- Deutsche Bank paying $55M settlement on incorrect reports Updated: May-26-15 1:32 pm
WASHINGTON - Germany's Deutsche Bank AG has agreed to pay $55 million to settle civil charges of filing incorrect reports during the financial crisis that downplayed risks of huge losses.
- SEC files charges against Atlanta investment firm Updated: May-21-15 5:31 pm
ATLANTA - Charges have been filed against an Atlanta firm and two executives who are accused of selling unsuitable investments to Atlanta city employee pension funds.
- BHP Billiton pays $25M to settle SEC anti-bribery complaint Updated: May-20-15 2:38 pm
NEW YORK - BHP Billiton has agreed to pay $25 million to settle Securities and Exchange Commission charges that it violated anti-bribery laws by failing to have a proper system in place to prevent the risk of bribery when it paid for trips of 60 government officials to the 2008 Beijing Olympic Games.
- California tells for-profit chain to stop enrolling veterans Updated: May-15-15 9:25 pm
SAN FRANCISCO - A for-profit college company with 15 campuses in California was ordered by the state Friday to stop enrolling new or returning students who plan to fund their educations with GI Bill benefits.
- Ohio-based Nationwide Life Insurance to pay $8M penalty Updated: May-15-15 3:04 am
WASHINGTON - A federal agency says Ohio-based Nationwide Life Insurance Company agreed to pay $8 million to settle charges that the company routinely violated pricing rules in daily processing of orders for some insurance products.
- The bid for Avon that apparently was not Updated: May-14-15 5:50 pm
NEW YORK - An apparently bogus offer to take over Avon Products that appeared on a regulatory website sent its stock on a wild ride Thursday and raised questions about the security of the online service, a trusted source of news for investors.
- Correction: ITT Educational-Fraud Charges story Updated: May-14-15 3:04 pm
In a story May 12 about the Securities and Exchange Commission filing fraud charges against ITT Educational Services, The Associated Press erroneously spelled the last name of ITT's CEO the first reference. It is spelIed Modany, not Monday.
- Providence firm accused of $11 million Ponzi-like scheme Updated: May-11-15 5:40 pm
PROVIDENCE, Rhode Island - A fund manager and his firm have been accused by the U.S. Securities and Exchange Commission of running a Ponzi-like scheme that cost investors more than $11 million.
- Oxfam America presses SEC on drafting disclosure regulations Updated: May-06-15 8:53 pm
BOSTON - The aid group Oxfam America is pressing federal officials to draft regulations aimed at requiring U.S.-listed oil, gas, and mining companies to publish what they pay to governments for access to natural resources in foreign countries.
- SEC lawsuit accuses company of fraud in 'man camp' projects Updated: May-05-15 8:13 pm
FARGO, North Dakota - A company that sold investments in housing developments for workers in the North Dakota oil patch ran an illegal fraud scheme that bilked investors out of millions of dollars, state and federal authorities said Tuesday.
- SEC pushes for display of link between pay and performance Updated: Apr-29-15 5:23 pm
WASHINGTON - Federal regulators have taken a step toward requiring public companies to show the relationship between the compensation of their top executives and the company's financial performance.
- Groups want review of Shell's Arctic regulatory filings Updated: Apr-28-15 2:55 am
ANCHORAGE, Alaska - Two groups petitioned the U.S. Securities and Exchange Commission on Monday for an investigation of Royal Dutch Shell PLC and what the groups call misstatements in regulatory filings regarding the risk of a catastrophic oil spill from Arctic offshore drilling.