RAMAPO, N.Y. – A suburban New York town supervisor and the former head of a local development corporation were charged with securities fraud April 14 in connection with the financing of a controversial stadium. Ramapo Supervisor Christopher St. Lawrence and ...

Tagged with: Securities and Exchange Commission

NEW YORK  — Standard & Poor’s agreed on Wednesday to pay the U.S. government and two states more than $77 million to settle charges tied to its ratings of mortgage-backed securities. In its first enforcement action against a major rating ...

Tagged with: Securities and Exchange Commission Standard & Poor's

WASHINGTON  — Federal regulators are proceeding with new rules that ease guidelines for banks selling mortgage securities and could mean fewer borrowers will need to make hefty down payments. The Securities and Exchange Commission voted 3-2 Wednesday to adopt the ...

Tagged with: Consumer Financial Protection Bureau Securities and Exchange Commission

WASHINGTON  — Financial firms that sell securities backed by loans, like the kind that fueled the 2008 financial crisis, will have to give investors details on borrowers’ credit records and income under action taken Wednesday by federal regulators. The Securities ...

Tagged with: Securities and Exchange Commission

CHARLOTTE — The federal Securities and Exchange Commission will hold an investor outreach program from 2-4 p.m. Thursday in Room 901 of the UNC Charlotte Center City Campus, 320 E. 9th St., in collaboration with the U.S. Attorney’s Office. The ...

Tagged with: Securities and Exchange Commission

ALBANY, N.Y.  — The Securities and Exchange Commission has rejected a request from New York’s comptroller to advance shareholder resolutions that would ask two major banks to disclose which employees are capable of exposing them to major losses because of ...

Tagged with: Securities and Exchange Commission

A murky, internecine lawsuit over $1.2 billion involving two formerly synonymous giants of economic development in Charlotte has ended in what appears to be an equally shadowy draw. But the documents filed Tuesday in a Texas court dismissing a 2010 ...

Tagged with: bankruptcy Crescent Resources Duke Energy lawsuit Securities and Exchange Commission

OMAHA, Neb.  — Warren Buffett’s company now owns nearly 31 percent of the world’s largest manufacturer of wallboard, USG Corp. Berkshire Hathaway Inc. filed an update with the Securities and Exchange Commission on Thursday showing that it now owns 43.4 ...

Tagged with: Securities and Exchange Commission Warren Buffett

Crowdfunding has been used to finance independent films, support aspiring novelists and musicians and launch small businesses. Now new rules under review by the Securities and Exchange Commission may shake up the real estate market by making it easier for ...

Tagged with: David Moore Horack Talley Securities and Exchange Commission

NEW YORK — Brian Moynihan, the CEO of Bank of America Corp., received compensation valued at $1.25 million in 2010, according to an Associated Press analysis of regulatory filings. Moynihan received a salary of $950,000 and no stock or cash ...

Tagged with: Bank of America Brian Moynihan Securities and Exchange Commission