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EU wants co-operation with SEC on rating agencies: report
(Reuters)
European Business News
Reuters - The European Commission wants to cooperate closely with the U.S. Securities and Exchange Commission (SEC) on the planned regulation of credit rating agencies, the German financial weekly Euro am Sonntag reported. Source: Yahoo! News: Business - European Economy
U.S. Securities and Exchange Commission (SEC) (Hover)
Mary Schapiro, chairman of the Securities and Exchange Commission, is leaving the agency on Dec. 14. Schapiro was appointed by President Obama after the 2008 financial crisis. Ref. USAToday
Two units of hedge fund giant SAC Capital agree to pay a total $614 million to Securities and Exchange Commission to settle charges they traded on confidential information about drug stocks Elan and Wyeth Pharmaceuticals, and tech stocks Dell and Nvidia. Ref. USAToday
SAC portfolio manager arrested by FBI
Another portfolio manager for hedge fund operator SAC Capital Advisors has been arrested in New York City as part of a federal insider trading investigation. The FBI says Michael Steinberg was arrested at 6 a.m. Friday at his home. It declined to specify the charges. Ref. USAToday