Monthly Archives: October 2015

Ex-CEO who challenged SEC in-house court must pay $4.2 million | Reuters

A former chief executive of Assisted Living Concepts Inc was ordered to pay $4.2 million on Friday after losing a closely-watched challenge to the U.S. Securities and Exchange Commission’s use of in-house enforcement proceedings. An SEC administrative law judge ruled that Laurie Bebo, the former CEO, had engaged in a fraudulent scheme by listing fake occupants at some of the…

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U.S. securities regulator expands use of powerful software: source – Business Insider

The U.S. Securities and Exchange Commission (SEC) is expanding an effort that allows its staff to search massive amounts of data for signs of insider trading and other securities violations, a person familiar with the matter said. The SEC is awarding a five-year, $90 million contract to privately held Palantir Technologies to provide software for the detection program, the person…

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