Amid continuous fall in share prices, finance minister AMA Muhith on Sunday said he would not make any comment on the present state of the capital market as it is now the affairs of the Securities and Exchange Commission.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsCitigroup is lucky that Moammar Gadhafi was killed when he was. The Libyan leader’s death diverted attention from a lethal article involving Citigroup that deserved more attention because it helps to explain why many average Americans have expressed support for the Occupy Wall Street movement.Read full story
Filed under: SEC News | No Comments »
“Occupy Wall Street” protestors aren’t livid with just the financial industry. They’re also mad at the people who were supposed to be policing that sector.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsThe investigation increases scrutiny of the world’s largest door-to-door cosmetics company, which has trailed Wall Street’s forecasts and earlier this year fired four executives amid a probe involving possible bribes to Chinese officials.Read full story
Filed under: SEC News | No Comments »
In 2009, the Securities and Exchange Commission cited Tamman for his part in the alleged investment scam involving former client Beverly Hills-based NewPoint Securities.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsA federal judge cast doubt Thursday on the fairness of a $285 million settlement that Citigroup reached with the Securities and Exchange Commission, saying lawyers need to explain how the deal is sufficient to make such serious securities fraud allegations go away.Read full story
Filed under: SEC News | No Comments »
Arnold and Cheryl Levy were a year away from retiring in the summer of 2009 when their investment adviser bought into a fund betting on a drop in emerging markets with almost $200,000 of Arnold’s retirement money.Read full story
Filed under: SEC News | No Comments »
Don’t be fooled by the drum circles. Today’s protests have more in common with the anti-Hoover 1930s than the antiwar ’60s and ’70s From left: The 1970 Hard Hat Riot saw construction workers disrupting protesters with a pro-war rally of their own; a protester in Rome cheers a police van going up in flames on […]
Filed under: SEC News | No Comments »
Topix SEC NewsIn its push to get electric vehicles on the road, the Obama administration has partnered with a company in dire financial straits that is also under investigation by the Securities and Exchange Commission for insider trading.Read full story
Filed under: SEC News | No Comments »
Sucampo Pharmaceuticals, Inc. today announced the appointment of Cary J. Claiborne as SPI’s Chief Financial Officer , effective immediately, reporting to Ryuji Ueno, M.D., Ph.D., Ph.D., Chairman and Chief Executive Officer , and James J. Egan, Chief Operating Officer, of SPI.Read full story
Filed under: SEC News | No Comments »
Read full story
Filed under: SEC Updates | No Comments »
SEC News DigestRead full story
Filed under: SEC Updates | No Comments »
During our Occupy Santa Fe march last Saturday we chanted “What do we want? JUSTICE! When do we want it? NOW!” As I walked along chanting with the diverse group of participants I was thinking of the viral video of Alan Grayson where he defends Occupy Wall Street, calls out the Republicans as wholly owned […]
Filed under: SEC News | No Comments »
Topix SEC NewsThe largest hedge funds and private equity firms must report financial information to the government under a rule adopted Wednesday.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsAn Orange County man convicted of filing false liens against federal employees, including judges and U.S. Secret Service special agents, was sentenced Wednesday to 41 months in prison, according to a Department of Justice news release.Read full story
Filed under: SEC News | No Comments »
When Gary Aguirre took on insider trading in Heller Financial stock shortly after he joined the Securities and Exchange Commission, his investigation was shut down and he was fired.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsEner1 Inc., the struggling parent of Indianapolis-based advanced-battery maker EnerDel, is being booted from the NASDAQ stock exchange, according to a public filing by the company.Read full story
Filed under: SEC News | No Comments »
SEC News DigestRead full story
Filed under: SEC Updates | No Comments »
SEC News DigestRead full story
Filed under: SEC Updates | No Comments »
The second podcast in the operations professional registration category series focuses on the category’s examination requirement and the Series 99 exam.Read full story
Filed under: FINRA News | No Comments »
Topix SEC NewsA Portuguese bank has agreed to pay $6.9 million to settle U.S. civil charges that it sold thousands of investments that weren’t registered with the Securities and Exchange Commission.Read full story
Filed under: SEC News | No Comments »
The new secretary-general of the Securities and Exchange Commission has set an ambitious goal of turning the Thai exchange into a leading bourse, on par with its regional peers.Read full story
Filed under: SEC News | No Comments »
The idea is to avoid driving up the price of a stock before they can buy a large number of shares and to avoid driving down the price before they can liquidate a major stake.Read full story
Filed under: SEC News | No Comments »
More than 15,000 visitors had flocked to an exhibition and ‘investor day’ held to mark 24 years of Sri Lanka’s securities markets regulator.Read full story
Filed under: SEC News | No Comments »
Williiam G. Gotimer Jr. and Mark Tanner have been named co-CEOs of Trailer Bridge, replacing Ivy Barton Suter, who resigned Friday.Read full story
Filed under: SEC News | No Comments »
SEC News DigestRead full story
Filed under: SEC Updates | No Comments »
Topix SEC NewsThis week, Citigroup announced that it had settled with the Securities and Exchange Commission over charges that the mega-bank misled investors in a derivatives deal and then bet against them .Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsVERMILLION - Christopher Cox, former chairman of the Securities and Exchange Commission, will present the 2011 Arthur A. Volk Accounting Symposium/Ethics Lecture at the University of South Dakota at 7 p.m. Wednesday at the Wayne S. Knutson Theatre.Read full story
Filed under: SEC News | No Comments »
Citigroup to Pay $285 Million to Settle Fraud Charges by Jean Eaglesham and Suzanne Kapner, wsj.com — Oct 20, 2011 […] Wall Street’s total price tag on settlements with U.S. securities regulators for allegedly misleading investors about mortgage bonds churned out ahead of the financial crisis surged past $1 billion with a deal by Citigroup […]
Filed under: SEC News | No Comments »
Topix SEC NewsAnalyze the payouts, production and other key metrics of the largest independent B-Ds in the Broker-Dealer Data Center.Read full story
Filed under: SEC News | No Comments »
VICTORIAS Milling Corp. is on track with its rehabilitation plan, according to the Securities and Exchange Commission .Read full story
Filed under: SEC News | No Comments »
SEC News DigestRead full story
Filed under: SEC Updates | No Comments »
Read full story
Filed under: SEC Updates | No Comments »
Topix SEC NewsA chemist with the Food and Drug Administration pleaded guilty Tuesday to using a confidential drug database to earn nearly $3.8 million by trading the stock of companies with new drug applications.Cheng Yi Liang, a chemist who has worked for the FDA since 1996, acknowledged using the database to find out when the […]
Filed under: SEC News | No Comments »
Downtown-based staffing firm Staffmark Holdings Inc. has agreed to a sale of the company to Japanese staffing provider Recruit Co.Read full story
Filed under: SEC News | No Comments »
U.S. stocks rose, sending the Standard & Poor’s 500 Index to the highest level since August, as Citigroup Inc.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsCitigroup Inc. on Wednesday agreed to pay a $285 million fine to settle civil charges brought by the Securities and Exchange Commission that it sold securities backed by mortgages that it simultaneously bet against.Read full story
Filed under: SEC News | No Comments »
Citigroup has settled charges by the Securities and Exchange Commission that one of its subsidiaries deceived investors in a mortgage-related product right before the collapse of the housing market.Read full story
Filed under: SEC News | No Comments »
SEC News DigestRead full story
Filed under: SEC Updates | No Comments »
SEC News DigestRead full story
Filed under: SEC Updates | No Comments »
Topix SEC NewsA Dhaka court has bailed five people accused in two fraud cases filed by the Securities and Exchange Commission .Read full story
Filed under: SEC News | No Comments »
The coffee roaster was the best performing stock in 2009 and it gained nearly 20% in 2010.Read full story
Filed under: SEC News | No Comments »
Chief executives and top managers will be seen more on the front lines when Securities and Exchange Commission representatives show up in brokerage offices for exams and tests.Read full story
Filed under: SEC News | No Comments »
PPD Inc. has continued to shop itself in the wake of its merger agreement with two private equity firms, and another suitor has emerged.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsThis summer, Lloyd Blankfein , the chief executive of Goldman Sachs , flew to Chicago to personally pitch his firm to underwrite what was supposed to be the hottest initial public offering of the year: Groupon, the fledgling online coupon company that was being valued at around $30 billion.Read full story
Filed under: SEC News | No Comments »
SEC News DigestRead full story
Filed under: SEC Updates | No Comments »
The first of three podcasts on the new operations professional registration category focuses on what it is and to whom it applies.Read full story
Filed under: FINRA News | No Comments »
Topix SEC NewsCyberspies and criminals steal what is estimated to be tens of billions of dollars worth of data from U.S. companies each year.Read full story
Filed under: SEC News | No Comments »
Following years of sustained pressure from the National Center for Public Policy Research, General Electric CEO Jeffrey Immelt may finally be signaling that GE will stop lobbying for expensive, job-killing “green” anti-energy regulations.Read full story
Filed under: SEC News | No Comments »
Take-Two Interactive Software is the company behind some of the most popular games out on consoles, but behind the scenes, there is an extensive history of financial shenanigans.Read full story
Filed under: SEC News | No Comments »
These execs say the IPO market needs higher profit margins, and they call for a return to wider trading spreads in the aftermarket, not the penny margins imposed by Washington lawmakers.Read full story
Filed under: SEC News | No Comments »
As federal regulators grapple with new rules from last year’s financial overhaul, hedge funds and other investment advisers have been dealing with tightened - yet not closed - loopholes that allow many to avoid oversight.Read full story
Filed under: SEC News | No Comments »
Read full story
Filed under: SEC Updates | No Comments »
Read full story
Filed under: SEC Updates | No Comments »
Topix SEC NewsDillard’s Inc. of Little Rock has fired its auditor, PricewaterhouseCoopers LLP, over a dispute involving the retailer’s plan to move its real estate into a subsidiary.Read full story
Filed under: SEC News | No Comments »
When he starts talking about investment adviser oversight, it doesn’t take long for Brian Hamburger to make clear that he favors Securities and Exchange Commission regulation.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsSo when Donald Rice, president of Money Management Services Inc., a registered investment adviser in Birmingham, Ala., found out that his congressman, Rep.Read full story
Filed under: SEC News | No Comments »
Even potential data security breaches must be disclosed by U.S. companies in some circumstances, the Securities and Exchange Commission said today.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsBillionaire investor Carl Icahn has bought a 9.8 percent stake in military truck and recreational vehicle manufacturer Navistar International Corp.Read full story
Filed under: SEC News | No Comments »
Read full story
Filed under: SEC Updates | No Comments »
In one of the last vestiges of Silicon Valley’s stock option backdating scandal, a former general counsel for two local high tech companies has settled a longstanding civil fraud case with the Securities and Exchange Commission.Read full story
Filed under: SEC News | No Comments »
Lisa Berry, whom you may know as Linden Lab’s present General Counsel , has been battling a four-year civil suit from the Securities and Exchange Commission over alleged fraudulent stock option backdating during her tenure as General Counsel for Juniper Networks and KLA-Tencor Corp.Read full story
Filed under: SEC News | No Comments »
A new legal case raises questions about some of the firm’s ratings. A lawsuit filed in federal court for the Eastern District of Pennsylvania last month alleges that Morningstar was “reckless” in giving a five-star rating the firm’s highest to a hedge fund later labeled a Ponzi scheme by the Securities and Exchange Commission.Read full […]
Filed under: SEC News | No Comments »
The internal whistleblower who reported a questionable policy on document destruction at the Securities and Exchange Commission will be vindicated by the SEC inspector general, according to inside sources quoted by The Wall Street Journal in the paper’s weekend edition.Read full story
Filed under: SEC News | No Comments »
Securities regulators on Tuesday charged three former executives of United Commercial Bank with misleading investors about loan losses before the bank collapsed at the height of the financial crisis.Read full story
Filed under: SEC News | No Comments »
Read full story
Filed under: SEC Updates | No Comments »
FINRA staff discuss examples of registered representatives’ misconduct, as featured in the October issue of FINRA’s Quarterly Disciplinary Review.Read full story
Filed under: FINRA News | No Comments »
Topix SEC NewsSkyworks Solutions Inc., a semiconductor maker, said in May that it would buy Advanced Analogic Technologies Inc., heralding the $260 million deal as a means of expanding into the consumer electronics, communications and computing markets.Read full story
Filed under: SEC News | No Comments »
Elevated audit fees can be a red flag of problems to come for a company, say three recent academic studies that together warn about increased chances of fraud, stock price declines or financial restatements.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsA common corporate structure that has allowed dozens of Chinese companies to get listed on U.S. exchanges is drawing increased scrutiny from American audit regulators.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsNearly five years ago, the Certified Financial Planner Board of Standards Inc. became a pioneer in the financial services industry by doing something so simple and obvious that it is hard to see why other organizations didn’t do it first.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsSOFTWARE COMPANY Synopsis Ireland Ltd paid a [euro]100 million dividend to its US parent in November 2010, according to accounts filed recently.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsRoos, Dave. “5 Ways that Businesses Measure Cash Flow” 12 April 2011. HowStuffWorks.com. 06 October 2011.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsAs a partner in Nutter McClennen & Fish LLP’s government investigations and securities litigation practices, Ian Roffman often represents senior executives from well-recognized companies in cases that are being investigated by the Securities and Exchange Commission .Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsFeeling optimistic: Blue Calypso of Carrollton got a going-concern warning when it did a reverse merger with a public shell, making it a public firm.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsDistrict-based daily deal giant LivingSocial last month sold $143 million in equity to pay for some of its recent acquisition spree, according to a Securities and Exchange Commission filing .Read full story
Filed under: SEC News | No Comments »
Former Montgomery Ward catalog warehouse on the north branch of the Chicago River that’s now home to Groupon and several other Chicago start-ups. Chicago-based Groupon made the disclosure in a Friday filing with the Securities and Exchange Commission in connection with its much-anticipated, but controversial, initial public offering.Read full story
Filed under: SEC News | No Comments »
SEC News DigestRead full story
Filed under: SEC Updates | No Comments »
Read full story
Filed under: SEC Updates | No Comments »
Topix SEC NewsWhen it comes to disclosing the risks that shareholders face, companies seem to believe that vaguer and blander is better.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsFreddie Mac announced recently that it plans to issue a new three-year USD Reference NotesA security, CUSIP number 3137EACY3, due on November 25, 2014.Read full story
Filed under: SEC News | No Comments »
Prosecutors and defense lawyers were miles apart yesterday as they argued how much financial gain should be attributed to Raj Rajaratnam when Southern District Judge Richard Holwell sends him to prison in the Galleon Group hedge fund scandal.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsA U.S. Circuit Court of Appeals today ruled that the Financial Industry Regulatory Authority Inc.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsJust days after WorldCom Inc.’s accountants hid $828 million in costs to improve the company’s reported results, then-chief executive Bernard J. Ebbers told Comptroller David F. Myers, “I’m sorry you were asked to do what you were asked to do,” Myers told the jury at Ebbers’s criminal trial Thursday.Read full story
Filed under: SEC News | No Comments »
Read full story
Filed under: SEC Updates | No Comments »
Read full story
Filed under: SEC Updates | No Comments »
SEC News DigestRead full story
Filed under: SEC Updates | No Comments »
Revisit the latest FINRA Notices, compliance resources and news from September 2011.Read full story
Filed under: FINRA News | No Comments »
Topix SEC NewsA recent disclosure indicates the Securities and Exchange Commission is investigating a so-far unfulfilled project to produce artificial sweetener in central Missouri.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsThe staff of the Securities and Exchange Commission today issued a report summarizing the staff’s observations and concerns arising from the examinations of ten credit rating agencies registered with the SEC as Nationally Recognized Statistical Rating Organizations and subject to Commission oversight.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsSecurities trades recently reported to the Securities and Exchange Commission by officers, directors, and principal shareholders of corporations based or having sizable employment in the Philadelphia area.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsJones, who had a stint as the company’s president about 10 years ago, exercised his right to buy 50,000 shares of Pegasystems at $4.01 each, according to a filing with the Securities and Exchange Commission.Read full story
Filed under: SEC News | No Comments »
Sponsors have consulted the Securities and Exchange Commission over the Market Stabilisation Fund.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsYou might think that an agency that missed the Madoff fraud for years even after being told about it would have some sympathy for people who are, not bad guys necessarily, just a little sloppy on the whole looking-out-for-investors front.Read full story
Filed under: SEC News | No Comments »
Topix SEC NewsU.S. Commodity Funds, the ETF issuer behind the controversial U.S. Oil Fund and the U.S. Natural Gas Fund , has filed plans with the Securities and Exchange Commission to introduce a double-leveraged inverse natural gas ETF and a sugar exchange-traded product.Read full story
Filed under: SEC News | No Comments »
A federal grand jury has indicted six former executives and supervisors of a Northern California aircraft repair company on charges that they cut corners and used unapproved parts.Read full story
Filed under: SEC News | No Comments »
It was a stomach-churning summer that most investors would like to forget. The United States lost its top-of-the-line credit rating for the first time.Read full story
Filed under: SEC News | No Comments »
DMRJ has agreed to extend the maturity of Implant Sciences’ indebtedness from September 30, 2011 to March 31, 2012.Read full story
Filed under: SEC News | No Comments »
Read full story
Filed under: SEC Updates | No Comments »
Read full story
Filed under: SEC Updates | No Comments »