SEC News
Ebix’s Raina Loses Magic Touch As U.S. Probes Accounting
Robin Raina always had the magic touch, or so it seemed until Wednesday, when the disclosure of a U.S. criminal probe of his software company's accounting practices blew up a proposed $820 million ...
SEC Settlement Policy May Pressure Other Agencies To Toughen Up
The decision by the U.S. Securities and Exchange Commission to seek admissions of wrongdoing in select enforcement cases is expected to put pressure on other federal financial regulators to get ...
Mini Flash Crashes Caused By Sloppiness, Not A Broken Market: SEC
Unexplained rapid price drops in single stocks have generally been triggered by human error, not nefarious trading activity or high-speed trading algorithms gone wild, an official at the U.S. ...
SEC Will Seek Admission of Wrongdoing in More Cases, White Says
The U.S. Securities and Exchange Commission will seek more admissions of wrongdoing from defendants as a condition of settling enforcement cases, the agency's chairman said. SEC Chairman Mary Jo ...
EU Allows Exchange Information Exchange With U.S. on Audit Probes
Audit regulators in the European Union won EU approval to swap information with their U.S. counterparts in a step that makes it easier for watchdogs to probe potential malpractice. The U.S. Public ...
SEC Presses Berkshire for More Data On Insurance Cat Losses
Warren Buffett's Berkshire Hathaway Inc. is providing more data about claims costs at insurance units after the U.S. Securities and Exchange Commission pressed the company for the information. We ...
U.S. Audit Regulator Reaches Deal With China On Document Access
U.S. regulators will get access to Chinese companies' audit documents under a deal announced on Friday, opening the way to probes of bungled audits after a two-year stand-off between China and the ...
Senator Demands Economic Justification For No-Admission Settlements
An outspoken freshman U.S. senator with a record of taking on Wall Street wants financial regulators and federal prosecutors to provide an economic justification for allowing big banks to settle ...