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In a milestone for the U.S. Securities and Exchange Commission’s whistleblower award program, the agency on Friday announced a $700,000 award to an industry expert who provided it with “high-quality analysis” in an enforcement action.
The award is the first the SEC has issued to someone outside a company since it launched the whistleblower program in 2011. Whistleblowers who voluntarily provide the SEC with unique and useful information that leads to a successful enforcement action are eligible for an award. Read more.
Goldman Sachs has agreed to pay $15 million to settle charges it failed to perform adequate review of securities that customers had asked it to “locate” for short sales.
Federal regulations bar brokerages from accepting short sale orders unless they have borrowed the security, entered into a bona fide arrangement to borrow the security, or have “reasonable grounds” to believe they can borrow the security so it can be delivered on the delivery date. Read more.
While the jobs market stabilizes, import prices decline for the sixth straight month.
RE/MAX, NetApp, Applied Micro Circuits, Ice Energy, Informatica, Education Management, MetricStream, Allison Transmission, Eldorado Resorts, Ametek
But concern arises about slowing momentum in the semiconductor maker’s data-center division.
The weak PPI data suggests inflation will not increase enough for the Fed to raise interest rates again this spring.
The closures include all 102 small-format Walmart Express stores, with the retailer choosing to focus on its Neighborhood Markets.
GE Appliances trails only Whirlpool in the U.S. white goods market, giving Haier a greatly expanded footprint.
The SEC alleges the firm’s securities lending desk failed to comply with rules intended to prevent illegal short selling.
The $700,000 award is the first to a company outsider, illustrating the broad scope of the SEC’s whistleblower program.
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