Latest Securities and Exchange Commission (SEC) News: Finextra Research

Diebold pays $25m over accounting fraud charges

ATM manufacturer Diebold has agreed to pay $25 million to settle Securities and Exchange Commission charges of fraudulent accounting designed to inflate earnings.

03 June 2010

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SEC votes in favour of $4 billion audit trail; Finra widens net to back office

The Securities and Exchange Commission has voted to approve a proposal requiring national securities exchange to establish a consolidated audit trail of all stocks traded in US markets from order through to execution.

27 May 2010

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Flash crash prompts circuit breaker roll-out

The Securities and Exchange Commission (SEC) has called for uniform circuit breakers on all S&P 500 stocks in response to the "flash crash" that caused mayhem earlier this month.

19 May 2010

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'Flash crash' post-mortem points to high speed trading curbs

Curbs on high speed trading in US markets appear inevitable as policymakers pore over the sequence of events that led to the dizzying plunge in the Dow Jones Industrial Average last week.

12 May 2010

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SEC summons exchange chiefs in wake of Dow plunge

The SEC has summoned exchange bosses to Washington for talks on how to prevent a repeat of Thursday's plunge in stock prices when the Dow Jones Industrial Average shipped more than 1000 points.

10 May 2010

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SEC staff found surfing porn on work computers

An internal investigation by the Securities and Exchange Commission (SEC) has found 33 employees viewed porn on agency computers over the past five years, with the worst excesses occurring during the height of the financial crisis.

26 April 2010

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SEC to introduce large trader reporting system

The US Securities and Exchange Commission is to formally propose a new rule that would require bulge bracket trading firms to register their identities and disclose their trades to market authorities.

14 April 2010

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SEC considers electronic tagging of high-frequency traders - WSJ

The US Securities and Exchange Commission is considering the electronic tagging of trades conducted by automated trading shops in an effort to keep tabs on the activities of high-frequency traders.

07 April 2010

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SEC to build IT Forensics Lab

The US Securities and Exchange Commission is to build a new 'state-of-the-art IT Forensics Lab' after admitting that successive technology budget cuts between 2005 and 2007 severely constrained its ability to effectively police the markets.

18 March 2010

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SEC begins overhaul of US equity markets with ban on direct market access

The US Securities and Exchange Commission has proposed new rules prohibiting broker-dealers from providing customers with unfiltered or naked access to an exchange or ATS. The watchdog has also called for comment on issues relating to high-frequency trading, co-locating trading terminals and dark pool trading as it seeks to re-write the rule-book for a new era of computer-driven trading.

14 January 2010

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Perot man charged with insider trading returns $8.6 million

A former Perot Systems employee accused of insider trading by the US Securities and Exchange Commission (SEC), has agreed to return $8.6 million in 'illicit profits'.

06 January 2010

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Icap pays $25 million SEC penalty to cover fake trading charges

Interdealer broker Icap is to pay $25 million in settlement to the US Securities and Exchange Commission over charges that it displayed fake trades on its screens to encourage customer dealing.

21 December 2009

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