SEC charges insiders, including Bain's Sankaty, with disclosure violations

U.S. regulators have charged 34 companies, corporate executives and major shareholders in a first-of-its-kind sweep into violations of federal laws that require insiders to disclose promptly their stock holdings and trades. The U.S. Securities and Exchange Commission said that the defendants included well-known companies such as Starwood Hotel & Resorts Worldwide Inc, Jones Lang LaSalle Inc, Royal Bank of Scotland and Sankaty Advisors LLC, a unit of the private equity firm Bain Capital.