U.S. SEC warns against illegal trading during coronavirus disruption

WASHINGTON (Reuters) – The U.S. securities regulator on Monday warned corporate executives against insider trading during disruption caused by the coronavirus, in an unusual statement that underscores the chaos coursing through financial markets. FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters Continue Reading

SEC proposes allowing more investors access to private companies

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies. Chairman Jay Clayton participates in a U.S Securities and Exchange Commission open meeting to propose changing its Continue Reading

ETFs that don’t disclose holdings daily set for SEC nod

NEW YORK (Reuters) – Market regulators are poised to approve trading of a new kind of product that could bring more stockpickers to U.S. exchange-traded funds, according to a filing on Monday. The U.S. Securities and Exchange Commission’s conditional approval would allow Precidian Investments to license a new type of Continue Reading

BB&T agrees to return funds to investors to settle SEC charges

WASHINGTON (Reuters) – The top U.S. securities regulator said on Tuesday that BB&T Securities has agreed to return more than $5 million to retail investors and pay a $500,000 penalty to settle charges that a firm it acquired misled clients about the cost of advisory services. BB&T agreed to pay Continue Reading