The second of two podcasts on consolidated FINRA rules for books and records highlights four additional rules that go into effect in Dec. 2011.Read full story
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William D. Cohan is the author of the recently released “Money and Power: How Goldman Sachs Came to Rule the World” and the New York Times bestsellers “House of Cards” and “The Last Tycoons.” Thanks to Darcy Flynn, a longtime attorney at the Securities and Exchange Commission, we now have all the ammunition we need […]
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Based on the government’s account, James Davis Risher seems to have been eminently qualified to run an investment fund sometimes known as the Preservation of Principal Fund.Read full story
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27. The Nasdaq Hearings Panel notified Waccamaw last week that its securities could be delisted if certain financial documents were not filed by the new deadline.Read full story
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BJ’s Wholesale Club CEO Laura Sen met with a rival business that made an unsolicited bid for the discount retail company - before two private equity firms closed a deal to buy BJ’s. in April considered a takeover from a rival, but antitrust concerns undermined the deal and set the stage for the discount chain […]
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ACI Worldwide, Inc. , a leading international provider of payment systems, today announced that it is commencing an exchange offer to acquire all of the outstanding shares of S1 Corporation common stock.Read full story
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Territorial Bancorp Inc., , headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors has adopted a second stock repurchase program.Read full story
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NYSE Euronext and Nasdaq OMX Group Inc., the two biggest operators of U.S. stock exchanges, said they are prepared to open on Aug.Read full story
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HSBC Holdings PLS has indefinitely frozen its foreclosures, saying in its annual Securities and Exchange Commission filing that document problems as well as lax oversight of law firms handling proceedings forced the shut down.Read full story
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Topix SEC NewsSome of the country’s best-known multinational corporations closely guard a number they don’t want anyone to know: the difference between the number of their employees here and abroad.Read full story
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Bill Gates’ Cascade Investments focuses on Deere. Other filings cover Big 5 Sporting Goods, MIPS Technologies, Global Traffic Network and MF Global.Read full story
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The Morrisville-based medical and cosmetic products developer made the announcement in a Securities and Exchange Commission filing saying the termination was in connection with “an Audit Committee investigation concerning conduct by Mr.Read full story
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Topix SEC NewsFreddie Mac announced today that it will not issue a Reference NotesA security in August.Read full story
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Topix SEC NewsA documentary about Harry Markopolos and his struggle to expose Bernie Madoff. Directed by Jeff Prosserman.Read full story
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Topix SEC NewsAmerican Tower Corporation today announced that it has entered into an Agreement and Plan of Merger with American Tower REIT, Inc., which provides for, among other things, the merger of American Tower Corporation with and into American Tower REIT, Inc.Read full story
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Topix SEC NewsThe SEC’s longtime policy of purging certain case files could make it harder for anyone to second-guess regulators’ decisions to drop inquiries without taking enforcement action.Read full story
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This podcast focuses on a fee change related to qualification exams and Regulatory Element continuing education.Read full story
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S1 Corp.’s board urged shareholders Monday to vote in favor of the company’s pending merger with Fundtech Ltd.Read full story
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Management fees at Ken Heebner ’s $2.6 billion CGM Focus Fund, known for its big, concentrated bets on stocks, fell 13 percent during the first half of the year as the fund continues to struggle to find a big winner.Read full story
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Topix SEC NewsBank of America Corp., the U.S. lender that lost half its market value this year, has sufficient capital to weather mounting costs tied to souring loans, said Richard Bove, an analyst at Rochdale Securities.Read full story
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Topix SEC NewsHarry Markopolos provides testimony during a Senate Banking Committee hearing regarding the Bernard Madoff scandal on Sept.Read full story
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Topix SEC NewsInmobiliaria Carso SA, which is controlled by the Slim family, bought 553,000 shares of New York Times class A common shares on August 18, according to a filing with the Securities and Exchange Commission on Monday.Read full story
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Imagine a world in which a man who is repeatedly investigated for a string of serious crimes, but never prosecuted, has his slate wiped clean every time the cops fail to make a case.Read full story
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Topix SEC NewsHas Rep. Darrell Issa turned the House Oversight Committee into a bank lobbying firm with the power to subpoena and pressure government regulators? ThinkProgress has found that a Goldman Sachs vice president changed his name, then later went to work for Issa to coordinate his effort to thwart regulations that affect Goldman Sachs’ […]
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Topix SEC NewsFloyd Norris has a column in today’s New York Times showing how North County’s Rep.Read full story
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The company is stuck in a sort of Catch-22: Groupon must spend to grow, but must continue growing to cover its operational expenditures As of June 30, Groupon had $225 million in cash on hand, according to an amended S-1 the daily-deals website filed with the Securities and Exchange Commission.Read full story
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Investors are highly interested in information regarding corporate political spending, says Hillary Sale, JD, securities and corporate governance expert and the Walter D. Coles Professor of Law at Washington University in St.Read full story
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An attorney at the Securities and Exchange Commission is alleging that the agency destroyed documents related to thousands of preliminary investigations, including on Bernard Madoff and major financial firms.Read full story
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An enforcement lawyer at the Securities and Exchange Commission says that the agency illegally destroyed files and documents related to thousands of early-stage investigations over the last 20 years, according to information released Wednesday by Congressional investigators.Read full story
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A California man accused last week of insider trading on Disney’s $4 billion purchase of Marvel is hitting back at the Securities and Exchange Commission.Read full story
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AvalonBay Communities, Inc. today announced the pricing of a public offering of 5,100,000 shares of common stock at $128.25. The Company has also granted the underwriters a 30-day option to purchase up to an additional 765,000 shares to cover overallotments, if any.Read full story
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Topix SEC NewsPeter Haller, also known as Peter Simonyi, a former Goldman Sachs VP now working for Chairman Issa to block regulations on Goldman Sachs Has Rep.Read full story
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The first podcast in a two-part series on consolidated FINRA rules for books and records introduces four of eight new rules that go into effect in Dec. 2011.Read full story
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Topix SEC NewsThe U.S. Securities and Exchange Commission doesn’t plan to take action to stem short sales after four European countries banned the practice, a spokesman said.Read full story
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The Philippine Stock Exchange’s net income for the first six months reached P174.80 million, up 18% from P148.30 million in the same period last year.Read full story
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The Securities and Exchange Commission’s failure to consider the economic effects of its rules is now undermining its ability to reform the regulatory landscape under the Dodd-Frank Wall Street Reform and Consumer Protection Act.Read full story
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Topix SEC NewsSri Lanka’s bourse ended flat on Monday in thin trade as investors a ruling from the Securities and Exchange Commission on margin trading amid continued foreign outflows.Read full story
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An Ivy League-trained doctor turned health care hedge fund manager pleaded guilty Monday to a conspiracy charge for illegally evading $30 million in losses by obtaining inside information from a fellow doctor.Joseph “Chip” Skowron III, 42, of Greenwich, Conn., entered the plea to conspiring to commit securities fraud and obstructing justice, … (more)Read full story
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Topix SEC NewsWater treatment company, MyCelx Technologies Corp. has raised $1.5 million, according to a Securities and Exchange Commission filing.Read full story
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It took just $5,465 and a few weeks for 24-year-old Toby Scammell to earn a whopping 3,000 percent profit trading in Marvel Entertainment, the comic book creator of Spiderman and Captain America.Read full story
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Topix SEC NewsMad rantings about politics, evolution, and microbiology. Comment policy: say what you want, but back it up with an email address.Read full story
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A rate increase for Tennessee Valley Authority customers may be in the works when the utility’s board meets Thursday in Knoxville.Read full story
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A planned surgery center and medical office building in Washington County may reflect an emerging model of cooperation between hospitals and doctors in the age of health care reform.Read full story
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Topix SEC NewsStandard & Poor’s, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S. government proposal that would require credit raters to disclose “significant errors” in how they calculate their ratings.Read full story
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Topix SEC NewsWith a central banking background and astrology as a hobby, Thirachai Phuvanatnaranubala could come in handy as finance minister for a new Thai government trying to satisfy demands at home while steering through more upheaval in the global economy.Read full story
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Topix SEC NewsLast Modified: Wednesday, August 10, 2011 at 9:10 a.m. Groupon has dropped a much-criticized accounting metric after pushback from the Securities and Exchange Commission, according to an amended prospectus filed on Wednesday.Read full story
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Justice Department , Securities and Exchange Commission , Janssen Pharmaceuticals , U.S. , WASHINGTON , Philadelphia WASHINGTON - Johnson & Johnson has tentatively agreed to settle a single misdemeanour criminal charge related to a multi-year government investigation into the marketing of its psychiatric drug Risperdal.Read full story
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A St. Louis brokerage firm is in hot water with the federal Securities and Exchange Commission after allegedly defrauding five Wisconsin school districts.Read full story
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FINRA staff discusses consolidated Rule 5320 (Prohibition Against Trading Ahead of Customer Orders), effective September 12, 2011.Read full story
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Topix SEC NewsOn May 19, 2011, the Securities and Exchange Commission voted unanimously to propose tougher regulations for credit rating agencies.Read full story
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In a two-page agreement filed last week in Manhattan federal court, the Securities and Exchange Commission pledged to permanently withdraw administrative and cease-and-desist proceedings against Rajat Gupta for allegedly passing inside information to then-Galleon Group chief Raj Rajaratnam.Read full story
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Topix SEC NewsThe Anti-Corruption Commission is preparing to sue Securities and Exchange Commission executive director Anwarul Kabir Bhuiyan, his wife Rukhsana Akhter and three others for their involvement in recent sharemarket scam.Read full story
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The Securities and Exchange Commission on Monday asked a federal judge to rule in its favor in its lawsuit against former Jefferson County Commissioner Larry LangA ford now that he has lost his appeal in his criminal conviction.Read full story
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Cincinnati-based Fifth Third received a “Wells notice,” which is a notification that means the SEC has come to a preliminary conclusion to recommend an enforcement action.Read full story
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Revisit the latest FINRA Notices, compliance resources and news from July 2011.Read full story
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Topix SEC NewsScore one for Westport resident Rajat K. Gupta, the former Goldman Sachs and Procter & Gamble director accused by the Securities and Exchange Commission of leaking confidential information about those companies.Read full story
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Topix SEC NewsWells Fargo on Friday said that it has agreed to pay $590 million to settle a class-action lawsuit filed by investors in Wachovia securities.Read full story
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Topix SEC NewsThe prosecution of the Petersons was brought by Preet S. Bharara, the United States attorney in Manhattan, as part of the government’s crackdown on insider trading.Read full story
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Topix SEC NewsIn March 2004, the Detroit City Council was in a lather about the proliferation of adult entertainment and passed a law requiring that dancers be registered voters, or have a green card, and it prohibits them from mingling with patrons - no more lap dances, guys, no chats when a dancer is not […]
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Topix SEC NewsA total of 296 Pheu Thai members of parliament plus those of five other parties yesterday voted in Yingluck Shinawatra as the country’s 28th prime minister.Read full story
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