed to pay a $500,000 penalty to settle federal regulators' charges that it misled customers in its Nashville office about the money management firms it ...
<div><p>WASHINGTON (Reuters) - U.S. securities regulators should ban short selling unless a broker first obtains a unique identification number for specified shares, possibly from a centralized system planned by the Depository Trust and Clearing Corp, a bipartisan group of seven senators said ...
<div><p>(Reuters) - The U.S. Securities and Exchange Commission wants former Kmart Chief Executive Charles Conaway to pay $22.6 million, alleging he mislead investors before the company filed for bankruptcy in 2002, court documents showed.</p><p>In a filing with the U.S. District Court for ...
<div id="subtitle">General Electric to pay $50 million in improper accounting settlement with SEC</div><div><p>General Electric Co. will pay a $50 million civil penalty to settle charges by the Securities and Exchange Commission accusing the conglomerate of improper accounting in order to make its ...
