Latest Securities regulation News

In this Oct. 1, 2019, file photo, former U.S. Rep. Chris Collins leaves federal court in New York. Prosecutors recommended Monday, Jan. 13, 2020, that Collins receive nearly five years for insider trading. U.S. District Judge Vernon Broderick is scheduled to sentence Collins on Friday. (AP Photo/Frank Franklin II, File)

Prosecutors seek nearly 5 years in prison for ex-Congressman

Jan. 13, 2020 9:42 PM EST

NEW YORK (AP) — A former congressman should serve nearly five years in prison for insider trading, especially after coming to represent “the cynical idea that those in power who make the laws are not required to follow them,” prosecutors said Monday. Christopher Collins, 69, is scheduled to...

Lawyers: 'Humbled' ex-US Rep. Collins deserves no prison

Jan. 7, 2020 9:39 PM EST

NEW YORK (AP) — An ex-U.S. congressman is humbled and remorseful after pleading guilty to conspiracy in an insider trading scheme and should face no time behind bars, his lawyers argued in court papers Tuesday. The presentence submission on behalf of 69-year-old Christopher Collins was filed in Manhattan...

FILE - In this July 11, 2012, file photo, John Arensmeyer, CEO of the advocacy group Small Business Majority, poses for a portrait at the Small Business Majority office in Washington. The Setting Every Community Up for Retirement Enhancement Act, known as the SECURE Act, won final congressional approval in the Senate last month and was signed into law by President Donald Trump. One of the bill's features makes it easier for small businesses to band together to offer 401(k) and other retirement plans.“ Most small businesses simply don’t have the funds or staff to offer and manage retirement plans,” said Arensmeyer. (AP Photo/Jacquelyn Martin, File)

New law may encourage businesses to offer retirement plans

Jan. 6, 2020 3:25 PM EST

NEW YORK (AP) — A new law expanding retirement plan options for small businesses may encourage more companies to offer the benefits to their workers. The Setting Every Community Up for Retirement Enhancement Act, known as the SECURE Act, won final congressional approval in the Senate last month and was...

FILE - In this Dec. 2, 2019, file photo, Nissan Chief Executive Makoto Uchida speaks during a press conference at the automaker's headquarters in Yokohama, near Tokyo. Japanese securities regulators are recommending that automaker Nissan be fined 2.4 billion yen ($22 million) for the under-reporting of compensation of its former chairman, Carlos Ghosn. The Securities and Exchange Surveillance Commission said Tuesday, Dec. 10, 2019, it made the recommendation to the government's Financial Services Agency. (AP Photo/Eugene Hoshiko, File)

Japanese regulators recommend $22 million fine on Nissan

Dec. 10, 2019 7:26 AM EST

TOKYO (AP) — Japanese securities regulators are recommending that automaker Nissan be fined 2.4 billion yen ($22 million) for under-reporting compensation for its former chairman, Carlos Ghosn. The watchdog, the Securities and Exchange Surveillance Commission, said Tuesday it made the recommendation to...

State alleges precious metals dealer misled investors

Dec. 3, 2019 2:15 PM EST

BOSTON (AP) — Securities regulators in Massachusetts have filed a complaint against a precious metals dealer they say convinced at least six investors to liquidate their retirement accounts and buy gold and silver coins, resulting in a $1.7 million total decline in investments. Secretary of the...

Medical pot entrepreneur faces $50,000 fine

Nov. 19, 2019 2:55 PM EST

HOLYOKE, Mass. (AP) — A Massachusetts man who founded a company to cultivate recreational marijuana faces a $50,000 fine for allegedly selling $1.3 million in unregistered securities to about 40 investors. The secretary of state’s office says it reached a consent order last week with David Caputo,...