Groupon Having an IPO Meltdown
Posted on September 29th, 2011 by
Even when the equities markets are in the bull mode, it’s not easy to pull off an IPO.Read full story
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Cracker Barrel Employs Soft Touch to Keep Pursuer at Bay
Posted on September 29th, 2011 by
Cracker Barrel Old Country Store is the latest public company to come under siege by a one-man activist force.Read full story
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Cosi Issue
Posted on September 29th, 2011 by
Topix SEC NewsBLUM Growth Fund, LLC announced it is leading an effort to SIGNIFICANTLY improve company performance and GREATLY increase shareholder value at Cosi .Read full story
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Motorola Solutions responds to bribery reports
Posted on September 29th, 2011 by
Business Ledger Wire Services SCHAUMBURG — Motorola Solutions Inc. said Tuesday it is enforcing a “strong code of conduct” and has ethics and compliance programs already in place after stories surfaced in The Wall Street Journal and Austrian news magazine Profil this week involving an ongoing investigation into possible bribes to overseas … (more)Read full […]
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Belvedere investment adviser faces criminal charges in fraud case
Posted on September 29th, 2011 by
Topix SEC NewsA Belvedere investment adviser has been sued by the Securities and Exchange Commission and faces criminal charges in connection with allegations that he defrauded clients and submitted phony documents to the SEC to cover up his crime.Read full story
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September 27, 2011, issue
Posted on September 29th, 2011 by
SEC News DigestRead full story
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September 28, 2011, issue
Posted on September 29th, 2011 by
SEC News DigestRead full story
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Social Media and Personal Electronic Devices – Part 3
Posted on September 27th, 2011 by
The last podcast in a three-part series on social media and electronic devices covers answers to some questions firms frequently ask about third-party posts, links and websites.Read full story
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Kaiser Group Holdings Announces Second Quarter 2011 Results
Posted on September 27th, 2011 by
Topix SEC NewsKaiser Group Holdings, Inc. today announced availability of its second quarter 2011 financial statements on the Company website http://www.kaisergroup.com . , the Company filed a Form 15 with the Securities and Exchange Commission to voluntarily terminate the registration of its common stock and suspend its reporting obligations under the … (more)Read full story
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Documents shed light on pitfalls of China audits
Posted on September 27th, 2011 by
Topix SEC NewsWhen Michael Marks and John Wang stepped off the board of directors of Jiangbo Pharmaceuticals JGBO.O in June, they said goodbye to the Chinese company with a 23-page resignation letter complaining of months of unanswered questions, unpaid bills and management deception.Read full story
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SEC may recommend legal action against S&P
Posted on September 27th, 2011 by
The staff of the Securities and Exchange Commission is considering recommending civil legal action against the Standard & Poor’s debt ratings agency over its rating of a 2007 collateralized debt offering.Read full story
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SEC Weighs Punishing McGraw-Hill Over 2007 CDO
Posted on September 27th, 2011 by
McGraw-Hill warned shareholders on Monday that the Securities and Exchange Commission is considering punishing the company’s Standard & Poor’s unit due to its handling of a 2007 security that imploded.Read full story
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Groupon says sales half earlier figure, loses COO
Posted on September 27th, 2011 by
Topix SEC NewsSan Francisco - Groupon Inc. chopped its stated revenue by more than half in an updated SEC filing Friday as it corrected the way it accounts for money it receives selling coupons.Read full story
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September 26, 2011, issue
Posted on September 27th, 2011 by
SEC News DigestRead full story
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Groupon revises SEC filing, chopping revenue in half, says it’s losing COO to Google
Posted on September 25th, 2011 by
Topix SEC NewsGroupon Inc. chopped its stated revenue by more than half in an updated SEC filing Friday as it corrected the way it accounts for money it receives selling coupons.Read full story
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Pay for ADM chief falls slightly
Posted on September 25th, 2011 by
Archer Daniels Midland Co. said Friday that it paid its CEO $10.9 million for its most recent fiscal year, a 1 percent cut, even though she met or exceeded most of her targets.Read full story
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Clorox, Eastman Kodak: After-Hours Trading
Posted on September 25th, 2011 by
Topix SEC NewsIn a Form 13D filing with the Securities and Exchange Commission , Icahn said the decision was made “after concluding that a considerable base of shareholders would not support their stated campaign at this time.” Icahn, who owns a 9.5% stake in Clorox, expressed a belief that a sale to a strategic buyer […]
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PPD sets salary for new CEO
Posted on September 25th, 2011 by
Topix SEC NewsWilmington-based PPD announced Raymond H. Hill as the new chief executive Monday, but did not release compensation figures at the time.Read full story
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World Business Quick Take
Posted on September 25th, 2011 by
Topix SEC NewsGroupon Inc chopped its stated revenue by more than half in an updated Securities and Exchange Commission filing on Friday as it corrected the way it accounts for money it receives selling coupons.Read full story
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September 23, 2011, issue
Posted on September 25th, 2011 by
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BAPLC to end margin loan crisis
Posted on September 23rd, 2011 by
Topix SEC NewsBangladesh Association of Publicly Listed Companies has taken an initiative to resolve the margin loan crisis in the capital market.Read full story
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Femasys seeks $10M
Posted on September 23rd, 2011 by
A Suwanee-based company that develops medical devices for women seeks to raise $10 million, according to an Securities & Exchange Commission filing.Read full story
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Florida pizza franchiser acquired, 21 Ohio shops in the works
Posted on September 23rd, 2011 by
A Tampa company has agreed to acquire a neighboring Florida franchising business with plans to open 21 restaurants in Ohio over the next two years.Read full story
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AXA Rosenberg co-founder settles SE charges
Posted on September 23rd, 2011 by
Topix SEC NewsThe co-founder of institutional money manager AXA Rosenberg has agreed to a settlement with the Securities and Exchange Commission over charges he hid a coding error from clients that caused hundreds of millions in losses.Read full story
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SEC head under fire as ex-official says he got OK
Posted on September 23rd, 2011 by
Topix SEC NewsThe head of the Securities and Exchange Commission is facing increased scrutiny from lawmakers as a former top SEC official says he was cleared to work on how victims of Bernard Madoff’s scheme should be compensated, even though he benefited financially from Madoff’s scheme.Read full story
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September 21, 2011, issue
Posted on September 23rd, 2011 by
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September 22, 2011, issue
Posted on September 23rd, 2011 by
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Social Media and Personal Electronic Devices – Part 2
Posted on September 21st, 2011 by
The second podcast in a three-part series on social media and electronic devices covers questions firms frequently ask about supervision and recordkeeping.Read full story
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Billerica woman charged with scamming millions
Posted on September 21st, 2011 by
The federal Securities and Exchange Commission has filed civil charges alleging a Massachusetts woman played a central role in at least two investment scams that bilked investors of millions of dollars, the Boston Business Journal reports.Read full story
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SEC Subpoenas Firms on Possible Insider Trading before US Downgrade
Posted on September 21st, 2011 by
Federal financial regulators have reportedly stepped up their investigation into cases of possible insider trading before the U.S. government’s credit rating was downgraded last month.Read full story
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Watchdog asks Justice to probe ex-SEC official
Posted on September 21st, 2011 by
The inspector general of the Securities and Exchange Commission has asked the Justice Department to investigate whether a former top SEC official who benefited financially from Bernard Madoff’s Ponzi scheme violated conflict-of-interest laws in helping establish SEC policy.Read full story
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Watchdog: Ex-SEC’s Becker should face criminal probe
Posted on September 21st, 2011 by
The former top lawyer at the Securities and Exchange Commission had a conflict of interest when he handled Bernard Madoff legal matters for the SEC and should be criminally investigated, the agency’s watchdog said on Tuesday.Read full story
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Caterpillar global sales rise 34 percent in August
Posted on September 21st, 2011 by
Topix SEC NewsCaterpillar’s global heavy equipment sales rose 34 percent in August, with strong growth continuing despite the economic slowdown in the U.S. and Europe.Read full story
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September 19, 2011, issue
Posted on September 21st, 2011 by
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September 20, 2011, issue
Posted on September 21st, 2011 by
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Netflix tells SEC ‘churn rate’ doesn’t matter
Posted on September 17th, 2011 by
Topix SEC NewsNetflix CEO Reed Hastings and other company executives have changed their thoughts on churn rate.Read full story
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U.S.: Changing Key Law Could Mean ‘License to Bribe’
Posted on September 17th, 2011 by
Topix SEC NewsWASHINGTON, Sep 17, 2011 - Changes to a key anti-bribery law that applies to international commerce, proposed by the U.S. Chamber of Commerce, could have disastrous consequences, hurting multinational firms, human rights, and the U.S.’s place of respect as an early adopter of the legislation, opponents to the changes argued here Friday.Read full […]
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Life Insurance Agents Balk at SEC Proposal
Posted on September 17th, 2011 by
Topix SEC NewsLife insurance agents are expressing concern about a proposed change emanating from the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.Read full story
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Cuban misses SEC shot
Posted on September 17th, 2011 by
The 53-year-old Dallas Mavericks owner and billionaire entrepreneur has been awaiting the results of an investigation into allegations that the Securities and Exchange Commission behaved badly when probing him for insider trading.Read full story
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Alumni Loyalty to the SEC
Posted on September 17th, 2011 by
Topix SEC NewsInteresting turn of events with Harvey Pitt, the chairman of the Securities and Exchange Commission under the George W. Bush administration who resigned under fire.Read full story
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September 15, 2011, issue
Posted on September 17th, 2011 by
SEC News DigestRead full story
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September 16, 2011, issue
Posted on September 17th, 2011 by
SEC News DigestRead full story
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SEC determines future for profitable mortgage REITs
Posted on September 15th, 2011 by
Topix SEC NewsNine real estate investment trusts have filed to sell approximately $2.5 billion in shares since the beginning of the year, the most significant volume of deals since 2009, the Wall Street Journal reported, and the sales aren’t over yet.Read full story
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Groupon Back on Track for Its I.P.O.
Posted on September 15th, 2011 by
A memo from Andrew Mason, Groupon’s chief executive, contributed to a delay in the company’s initial public offering.Read full story
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SEC says no probes hurt by destroyed records
Posted on September 15th, 2011 by
Topix SEC NewsA past practice of destroying certain pre-investigative materials has not harmed any current or future investigations by the Securities and Exchange Commission, the U.S. agency’s enforcement chief said on Wednesday.Read full story
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Tackling Reams of Bank Data Can Take Diligence, and Trust
Posted on September 15th, 2011 by
Some people stay sharp in their old age by doing crossword puzzles. Some play memory games or Scrabble or cut back on the heavy drinking.Read full story
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Goldman team forms San Francisco wealth boutique
Posted on September 15th, 2011 by
Topix SEC NewsThree senior Goldman Sachs Private Wealth Management advisers left the bank earlier this month to form an independent San Francisco boutique, Seven Post Investment Office LP.Read full story
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September 9, 2011, issue
Posted on September 15th, 2011 by
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September 12, 2011, issue
Posted on September 15th, 2011 by
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September 13, 2011, issue
Posted on September 15th, 2011 by
SEC News DigestRead full story
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September 14, 2011, issue
Posted on September 15th, 2011 by
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Social Media and Personal Electronic Devices – Part 1
Posted on September 13th, 2011 by
The first podcast in a three-part series on social media and electronic devices recaps requirements of FINRA’s rules related to social media.Read full story
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Tefron Ltd. Announces Intention to Voluntarily Terminate Registration Under U.S. Securities Laws
Posted on September 12th, 2011 by
Tefron Ltd. , a leading producer of seamless intimate apparel and engineered-for-performance active wear, today announced that it intends to voluntarily terminate the registration of its ordinary shares under the Securities and Exchange Act of 1934 by filing a Form 15F with the Securities and Exchange Commission .Read full story
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Minister, take a lesson from SEC’s Thirachai
Posted on September 12th, 2011 by
When it comes to a sovereign wealth fund , Finance Minister Thirachai Phuvanatnaranubala may have to listen to the advice that he himself gave in his previous capacity as chief of the Securities and Exchange Commission.Read full story
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The Fed and the SEC Disappoint Yet Again
Posted on September 12th, 2011 by
Topix SEC NewsThis week we got two more examples of a government that can’t remember how to function.Read full story
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SMC power unit targets mid-November IPO
Posted on September 12th, 2011 by
SMC Global Power Holdings Corp., the power unit of conglomerate San Miguel Corp., is targeting to complete by the middle of November what could be the Philippines’ biggest IPO valued as much as P35.5 billion, individuals privy to the company’s plans said.Read full story
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What was Showtime smoking?
Posted on September 12th, 2011 by
A recent episode of “Weeds,” a Showtime television series that features a marijuana-selling single mom, raises the question of what would happen if a crooked financial professional managed a federal investigator’s retirement money.Read full story
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September 7, 2011, issue
Posted on September 12th, 2011 by
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September 8, 2011, issue
Posted on September 12th, 2011 by
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SEC goes after Mutual Benefits’ Steven Steiner - ” again
Posted on September 9th, 2011 by
Topix SEC NewsFallout from the Mutual Benefits Corp. case continued Wednesday as the Securities and Exchange Commission announced an indictment charging Steven Steiner with obstructing justice by lying to the agency.Read full story
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HCR ManorCare owner Carlyle mulls $100M offering
Posted on September 9th, 2011 by
Carlyle Group wants to sell $100 million of shares in HCR ManorCare, which the private equity firm acquired in 2007.Read full story
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SEC suspends destruction of enforcement records
Posted on September 9th, 2011 by
The top lawyer at the Securities and Exchange Commission this week ordered the enforcement division to cease destroying all investigative records after an internal whistleblower complained the agency was wrongfully discarding important records.Read full story
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Kirkland broker faces SEC fraud charges
Posted on September 9th, 2011 by
A Seattle-area securities broker allegedly lied to his customers about how he was investing their $5 million in order to “fund his lavish lifestyle,” according to a complaint filed today in U.S. District Court for the Western District of Washington by the Securities and Exchange Commission.Read full story
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House draft would establish adviser SRO
Posted on September 9th, 2011 by
Topix SEC NewsA draft of a bill that would establish a self-regulatory organization for investment advisers was released today by House Financial Services Committee Chairman Spencer Bachus, R-Ala. The draft was released in advance of Tuesday’s hearing by the House Capital Markets Subcommittee on two key adviser issues - fiduciary duty for investment advice and […]
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September 6, 2011, issue
Posted on September 8th, 2011 by
SEC News DigestRead full story
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August 2011 Monthly Recap
Posted on September 7th, 2011 by
Revisit the latest FINRA Notices, compliance resources and news from August 2011.Read full story
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How stock trading has changed since 9/11
Posted on September 7th, 2011 by
In the decade since the Sept. 11 attacks, lower Manhattan has been transformed. Once the physical financial center of the country, the area has become largely an upscale residential neighborhood.Read full story
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BNY Mellon taking 3Q charge of $22M
Posted on September 7th, 2011 by
2, filing with the Securities and Exchange Commission. BNY Mellon , New York City, announced last Wednesday that Kelly resigned “due to differences in approach to managing the company.” He had been at the helm of Mellon Financial Corp., Pittsburgh, for less than a year before striking a merger deal with the Bank of New […]
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Carlyle Group Plans Public Offering
Posted on September 7th, 2011 by
The Carlyle Group, the Washington, D.C.-based private equity firm, filed paperwork with federal regulators on Tuesday indicating the company’s plans to make an initial public stock offering.Read full story
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Carlyle Group plans $100m float
Posted on September 7th, 2011 by
Carlyle Group, a target for Michael Moore in the documentary Fahrenheit 9/11, is preparing for a $100m initial public offering.Read full story
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SEC is accused of still destroying records
Posted on September 7th, 2011 by
Topix SEC NewsA year after an internal whistleblower accused the Securities and Exchange Commission of improperly destroying records of dropped enforcement inquiries, the agency is still destroying records illegally, a lawyer for the whistleblower said in a letter Tuesday.Read full story
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FINRA Books and Records Rules – Part 1
Posted on September 5th, 2011 by
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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FINRA Books and Records Rules – Part 2
Posted on September 5th, 2011 by
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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SEC case dismissed against ex-San Diego official caught in pension scandal
Posted on September 5th, 2011 by
The Security and Exchange Commission’s case against former assistant city auditor Terri Webster for her role in San Diego’s pension troubles was quietly dismissed in August.Read full story
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Rick Perry used Waco businessman Pardo’s jet in campaign
Posted on September 5th, 2011 by
Gov. Rick Perry and his family have made presidential campaign trips on a jet belonging to Waco businessman Brian Pardo, chief executive of Life Partners Holdings Inc., the Wall Street Journal reported Saturday.Read full story
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Regulation D Exemptions Ease Hurdles to Raising Capital
Posted on September 5th, 2011 by
September 04, 2011 /24-7PressRelease/ — Regulation D Exemptions Ease Hurdles to Raising Capital Qualifying Businesses Under Rules 504, 505 and 506 Need Not File With the SEC All businesses wishing to sell securities to raise capital must register those securities with the Securities and Exchange Commission , or qualify for an exemption.Read full story
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Ranks of advisers thin out for first time in a decade
Posted on September 5th, 2011 by
Topix SEC NewsThe number of investment advisers registered with the Securities and Exchange Commission has fallen for the first time in 10 years, while the assets that they manage have increased sharply, according to a report released last week.Read full story
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SEC asked to require firms to list political donations
Posted on September 5th, 2011 by
Topix SEC NewsA proposal before the Securities and Exchange Commission that would require public companies to disclose political contributions has drawn some favorable comments from investors, but it won’t go a long way in meeting the demands of those advocating for more transparency in political fundraising.Read full story
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August 30, 2011, issue
Posted on September 5th, 2011 by
SEC News DigestRead full story
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August 31, 2011, issue
Posted on September 5th, 2011 by
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September 1, 2011, issue
Posted on September 5th, 2011 by
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September 2, 2011, issue
Posted on September 5th, 2011 by
SEC News DigestRead full story
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