The SEC said it has charged Richard Lee, a former portfolio manager at SAC Capital Advisors, with insider trading ahead of major announcements by technology companies.
CIT announced that it has commenced a public offering of senior unsecured notes due 2023. CIT plans to use the net proceeds from the offering of the notes for general corporate purposes.
The Wall Street Journal reported that S&P’s president Douglas Peterson said a proposal to revise its business model would create new conflicts of interest and disrupt financial markets.
Bloomberg reported that the FBI is working with the SEC in a criminal probe of trading “anomalies” prior to the announcement of a deal to buy H.J. Heinz.
The SEC charged two auditors at KPMG for their roles in a failed audit of a NE-based bank that hid millions of dollars in loan losses from investors during the financial crisis.