The Securities And Exchange Commission

LATEST

SEC charges credit ratings analyst and two friends with insider trading

Securities and Exchange Commission Building

The Securities and Exchange Commission has charged a credit ratings agency employee with tipping two friends about The Sherwin-Williams Co.’s confidential plans to acquire The Valspar Corp., which he learned of through his work. The SEC also charged the two friends with trading on the illicit tips, which reaped them substantial profits.

Wells Fargo Advisors settles SEC charges

Wells Fargo Building Salt Lake City

The Securities and Exchange Commission has announced that Wells Fargo Advisors LLC agreed to settle charges of misconduct in the sale of financial products known as market-linked investments, or MLIs, to retail investors.

SEC charges Merrill Lynch for failure to supervise RMBS traders

Securities and Exchange Commission Building

The Securities and Exchange Commission Tuesday announced that Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its employees misled customers into overpaying for Residential Mortgage Backed Securities (RMBS). Merrill Lynch agreed to repay more than $10.5 million to its customers and to pay penalties of approximately $5.2 million.

HOT LIST

FEATURED