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

SEC to review Nyse data fee ruling

The US Securities and Exchange Commission has heeded the demands of Internet giants such as Google and Yahoo! and agreed to review a recent round of previously approved fee hikes for market data usage proposed by the New York Stock Exchange (Nyse).

05 January 2007

/regulation

SEC freezes assets of Estonian firm implicated in hi-tech pump and dump fraud

The Securities and Exchange Commission has obtained an emergency asset freeze against an Estonian-based corporation accused of hi-jacking online brokerage accounts to conduct a hi-tech pump and dump scam.

20 December 2006

/wholesale

FSA ditches XBRL

The UK's Financial Services Authority has stated that it will not be introducing the eXtensible business reporting language (XBRL) format for filing of financial and regulatory returns.

30 November 2006

/retail

Internet giants lobby SEC over exchange data fees

A coalition of some of the Internet's largest financial news sites, including Google and Yahoo!, is petitioning the Securities and Exchange Commission to review the fees that stock exchanges charge for market data.

15 November 2006

/security

Estonian trader settles SEC electronic theft charges

An Estonian man who allegedly used a 'spider' program to steal advance PR filings from the Business Wire Web site will pay a $15,000 fine to settle electronic theft charges and return more than $550,000 of trading profits, the US Securities and Exchange Commission (SEC) says.

23 August 2006

/retail

SEC probes Diebold

US ATM manufacturer Diebold says the US Securities and Exchange Commission (SEC) has launched a formal investigation into how the company recognises its revenue.

08 August 2006

/wholesale

SOX not an immediate issue in LSE/Nasdaq tie-up, but regulatory implications remain says FSA

The Financial Services Authority has stated that UK-listed firms would not have to comply with Sarbanes Oxley and other US regulations if the London Stock Exchange is bought out by an American company, but cautions LSE stakeholders against future compliance headaches in a combined group.

12 June 2006

/regulation

US financial sector passes resiliency test

Federal regulatory agencies in the US say that clearing and settlement organisations and other firms that play significant roles in critical financial markets are now considerably more resilient to wide-scale disruptions than before September 11.

28 April 2006

/retail

Online investors are prime cyber-crime targets SEC warns

The US Securities and Exchange Commission (SEC) is urging online investors to take extra precautions to protect their online accounts from keylogging identity thieves following "numerous" cases of unauthorised access over the past few months.

04 November 2005

/security

SEC charges Estonian PR hackers

The US Securities and Exchange Commission has filed fraud charges against an Estonian financial services firm and two of its employees who allegedly used a 'spider' program to steal advance PR filings from the Business Wire Web site and made at least $7.8 million by illegally trading on the stolen data.

02 November 2005

/wholesale

SEC issues interactive data RFI

The US Securities and Exchange Commission (SEC) has issued a request for information (RFI) to help identify ways to receive, store, view and analyse interactive financial data.

05 October 2005

/regulation

US government slams financial sector IT recovery failings

The US Government Accountability Office has ripped into the Securities and Exchange Commission and top trading firms for failing to adequately protect their operations from risk of disruption by terrorist attacks or other disasters.

29 October 2004

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