Security and Exchange Commission (SEC)

12:57am

Tue November 26, 2013
State Of American Small Business

Small Firms May Soon Turn To Crowdfunding To Sell Shares

Originally published on Tue November 26, 2013 11:28 am

iStockphoto

Crowdfunding is popular among musicians, filmmakers and artists looking for a way to finance their next project.

Now the Securities and Exchange Commission is considering rules that, for the first time, would allow small companies to solicit investments over the Internet and sell shares to the general public.

For some small firms, these new rules come as welcome news.

Read more

7:44am

Thu September 19, 2013
Business

Whale Of A Fine: JPMorgan Chase To Pay $920M In Penalties

Originally published on Thu September 19, 2013 9:39 am

The JPMorgan Chase building in London, where traders ran up huge losses.
Timur Emek AP

JPMorgan Chase has agreed to acknowledge that it violated federal securities laws and will pay $920 million in penalties assessed by regulators in the U.S. and U.K. to settle charges related to the huge trading losses racked up by its London traders last year, the Securities and Exchange Commission announced Thursday morning.

As we wrote earlier this week when word of the pending settlement first emerged, this all:

Read more

9:34am

Wed September 18, 2013
Business

Proposed Rule Would Make Companies Disclose CEO-To-Worker Pay Ratio

Originally published on Wed September 18, 2013 1:58 pm

Warren Buffett, chairman and CEO of Berkshire Hathaway, bucks the trend on executive pay, with a salary only 11 times what the company's average worker makes.
Kevork Djansezian Getty Images

Update At 12:30 p.m. ET. SEC Approves Rule:

The Securities and Exchange Commission has voted 3-2 to move the proposed rule ahead, with the two Republican commissioners opposing the measure.

The rule now goes for a 60-day public comment period, after which it could be formally adopted.

SEC commissioners also voted unanimously to require municipal advisers to register with the agency.

Here's our original post:

Read more

5:24pm

Mon September 16, 2013
Business

JPMorgan To Get Whale Of A Fine For Trading Losses

Originally published on Tue September 17, 2013 7:38 am

JPMorgan Chase will reportedly pay a $700 million fine to settle allegations that it made risky trades out of its London office that led to more than $6 billion in losses.
Mark Lennihan AP

Authorities are set to slap banking giant JPMorgan Chase with a massive fine over the bank's huge trading losses in London last year, confirms NPR's Jim Zarroli.

Though details of the deal are still pending, several reports put the amount at more than $700 million. It comes on the heels of the bank's having recently paid $410 million to settle charges that it manipulated energy markets.

Read more

2:24pm

Sun August 18, 2013
Business

U.S. Investigators Launch Probe Of JPMorgan Chase In China

Originally published on Sun August 18, 2013 2:49 pm

The office of the locally incorporated JPMorgan Chase Bank in Beijing.
AFP/Getty Images

The Securities and Exchange Commission has launched an investigation of JPMorgan Chase's operations in China, reportedly looking into whether the investment bank hired the children of high-ranking Chinese government officials in an effort to secure business.

The Wall Street Journal quotes from an SEC filing that says U.S. regulators are investigating "business relationships with certain clients."

Read more

Pages