Securities and Exchange Commission

Why We Could Easily Have Another Flash Crash

It's been a great year for stocks, which could make some grow complacent. But before you run with the bulls, be warned: Our markets aren'€™t safe from another flash crash.

SEC Charges Illinois With Fraud -- and Settles Immediately

On Monday, the Securities and Exchange Commission published a notice that simultaneously charged the state of Illinois with committing securities fraud and also settled the charges, without requiring Illinois to either "admit or deny" the agency's findings.

Post-Financial Crisis, the SEC Is More Toothless Than Ever

Whether you have millions of dollars invested in stocks, or a few thousand bucks in mutual funds, it's vitally important to you that the SEC -- Wall Street's top cop -- is doing its duty, and enforcing the law. But a new report casts doubt on whether our financial cop is really on the beat.

Exchanges Seek Test Program for Small, Mid-Cap Stock Pricing

Representatives from NYSE Euronext, Nasdaq OMX and BATS Global Markets will be among the experts to gather during a daylong roundtable at the Securities and Exchange Commission to discuss tick sizes, or the minimum pricing increment that can be used to trade securities.

JPMorgan CEO Sees Pay Slashed Over London Whale Trading Loss

JPMorgan Chase reported a 55 percent jump in earnings for the fourth quarter as mortgage fees and other income surged. The bank also released its reviews of a $6 billion trading loss that drew sanctions from regulators, and said it would cut CEO Jamie Dimon's pay by more than half as a result.

10 Mistakes That Turn Investors Into Their Own Worst Enemies

The hardest part of investing can sometimes be getting out of your own way. Too often, we let emotions guide our investing strategies, with disastrous results. A new study reveals the most common mistakes: We've summed up the popular pitfalls so you can avoid them.

Insider Trading at Playboy: The Case Against Christie Hefner's Husband Revealed

Christie Hefner, daughter of Hugh Hefner, was in control of Playboy Enterprises for two decades as its CEO. What she wasn't in control of was her husband, William Marovitz, who was secretly trading Playboy stock based on inside information. A new report by Bloomberg reveals the details of his transgressions for the first time.

Entrepreneur of the Year Allegedly Stole $40 Million From Investors

A Miami businessman whom Ernst & Young once named "Entrepreneur of the Year" has been accused of swindling $40 million from investors, including some NBA stars, to support a lavish lifestyle. Venezuelan-born Claudio Osorio, 54, was arrested Friday and charged with 23 counts of fraud and money laundering .

Mary Schapiro Stepping Down After Leading SEC in Crisis

Mary Schapiro is stepping down as chairman of the Securities and Exchange Commission after helping lead the Obama administration's regulatory response to the 2008 financial crisis. The SEC says Schapiro will leave on Dec. 14.

The (Welcome) Death of a Stock Salesman

It's the end of an era... or at least of a notable decade. Earlier this month, penny-stock promoter Wall Street News Alert announced it is winding down after a decade-long run. In a widely distributed press release that at times sounded like a eulogy to the dearly departed, WSNA confirmed that it "has left the investor relations business."

Beleaguered Knight Capital Gets a $400 Million Financing Lifeline

Knight Capital says investors have agreed to supply it with $400 million in financing, which would help the trading firm stay in business after last week's disastrous software glitch that shook stock trading across the market, cost the firm $440 million, and jeopardized its future.

SEC Requires Uniform System for U.S. Stock Exchanges

U.S. stock exchanges and markets must establish a uniform system for tracking all orders and trades under an SEC rule approved Wednesday. The change should make it easier for the government to investigate market disruptions like the 2010 Flash Crash.

BofA Accused of Hiding Merrill Lynch Bad News Before Buyout

Top executives at Bank of America did not tell shareholders just prior to a 2008 vote on its purchase of Merrill Lynch that its losses were mounting, papers filed in shareholder litigation show. But the bank says it should not be liable to shareholders in the matter.

Facebook Boosts Size of IPO by 25% in Light of Investor Demand

Facebook insiders will be unloading more of their shares in the initial public offering, the company said Wednesday, as they take advantage of investor demand. The entire increase comes from insiders and early investors, so the company won't benefit from the additional sales.