Latest U.S. Securities and Exchange Commission News

Buffett's firm tweaks stock portfolio, adds Suncor, Red Hat

Feb. 14, 2019 6:45 PM EST

OMAHA, Neb. (AP) — Billionaire Warren Buffett's company has taken a new stake in Canadian firm Suncor Energy and trimmed its huge Apple stake. Berkshire Hathaway Inc. filed a quarterly update on its holdings with the Securities and Exchange Commission on Thursday. The Omaha, Nebraska-based company said it...

Judge orders $1B in fines, payments in investor fraud

Jan. 28, 2019 3:55 PM EST

MIAMI (AP) — A federal judge in Florida has ordered $1 billion in payments and fines in a fraud scheme that fleeced thousands of investors. The Securities and Exchange Commission said in a news release Monday that the Woodbridge Group of Companies and its former owner were ordered to pay the money to...

Nissan says it's 'cooperating fully' with inquiry by US SEC

Jan. 28, 2019 5:40 AM EST

TOKYO (AP) — Nissan Motor Co. said Monday it has received an inquiry from the U.S. Securities and Exchange Commission, suggesting investigations into dealings by its former chairman Carlos Ghosn could expand beyond Japan. The Japanese automaker confirmed "we have received an inquiry from the SEC, and are...

Going public? For Uber, Lyft and others, shutdown slows IPOs

Jan. 15, 2019 2:23 PM EST

WASHINGTON (AP) — The partial government shutdown is slowing plans by some companies to issue stock to the public and potentially cutting off a key source of capital for the financial markets. The shutdown, now in its fourth week, has all but darkened the Securities and Exchange Commission, the government...

2 charged with hacking SEC computers in trading scheme

Jan. 15, 2019 2:11 PM EST

NEWARK, N.J. (AP) — Two Ukrainian men hacked into the Securities and Exchange Commission's computers to steal thousands of quarterly and annual reports of public companies and worked with traders to use the information to make more than $4 million in illegal profits, U.S. Attorney Craig Carpenito said...

Going public? For Uber, Lyft and others, shutdown slows IPOs

Jan. 15, 2019 1:14 PM EST

WASHINGTON (AP) — The partial government shutdown is slowing plans by some companies to issue stock to the public and potentially cutting off a key source of capital for the financial markets. The shutdown, now in its fourth week, has all but darkened the Securities and Exchange Commission, the government...

The Latest: California governor says PG&E not trusted player

Jan. 14, 2019 8:40 PM EST

SAN FRANCISCO (AP) — The Latest on utility PG&E seeking bankruptcy protection (all times local): 5:15 p.m. California Gov. Newsom says "safety, reliability and affordability" are his main concerns as he addresses the likely bankruptcy of the state's largest utility. Newsom sought to assure the public...

SEC, Wells Fargo ink 38 Studios settlement, will be delayed

Jan. 10, 2019 6:16 PM EST

PROVIDENCE, R.I. (AP) — The Securities and Exchange Commission and Wells Fargo Securities said in a joint court filing Thursday that they have agreed in principle to settle a lawsuit over Rhode Island's failed $75 million deal with former Boston Red Sox pitcher Curt Schilling's videogame company. But the...

Companies argue against proposal not to house separated kids

Jan. 8, 2019 7:44 PM EST

NASHVILLE, Tenn. (AP) — An activist shareholder wants to pre-emptively block the nation's two largest private detention companies from housing immigrant children separated from their parents, but the companies don't want the proposal to go to a vote. Tennessee-based CoreCivic and Florida-based GEO Group...

Miami billionaire, museum donor settles fraud complaint

Dec. 29, 2018 3:29 PM EST

MIAMI (AP) — A Miami biotech billionaire with his name on the city's science museum says he has reached an agreement with the Securities and Exchange Commission to settle a civil complaint of stock fraud. Phillip Frost and OPKO Health were charged in September in long-running fraudulent schemes that...