Securities and Exchange Commission

Theranos, the blood testing startup accused of an elaborate fraud, told shareholders it will be shutting down. Founder and former CEO Elizabeth Holmes is facing criminal charges.

Health & Safety

Theranos, Blood-Testing Company Plagued By Scandal, Says It Will Dissolve

3:41pm September 05, 2018

by Laurel Wamsley

The company was once valued at $9 billion. Founder Elizabeth Holmes and another former executive are facing criminal charges, and Theranos says it does not have the cash to pay shareholders.

The Securities and Exchange Commission voted to allow investment firms, starting in 2021, to stop creating and mailing paper mutual fund reports to investors.

Economy

Say Goodbye To Some Paper Investment Reports

2:36pm June 06, 2018

by Charlotte Norsworthy

Investors and retirees who now get lengthy paper reports on how their mutual funds are doing will have to go online for the same updates. The change is frustrating consumer watchdogs.

National

SEC Says Cybercriminals Hacked Its Files, May Have Used Secret Data For Trading

11:37pm September 20, 2017

by Barbara Campbell

The Securities and Exchange Commission says the "nonpublic information" might have given the intruders an edge in the markets, but didn't contain personally identifiable information.

President Donald Trump signs a bill repealing a rule passed last July that required oil, gas and mining companies to disclose payments to overseas governments. The rule was meant to promote transparency. Critics of the repeal argue it served as an importa

Repeal Of Anti-Corruption Rule May Hurt National Security, Critics Warn

4:38pm February 27, 2017

by Michele Kelemen

The repealed Securities and Exchange Commission rule required oil, gas and mining companies to disclose overseas payments. It was meant to promote transparency in countries riddled with corruption.

Queue Listen Now

Donald Trump has nominated Jay Clayton, a Wall Street lawyer, to head the Securities and Exchange Commission. Critics say it's another example of Trump packing his Cabinet with Wall Street insiders.

Can An SEC Nominee With Ties To Goldman Regulate Wall Street Impartially?

8:25pm January 05, 2017

by Chris Arnold

Donald Trump has nominated Jay Clayton, a Wall Street lawyer, to head the Securities and Exchange Commission. Critics say it's another example of Trump packing his Cabinet with Wall Street insiders.

Queue Listen Now

Feds Investigate Fiat Chrysler Over Car Sales

8:07pm July 18, 2016

by Jason Slotkin

The automaker confirmed the Securities and Exchange Commission is asking questions, along with the Justice Department, about the accuracy of reports the company files on its car sales.

The Securities and Exchange Commission voted 3-2 Wednesday to adopt a rule that would require many public companies to list their chief executives' total annual compensation as a ratio to their workers' median pay.

SEC Adopts CEO Pay Ratio Rule, Five Years After It Became Law

12:08pm August 05, 2015

by Bill Chappell

After the agency formally proposed the pay ratio reporting rule in 2013, it received more than 280,000 public comments that called on its commissioners to approve the rule.

The JPMorgan Chase building in London, where traders ran up huge losses.

Whale Of A Fine: JPMorgan Chase To Pay $920M In Penalties

11:39am September 19, 2013

by Mark Memmott

Traders in JPMorgan's London offices racked up huge losses last year and then tried to cover up what happened. Now, the bank is admitting the violations and agreeing to pay nearly $1 billion to regulators in the U.S. and U.K.

Queue Listen Now