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The payments include $4bn for criminal charges and $525m to security regulators.
For a number of years, security regulators have used well-functioning computer algorithms to spot trades that appear to have taken advantage of insider information — large buys in advance of good news or sells in advance of adversity.
C1 Trouble for Brokerage Unit Legal troubles continued to mount for Morgan Stanley Dean Witter & Company as security regulators accused the investment bank's brokerage unit of misleading thousands of investors into buying mutual funds that cost them $65 million.
Chinese security regulators ordered the two listed companies, Tianyi Science and Tianfai Petroleum to repay their debts by the end of this year or face delisting.
In the end, however, it appeared a compromise would enable the deal to go through: security regulators eliminated the public subscription side to the deal.
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Both EDF and the security regulator insist that safety is a top priority.
The offerings are filed with state securities regulators and are subject only to state regulations, which can vary greatly.
Several state securities regulators also denounced the rule.
To securities regulators, there are no constitutional issues involved.
According to securities regulators, today's rules close that loop.
Other advisers must register with state securities regulators.
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