FINRA staff discuss examples of registered representatives’ misconduct, as featured in the October issue of FINRA’s Quarterly Disciplinary Review.
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Diamond Foods Acting CEO Rick Wolford has several large mutual funds and other institutional investors betting that he’ll be able to turn around the troubled San Francisco company or find a buyer to take it over.
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Members of Ford’s board of directors as well as Edsel B. Ford II received bumps in compensation in 2012 according to a filing today with the Securities and Exchange Commission.
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But in order to move forward, the U.S. would still have to “have a strong voice” in the development of international standards, the chief accountant of the Securities and Exchange Commission says.
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Dutchess County residents sound off on Central Hud…: CH Energy Group has agreed to be acquired by Canadian company Fortis Under a glowing overcast sky Tuesday, Central Hudson Gas & Electric Corp.
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Farhan Fardaus bdnews24.com correspondent Dhaka, Feb 20 - Companies will need to have independent directors comprising at least one-third of their governing bodies if a draft of the amendment to the Corporate Governance Guidelines proposed by the Securities and Exchange Commission comes through.
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David Kemper and other named executives at Commerce Bancshares, holding company for Commerce Bank, will get base salary increases of either zero or 2 percent this year.
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Yelp , a site that allows users to rate local businesses, filed paperwork for its initial public offering with the Securities and Exchange Commission on Thursday, according to a BusinessWeek report.
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PNC Financial Services Group Inc. announced a management shuffle Friday, stripping the president title from Joseph Guyaux while making him a senior vice chairman and chief risk officer.
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The Rule adopts the same primary residence exclusion used in the recently amended definition for an “accredited investor” under Regulation D.[6] Although the Dodd-Frank Act did not require the definition of qualified client to exclude investors’ primary residences, as it did for the “accredited investor” definition, the SEC elected to include the … (more)
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It is safe to assume most investors would like to invest along side the smart money.
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A Shaker Heights investment manager has been accused by the Securities and Exchange Commission of using $632,000 in client money to settle a government investigation into claims of defrauding clients.
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Vartu LLC bought the undeveloped land for $500,000, according to a filing by YTB with the Securities and Exchange Commission.
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Skip ahead to page 310 of the Occupy the SEC comment letter on the Volcker Rule, and there you will find Annexure B: a list of suggested changes to one of the most controversial components of the Dodd-Frank financial reform legislation.
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Toll Brothers Finance Corp., a wholly-owned subsidiary of Toll Brothers, Inc. , announced today that it has extended the early participation date relating to its registered offer to exchange new 5.875% Senior Notes due February 15, 2022 for any and all of its currently outstanding 6.875% Senior Notes due 2012 and 5.95% Senior Notes due 2013 to … (more)
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In keeping with how these things sort of progress, here is the fairly dry recitation of what was troubling the Securities and Exchange Commission about James Davis Risher.A Apparently, from approximately January 2007 through July 2010, Risher was the sole trader for a purported private equity fund operating under various names including the Safe … (more)
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SEC News Digest
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SEC News Digest
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Former Bear Stearns Cos. hedge-fund managers Ralph Cioffi and Matthew Tannin, acquitted in 2009 of criminal charges they misled investors, agreed to pay $1.05 million to settle a related civil case brought by the U.S. Securities and Exchange Commission.
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It’s a humbling time for Louis Moore Bacon. The 55-year-old founder of the $15 billion Moore Capital Management — and one of the premier hedge fund investors of the past two decades — just weathered his second down year in the past four after a particularly ragged run in the markets.
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Wynn Resorts Inc said the U.S. securities regulators launched an informal inquiry into the casino company’s $135 million donation to the University of Macau.
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The Empire State Building is seen in this 2010 file photo in New York. Investors will soon be able to own a piece of one of New York’s greatest views, as the owners of the Empire State Building filed Monday to list it on the New York Stock Exchange.
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Nicor Gas has agreed to refund customers $64 million in a decade-old accounting scandal.
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SEC News Digest
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SEC News Digest
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Facebook just amended its S-1 filings with the Securities and Exchange Commission and the documents offer deeper insight into Facebook’s relationship with Zynga .
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House Majority Leader Eric Cantor faced criticism on Wednesday for introducing a version of the STOCK Act which many said had severely weakened the legislation.
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WASHINGTON: Facebook founder and CEO Mark Zuckerberg , along with his three top leutinants, will get about $2 million in just salaries and bonuses, but cannot work on creating a rival to the social networking giant.
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Oracle today announced that it has entered into an agreement to acquire Taleo Corporation , a leading provider of cloud-based talent management for $46.00 per share or approximately $1.9 billion, net of Taleo’s cash and debt.
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After the Securities and Exchange Commission charged a member of the District 225 school board with making $15 million from the illegal short selling of stocks , the Northbrook resident has hired Bernie Madoff’s former lawyer.
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SEC News Digest
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Wall Street’s bleak bonus season just got bleaker at Goldman Sachs Group Inc. and Morgan Stanley , where it is becoming clear that traders aren’t the only ones at risk of having their pay taken back.
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Fidelity Investments sent a letter and report to the Securities and Exchange Commission on Friday, urging regulators not to adopt new rules for money market mutual funds that the Boston company said would drive away customers.
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HAWTHORNE, N.Y. February 8, 2012 — Executive Enterprise Institute , a Division of SmartPros Ltd.
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U.S. Senator Pat Toomey, a Pennsylvania Republican, said he wouldn’t rule out proposing legislation to protect money market mutual funds from new rules being planned at the Securities and Exchange Commission.
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We’ve been demanding for years now answers to a core question coming from the financial collapse of 2008.
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VeriSign dropped a lollapalooza last October in a Security and Exchange Commission filing: the company, which operates the registry for the .com and .net domains, was repeatedly hacked in 2010.A Nothing serious occurred, the company soothed in a press release this week.
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Carlyle Group LP abandoned a plan to ban shareholders from filing class-action lawsuits after regulators threatened to block a stock sale the private-equity firm is seeking to complete as soon as April.
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Dear John: I had placed an order to sell 50 shares of Apple stock on the day the company was recently reporting quarterly earnings.
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The Association of Securities Companies wants the government and relevant agencies to come up with development guidelines for the Thai capital markets and to amend laws to support self-regulatory organisations for higher competitiveness.
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The Commodity Futures Trading Commission and the Securities and Exchange Commission delivered to Congress a report on international swap regulation, as required by Section 719 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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The Tennessee Valley Authority said a mild winter so far has reduced electricity sales by 5% in the first quarter of the fiscal year and will cause the utility to reconsider expenditures for the rest of the year.
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A lawyer for Kareem Serageldin, the ex-global head of Credit Suisse Group AG ’s CDO business charged in a bonus-boosting fraud tied to a $5.35 billion trading book, said his client was surprised by the U.S. indictment since he has been cooperating with investigators for four years.
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Toll Brothers Finance Corp., a wholly-owned subsidiary of Toll Brothers, Inc. , announced today that it has commenced a registered exchange offer to exchange new 5.875% Senior Notes due February 15, 2022 for any and all of its currently outstanding 6.875% Senior Notes due 2012 and 5.95% Senior Notes due 2013 .
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Despite being one of the Silicon Valley tech chief executive officers getting $1 a year in salary, Meg Whitman got stock options when she took over at Hewlett-Packard Co The Palo Alto computer and services giant reported the pay package in a proxy filing with the Securities and Exchange Commission on Friday.
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Behringer Harvard Opportunity REIT I Inc. defaulted on the balance of $44.1 million in loans it took out for its investment in Frisco Square.
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SEC News Digest
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SEC News Digest
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Revisit the latest FINRA Notices, compliance resources and news from January 2012.
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An advisory committee urged U.S. securities regulators on Wednesday to relax outdated rules that trigger public financial reporting for companies, but it stopped short of backing a new capital-raising strategy known as “crowdfunding.” In a public meeting, members of the Advisory Committee on Small and Emerging Companies voted on two proposed … (more)
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Facebook, in one of the world’s most widely anticipated IPOs, or initial public offerings of stock, filed papers Wednesday afternoon to raise at least $5 billion and begin to sell stock this spring.
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It’s official: Facebook , the world’s most famous internet company, is about to go public.
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Two classes of shares are proposed, Class A and Class B, with different voting powers.
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Greenwood, who had been with Geron in various jobs since 1995, left the Menlo Park-based drug development company at the end of last year.
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Consider the curious case of Jay Lapine. Between 2003 and 2009, the onetime general counsel of McKesson HBOC Inc.
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A federal judge in Burlington dismissed a class action lawsuit filed against Green Mountain Coffee Roasters, Inc.
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Wayne -based retailer Toys “R” Us has made a number of management changes following a lackluster holiday season.
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Dale Shafer of Mason, who was later a senior vice president of WesBanco Inc. in Cincinnati, has consented to the entry of a judgment in the case, filed by the Securities and Exchange Commission on Jan.
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Dhaka stocks plunged again on Tuesday hitting fresh 26-month low as a meeting convened by the capital market regulator with the stakeholders failed to bring any remedy to halt the collapse of the market.
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In his final act before departing the Securities and Exchange Commission on Friday, the agency’s inspector general, David Kotz, criticized how the agency analyzes the economic impact of some of its Dodd-Frank rules.
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Securities and Exchange Commission filing late Friday, Blankfein received 45,497 shares and sold 21,248 of them at $107.44 to satisfy tax withholding obligations.
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More than 50 mutual funds say they own shares of the closely held social-media giant Facebook, according to investment-research firm Morningstar.
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Billionaire casino mogul Sheldon Adelson and his wife, Miriam, who have reportedly given a combined $10 million to Winning Our Future, the super PAC that supports and is run by former staffers of Republican presidential candidate Newt Gingrich, were reportedly drawn to him by a shared view of the importance of the U.S. relationship to Israel.
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SAP has extended yet again the deadline for its offer to buy outstanding shares of cloud software developer SuccessFactors while a U.S. government organization investigates the proposed $3.4 billion acquisition.
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SEC News Digest
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The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011.
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Based on TransCanada claims, the U.S. Chamber of Commerce declares that the Keystone XL pipeline “will create 20,000 well-paying jobs.” ThinkProgress Green has learned that TransCanada, the foreign tar sands company behind the proposed Keystone XL pipeline, is facing a potential inquiry into whether it deliberately deceived investors by inflating … (more)
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Get Green Savvygirl Living Dave Ramsey Mid-Columbia Sports Behind the Fold Red Light District Inside Opinion Business Beat Light Notes Rock Doc column Rub of the Green Mr.
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Staffers inside the Securities and Exchange Commission have a nickname for the massive Dodd-Frank financial overhaul law, which imposes hundreds of new federal rules on business: They call it the “Eugene Scalia Full Employment Act.” Funny, right? Maybe the joke works better if you know who Eugene Scalia is.
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President Barack Obama’s State of the Union pledge to create a special unit to punish fraud in mortgage finance met with skepticism Wednesday for coming so late in his term and amid signs that his administration is close to settling with large banks accused of shoddy mortgage-lending practices.
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SEC News Digest
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They invest in short-term, highly rated debt issued by banks, governments and corporations worldwide.
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Guidewire Software on Tuesday priced its initial public offering at $13 a share, highlighting one of two tech IPOs based on the trend of cloud computing.
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President Obama announced a new unit devoted to major financial crimes as he offered tough words for Wall Street during his State of the Union address.
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MANILA, Philippines - The prosecution has requested the impeachment court to subpoena the bank accounts of Supreme Court Chief Justice Renato Corona and his wife, Cristina.
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In an interview last Monday with veteran investigative reporter and best-selling author Gary Weiss, I described how executives at Green Mountain Coffee Roasters apparently received higher bonuses in 2011.
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MANILA, Philippines - Chief Justice Renato Corona’s P11-million cash advance in 2003, which he supposedly used to pay for some of his condominium acquisitions, came from his wife’s family corporation that had “ceased to operate legally by 2007,” according to journalist and blogger Raissa Robles.
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The market capitalisation to GDP ratio on the Dhaka Stock Exchange fell by 17.44 percent last year due to a series of abnormal downswings.
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Social media is also changing the way some of us invest - and that’s where you need to be careful.
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If the Managed Funds Association has its way, hedge fund managers will be free to advertise and market their funds.
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According to a recent Securities and Exchange Commission filing , William Rainville of Technology Park Drive’s Kadant Inc.
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As president of the Pacific Exchange in the late-1990s, Warren Langley oversaw the West Coast’s biggest financial center, a trading floor where some 17 million shares of stock changed hands daily.
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As president of the Pacific Exchange in the late-1990s, Warren Langley oversaw the West Coast’s biggest financial center, a trading floor where some 17 million shares of stock changed hands daily.
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A Belvedere investment adviser has pleaded guilty to committing mail fraud while defrauding clients and submitting phony documents to the Securities and Exchange Commission to conceal his crime.
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Over the holiday, the Securities and Exchange Commission revised one of the wealth requirements for people seeking to invest in private offerings that hold the allure of big returns.
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SEC News Digest
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The SEC has charged an investment advisory arm of UBS with overstating the prices of securities in three mutual funds, some times by more than 100%. The federal regulator that that the failure “to properly price securities” in three mutual funds that it managed resulted in the mismarking of the net asset values of those funds.
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