Sarah Lynch

Analysis: Critics question cost as consultants nip and tuck SEC

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission is spending millions of dollars on consultants to streamline the agency, but SEC insiders and at least one lawmaker are questioning whether the SEC is getting its money's worth.
 

SEC's Paredes calls for reproposed Volcker rule

WASHINGTON (Reuters) - A key U.S. securities regulator on Friday called for a "re-proposal" of a controversial ban on banks' proprietary trading, saying he fears a rush to implement it could cause major harm to U.S. markets.
 

SEC's Paredes calls for new Volcker rule draft

WASHINGTON (Reuters) - U.S. regulators should scrap a proposal on the Volcker rule that curbs banks' speculative bets, and work on a fresh one that does not threaten the health of markets, a member of the U.S. Securities and Exchange Commission said on Friday.
 

Nasdaq looks to Congress to win market reforms

WASHINGTON (Reuters) - Exchange operator Nasdaq OMX <NDAQ.O> is trying to gain support for a legislative proposal that would give it a competitive edge over both rival exchanges and banks that operate anonymous trading venues known as "dark pools."
 

Bill Gates backs SEC's proposal for resource extraction cos

WASHINGTON (Reuters) - Microsoft Corp Chairman Bill Gates has thrown his support behind a controversial proposal by U.S. securities regulators to make oil, natural gas and mining companies disclose payments to governments.
 

MF Global trustee to share info with investigators

(Reuters) - The trustee for bankrupt MF Global Holdings Ltd agreed to share internal documents with officials investigating a massive shortfall in the firm's customer accounts, resolving weeks of negotiations over access to the information.
 

Obama proposes large budgets boosts for SEC and CFTC

WASHINGTON (Reuters) - Financial market regulators, months behind in writing rules to implement the Dodd-Frank reforms and under pressure to probe the collapse of broker MF Global more vigorously, would get a big budget boost in the coming fiscal year from the spending plan that the White House proposed on Monday.
 

Obama proposes large budget boosts for SEC, CFTC

WASHINGTON (Reuters) - The White House on Monday proposed big budget boosts for U.S. financial market regulators, which are months behind in finalizing Dodd-Frank reforms and are under pressure to more vigorously police markets in the wake of the 2007-2009 financial crisis.
 

Senator urges lobbying against money market reform

WASHINGTON (Reuters) - Senator Pat Toomey is urging businesses to push back against efforts by U.S. securities regulators to impose new rules on the money market fund industry, which he says could "wipe out" the products.
 

Exiting watchdog sees flaws in SEC's rulewriting

WASHINGTON, DC (Reuters) - In his final act before departing the Securities and Exchange Commission on Friday, the agency's inspector general, David Kotz, criticized how the agency analyzes the economic impact of some of its Dodd-Frank rules.
 

Exiting watchdog sees flaws in SEC's rulewriting

WASHINGTON, DC (Reuters) - In his final act before departing the Securities and Exchange Commission on Friday, the agency's inspector general, David Kotz, criticized how the agency analyzes the economic impact of some of its Dodd-Frank rules.
 

SEC charges trader with hijacking accounts

WASHINGTON (Reuters) - U.S. securities regulators charged a Latvian trader with reaping more than $850,000 in illegal profits by hacking into online brokerage accounts and manipulating more than 100 securities.
 

Court hears row over Stanford investor claims

WASHINGTON (Reuters) - A hearing in federal court on Tuesday gave the victims of Allen Stanford's alleged Ponzi scheme little clarity after a federal judge said he needed more time before deciding whether an industry-backed fund should be forced to let the investors file claims.
 

Diamondback to settle insider-trade charges: SEC

WASHINGTON (Reuters) - Hedge fund Diamondback Capital Management will pay more than $9 million to settle civil insider-trading charges, and will also enter into a non-prosecution agreement with the U.S. Justice Department.
 

Diamondback to settle insider-trade charges

WASHINGTON (Reuters) - Hedge fund Diamondback Capital Management will pay more than $9 million to settle civil insider-trading charges, and will also enter into a non-prosecution agreement with the Justice Department.
 

Diamondback to settle insider-trading charges

WASHINGTON (Reuters) - Diamondback Capital Management will pay more than $9 million to settle allegations of insider trading at the Stamford, Connecticut-based hedge fund.
 

SEC, SIPC to argue in court over Stanford claims

WASHINGTON (Reuters) - Securities regulators are due in court on Tuesday to argue that a brokerage industry-backed protection fund should let thousands of victims of Allen Stanford's alleged Ponzi scheme file claims for compensation.
 

SEC says Inspector General David Kotz leaving agency

WASHINGTON (Reuters) - David Kotz, the inspector general at the Securities and Exchange Commission who has a reputation as a tough watchdog, is leaving the agency at the end of January, the SEC said on Tuesday.
 

SEC Inspector General Kotz leaving agency

WASHINGTON (Reuters) - David Kotz, the tough internal watchdog at the Securities and Exchange Commission, is leaving the agency at the end of January to join a private investigative service.
 

Insight: SEC tightens leash on exchanges post "flash crash"

NEW YORK/WASHINGTON (Reuters) - The May 2010 "flash crash" was bad for almost everyone involved in the stock market, but for the Securities and Exchange Commission, it was a disaster.