Assurant shares could double-Barron's
NEW YORK, June 25 Insurer Assurant Inc's shares could double because it is emphasizing fee-based businesses while lowering its exposure to its riskier underwriting business, according to a report in Barron's.
WASHINGTON May 3 A former accountant at the U.S. Securities and Exchange Commission (SEC) is expected to settle parallel criminal and civil charges, after he was caught illegally trading options while working at the agency, according to multiple sources familiar with the matter.
The charges against David R. Humphrey, a 16-year SEC veteran, represent a rare instance of the SEC taking enforcement action against one of its own employees, and constitute an unusual violation of the SEC's ethics rules.
Humphrey is charged with one criminal count of making a false written statement, after repeatedly filing false government ethics forms that failed to disclose certain investments, according to a federal court filing.
Sources familiar with the case say he is expected to plead guilty to the criminal charge, and settle related civil SEC charges, after he was caught trading options -including many on his SEC work computer - over the course of more than a decade for himself, as well as for his mother and a friend. (Reporting by Sarah N. Lynch)
June 25 Nestle SA, is being targeted by activist investor Daniel Loeb's hedge fund Third Point LLC, Bloomberg reported, citing people familiar with the matter.