FINRA staff discuss examples of registered representatives’ misconduct, as featured in the July issue of FINRA’s Quarterly Disciplinary Review.Read full story
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The state of Solar Energy Initiatives Inc. appears uncertain after the company issued a dire forecast last week in its quarterly report filed with the Securities and Exchange Commission, and its main phone number was disconnected.Read full story
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Officials at Austin-based Luminex expect the deal to generate $5 million to $7 million in revenue this year, according to a filing with the U.S. Securities and Exchange Commission U.S. Securities and Exchange Commission DeVry lays off 135 in moving online operations BofA ties debt fundraiser to S&P 500 Progress Energy pension returns up 14% […]
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The desire for change is not easily swept aside. Cheap sparkly stuff cannot permanently assuage a deep down hunger for a freer life and a more liberated path.Read full story
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Regulators with the Securities and Exchange Commission have broadened their probe of mortgage bonds sold by St.Read full story
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Topix SEC NewsAuthorities working to secure assets for victims of a massive, Stamford-based investment fraud have obtained $230 million from an offshore account.Read full story
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Topix SEC NewsJune 25–A Raleigh company that sells a blood test to measure patients’ risk for heart disease is reviving plans for an initial public offering of stock.Read full story
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Topix SEC NewsIt’s like taking candy from a baby, with sweet words like “guaranteed,” “protected” and “secure.” Starved for interest income, individuals are ready to devour just about anything their broker or financial adviser tells them is “guaranteed” or “protected” and will pay better interest than a CD or bond.Read full story
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BlueArc Corporation, a leader in scalable, high-performance network storage, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of shares of its common stock.Read full story
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Forget for a moment the IMF, and instead direct your gaze upon the MMF: Money Market Funds.Read full story
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The US Securities and Exchange Commission wants a former analyst at credit rating agency Moody’s Investors Service to cough up roughly $10 million for his alleged role in illegal insider trading.Read full story
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Topix SEC NewsInsurers out to kill fiduciary standard, planners say CFP Board sends petition to Congress urging adoption of single standard of care; ‘isolated pocket of opposition’ June 23, 2011 3:51 pm ET A petition signed by thousands of financial planners was delivered to the Securities and Exchange Commission, urging the commission to impose a […]
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In the fall of 2009, Deutsche Bank quietly fired one of its top derivative traders in London after a colleague in New York complained about finding “substantial trading anomalies” in a multibillion dollar portfolio of high-risk credit default swaps managed by the German-based bank, Reuters has learned.Read full story
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The $154 million settlement the Securities and Exchange Commission wrested from JPMorgan Chase involved only one of more than two dozen mortgage securities deals that the hedge fund Magnetar helped create.Read full story
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A federal civil lawsuit alleging Tampa businessman Brian Marshall and some former associates committed securities fraud has been partially stayed to allow a parallel criminal investigation of similar accusations.Read full story
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Topix SEC NewsWith a strong concentration in commercial and industrial lending, Fifth Third Bancorp represents an opportunity for investors to participate in the economic recovery now, according to Guggenheim Securities analyst Marty Mosby.Read full story
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This podcast explains recent FINRA rule changes that allow customers with claims over $100,000 to choose an all-public arbitration panel.Read full story
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Topix SEC NewsThree Securities and Exchange Commission chairmen ago, the hot issue for Wall Street regulation was whether hedge funds should be required to register with the commission.Read full story
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Topix SEC NewsHedge funds will have to abide by new rules adopted Wednesday. But many funds and related groups support the changes.Read full story
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Topix SEC NewsThe rules, mandated under the financial overhaul law passed last year, seek to protect investors from risky trades and prevent another financial crisis.Read full story
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Topix SEC NewsThe nation’s securities regulator on Wednesday delayed a long-awaited rule bringing U.S. hedge funds under its purview, as the agency struggles to implement a mountain of new rules after the banking crisis.Read full story
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Topix SEC NewsJPMorgan to pay $153.6M to settle fraud charges JPMorgan Chase & Co. has agreed to pay $153.6 million to settle civil fraud charges that it misled buyers of complex mortgage investments just as the housing market was collapsing.Read full story
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Topix SEC NewsHigh-flying shares in Chinese companies have come crashing to the ground recently, amid a flurry of accounting scandals and a crackdown by US regulators.Read full story
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Topix SEC NewsWord that Australian mining giant BHP Billiton could be making a takeover offer of up to $50 per share for his company’s $1-plus shares came as a surprise to Jes Black, chairman and CEO of Allied American Steel.Read full story
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Sri Lanka’s stock brokers should be allowed to give margin accounts to clients based on their capital but they should have better risk management and monitoring systems, market participants said.Read full story
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Topix SEC NewsSenior leaders of the Bangladesh Nationalist Party on Sunday alleged that a syndicate of top officials of the Prime Minister’s Office, finance ministry, Bangladesh Bank and the Securities and Exchange Commission plundered crores of takas from investors in the country’s share market.Read full story
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Topix SEC NewsThe Securities and Exchange Commission has issued warnings about some reverse mergers.Read full story
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FINRA staff introduces the new Municipal Continuing Disclosure Report available through FINRA’s Report Center.Read full story
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The Securities and Exchange Commission says that Pheu Thai’s No.1 party list candidate Yingluck Shinawatra’s alleged perjury in the assets seizure case against her elder brother Thaksin Shinawatra was not a violation of the SEC law.Read full story
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The Securities and Exchange Commission is investigating the shareholding of Country Group Securities in MFC Asset Management after a former CGS executive claimed it held more shares than marked data show for MFC.Read full story
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Topix SEC NewsShares of Regions Financial Corp.A fell 2.2% Monday after a report that the bank’s board is investigating whether top executives delayed public disclosure of loans that were going bad during the financial crisis.Read full story
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Topix SEC NewsThe Securities and Exchange Commission is moving to suspend private trading in two Chinese companies.Read full story
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In a surprise move, builder Beazer Homes USA Inc. said Chief Executive Ian McCarthy stepped down over the weekend, three months after he agreed to repay millions of dollars as part of a settlement with the Securities and Exchange Commission.Read full story
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Nearly a dozen years after becoming an option for individuals, after-hours stock trading is risky for retail investors, as volume remains a sliver of overall trade and in fact has declined over time.Read full story
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The conflict surrounding the shipping company Thoresen Thai Agencies shows little sign of abating, with one disgruntled shareholder calling for a regulatory investigation into the company’s past investment strategy.Read full story
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Topix SEC NewsJune 09, 2011, 6:50 PM - Avaya is going public again, filing today with the Securities and Exchange Commission for an initial public offering worth $1 billion.Read full story
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Diageo, the world’s largest spirits group, is close to a settlement with the U.S. Securities and Exchange Commission to end a long-running bribery investigation, the Financial Times reported.Read full story
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It’s like taking candy from a baby, with sweet words like “guaranteed,” “protected” and “secure.” Starved for interest income, individuals are ready to devour just about anything their broker or financial adviser tells them is “guaranteed” or “protected” and will pay better interest than a CD or bond.Read full story
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SEC News DigestRead full story
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This podcast, the second in a two-part series on the Foreign Corrupt Practices Act, focuses on the three types of firm categories and the Act’s accounting provisions.Read full story
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The Carmel office of online mortgage broker LendingTree.com will close by August, a casualty of the national recession in the housing industry.Read full story
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Groupon took the first step toward selling its stock on Wall Street by filing its IPO papers with the SEC.Read full story
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Remember Lehman Brothers? Bank that went under in 2008? Had some maybe questionable business going on with its balance sheet? The SEC has been trying its darndest for a while now to prove the company and its senior staff, led by a guy named Dick, violated securities laws but in over two years have come […]
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Topix SEC NewsThe Stock Exchange of Thailand main index went down 11.41 points or 1.09 to close at 1,034.75 points at the end of trading session on Tuesday Afternoon.Read full story
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Former SEC chairman Vijit Supinit insists that his involvement in a shareholder dispute at the listed shipping company Thoresen Thai Agencies was well-intentioned to protect the interests of small shareholders.Read full story
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RAISING FUNDS: The Groupon logo is displayed on the company’s website in Chicago.Read full story
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Topix SEC NewsFrom Chickamauga to St. Marys, many Georgians are still trying to shake the malaise stemming from the Great Recession, but 2010 was a great year for some of the state’s corporate captains.Read full story
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Topix SEC NewsClose By Jun 4 2011, 10:00 AM ET The bank’s recent settlement with the SEC could come into play in more ways than one On Thursday, we learned that the Manhattan district attorney and New York state had subpoenaed Goldman Sachs.Read full story
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Topix SEC NewsBillionaire hedge fund manager Raj Rajaratnam is found guilty of 14 federal charges stemming from a massive insider-trading scheme that prosecutors said netted $63 million.Read full story
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Alternate Energy Holdings, the controversial Eagle-based company with grand plans to build a $10 billion nuclear reactor in Payette County, makes its way back into the headlines tomorrow.Read full story
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Topix SEC NewsGoldman Sachs Group Inc. will tie the bonuses of top executives more closely to the company’s financial performance.Read full story
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A Dunwoody attorney whose investment firm offered risk-free returns of 300 percent every 14 days misused at least $800,000 of investor money, according to a securities fraud lawsuit filed Thursday by federal regulators.Read full story
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A federal enforcement case stemming from a long-ago accounting scandal has ended in a fizzle.Read full story
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Topix SEC NewsOutcry over appropriateness of top securities regulator taking personal role in stakeholder dispute within listed company.Read full story
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The chairman of a House capital markets subcommittee called for a comprehensive probe into whether the liquidation of Bernard Madoff’s investment firm treats Ponzi scheme victims fairly and costs too much.Read full story
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Revisit the latest FINRA Notices, compliance resources and news from May 2011.Read full story
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Published: Wednesday, June 1, 2011 at 6:01 a.m. Last Modified: Wednesday, June 1, 2011 at 5:16 a.m. At the height of the housing boom, the 26th floor of Goldman Sachs’s former headquarters on Broad Street in Lower Manhattan was the nerve center of Goldman’s fast-growing mortgage trading business.Read full story
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Credit rating agency Standard & Poor upgraded its outlook on Freescale Semiconductor, a Texas-based firm with Ottawa operations, following the company’s initial public offering last week.Read full story
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Topix SEC NewsAt the behest of Finance Minister Korn Chatikavanij, the Stock Exchange of Thailand has started an investigation into the alleged hostile takeover of Thoresen Thai Agencies, one of the country’s leading bulk shippers, by a group of minor investors called Atlas Holding.Read full story
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Topix SEC NewsThe U.S. Securities and Exchange Commission still has a porn problem. A new report from the SEC’s inspector general David Kotz details how three employees and a contractor were caught checking out porn at work, the latest string of incidents uncovered by the agency’s watchdog.Read full story
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Federal regulators have ordered cease-and-desist proceedings against a Utah investment advisory company and two residents for various alleged violations of securities laws, including recommending clients buy shares in a company without disclosing the two men controlled a majority of its shares.Read full story
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