Securities Exchange Commission

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Leon Cooperman asks for insider trading case to be dismissed

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Leon Cooperman, the hedge-fund legend accused by the U.S. Securities and Exchange Commission of insider trading, asked for its lawsuit to be dismissed, saying the regulator had revised its allegations after his lawyers had argued that he wasn’t bound by a duty not to trade on an insider’s information about a deal.

SEC chair to step down

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SEC Chair Mary Jo White, after nearly four years as the agency’s head, today announced that she intends to leave at the end of the Obama Administration. Under Chair White’s leadership, the Commission strengthened protections for investors and the markets through transformative rulemakings that addressed major issues highlighted by the financial crisis.

SEC fines Deutsche Bank

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The Securities and Exchange Commission has announced that Deutsche Bank Securities has agreed to pay a $9.5m penalty for failing to properly safeguard material nonpublic information generated by its research analysts.

C Suisse agrees to pay $90m penalty

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The Securities and Exchange Commission announced that Credit Suisse has agreed to pay a $90m penalty and admit wrongdoing to settle charges that it misrepresented how it determined a key performance metric of its wealth management business.

State Street to pay $382.4m to settle SEC claims

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The Securities and Exchange Commission has announced that State Street Bank and Trust Company has agreed to pay $382.4m in a global settlement for misleading mutual funds and other custody clients by applying hidden markups to foreign currency exchange trades.

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Leon Cooperman asks for insider trading case to be dismissed

Leon Cooperman, the hedge-fund legend accused by the U.S. Securities and Exchange Commission of insider trading, asked for its lawsuit to be dismissed, saying the regulator had revised its allegations after his lawyers had argued that he wasn’t bound by a duty not to trade on an insider’s information about a deal.

SEC Building

SEC chair to step down

SEC Chair Mary Jo White, after nearly four years as the agency’s head, today announced that she intends to leave at the end of the Obama Administration. Under Chair White’s leadership, the Commission strengthened protections for investors and the markets through transformative rulemakings that addressed major issues highlighted by the financial crisis.