Corporate / Securities Law News
News on Corporate / Securities Law continually updated from thousands of sources around the net.
24 min ago | JD Supra
On September 10, 2014, the Securities and Exchange Commission announced charges against 28 officers, directors, and major shareholders for violating federal securities laws requiring them to report information about their holdings and transactions in company stock as required pursuant to Sections 16 , 13 , and 13 of the Securities Exchange Act of 1934. The SEC also charged six publicly-traded companies for failing to report their insiders' filing delinquencies or for contributing to their insiders' failures to file.
24 min ago | JD Supra
On September 10, 2014, the Securities and Exchange Commission announced charges against 13 officers or directors and 15 major shareholders of publicly traded companies for violating Section 16 , Section 13 , and/or Section 13 of the Securities Exchange Act of 1934, which require certain corporate insiders and major shareholders to timely report information about holdings and transactions in registered classes of company equity securities.The SEC also charged six public companies with contributing to the filing failures or neglecting to report the violations.
2 hrs ago | WVIZ-TV Cleveland
A 27-year-old businessman from Mexico who once lived in Gates Mills has been indicted on federal charges. Prosecutors accuse him of defrauding investors in Ohio and elsewhere.
5 hrs ago | JD Supra
On September 9, 2014, Pepper Hamilton attorneys Gregory J. Nowak and John P. Falco spoke on a webinar for West LegalEdcenter, part of Thomson Reuters. This podcast is a recording of this webinar.
The Radant Technologies Division of Communications & Power Industries LLC provided a novel, quad-band satellite communications radome to support the recent successful flight demonstrations of ViaSat, Inc.'s first integrated Ku-band and Ka-band airborne satellite terminal. The demonstrations showed that the ViaSat terminal, utilizing a radome from the CPI Radant Technologies Division, can switch dynamically among six satellites and three satellite networks across both Ku-band and Ka-band frequencies.
At a beachside picnic table on this Caribbean island, where he lives in voluntary exile, former corporate raider Paul Bilzerian says he hasn't lost his taste for battling his enemies in the U.S. government. But 25 years after Mr. Bilzerian became a Wall Street felon, the Securities and Exchange Commission is quitting the fight, winding down its quest to collect a $62 million civil judgment against him for securities fraud.
Joseph Laurer was well known in southern Miami-Dade County as the president of the South Dade chapter of the AARP and a member of Homestead's General Employee Pension Board when he passed away in July, but federal authorities say he was running a Ponzi scheme.
Joseph Laurer was well known in southern Miami-Dade County as the president of the South Dade chapter of the AARP and a member of Homestead's General Employee Pension Board when he passed away in July, but federal authorities say he was running a Ponzi scheme. The 69-year-old, who also went by Dr. Josef V. Laurer , is the subject of a civil complaint by the Securities and Exchange Commission over an alleged investment fraud that raised $4.6 million from 50 mostly local investors.
Two residents of the Florida Keys were indicted for running a $300 million Ponzi scheme that sold investors vacation rental units. Fred Davis Clark Jr. and Cristal R. Clark were charged with conspiracy to commit bank fraud and bank fraud for a scheme that allegedly defrauded 1,400 investors.
Proteon Therapeutics Inc. is planning an initial public offering according to a Tuesday filing with the Securities and Exchange Commission.
An information technology employee at a major U.S. law firm was arrested on Tuesday on charges that he engaged in an insider trading scheme that enabled him to earn nearly $297,000. Dmitry Braverman, a former senior information systems engineer at Wilson Sonsini Goodrich & Rosati, was charged with one count of securities fraud in a criminal complaint filed in New York.
Identiv, Inc. , a global security technology company that provides trust solutions for premises, information, and everyday items, announced the closing of an underwritten public offering of 2,000,000 shares of its common stock at a public offering price of $15.00 per share. Identiv has also granted the underwriter a 30-day option to purchase up to an additional 300,000 shares of common stock to cover overallotments, if any.
Securities and Exchange Commission officials said a Tennessee-based animal feed company has agreed to pay back $18 million in illegal profits from an accounting fraud. In a news release, the SEC said Monday that AgFeed Industries and top company executives were charged in March for repeatedly reporting fake revenues from the company's China operations in order to meet financial targets and inflate AgFeed's stock price.
The Division of Swap Dealer and Intermediary Oversight of the U.S. Commodity Futures Trading Commission issued exemptive relief1 on September 8, 2014 to permit a registered commodity pool operator to keep its required CPO and commodity pool records at a location other than the CPO's "main business office" if certain conditions are met. Historically, CFTC rules generally mandated that registered CPOs maintain required CPO and commodity pool records at the CPO's main business address.
The United States only has one requirement relating to diversity on corporate boards. But it's so vague that employers get to fill in the blanks, and it's unlikely to change the fact that boards remain overly filled with white men anytime soon.
The Securities and Exchange Commission appears to be deciding whether to allow a new type of actively managed ETF to trade that does not regularly disclose its underlying holdings. Kevin M. O'Neill, a deputy secretary at the SEC, set a deadline of Nov. 7 as the date by which the agency will decide whether to approve a NASDAQ rule change that would allow exchange-traded managed fund shares to trade, according to a regulatory notice.
Century Bancorp major shareholder James J. Filler purchased 1,167 shares of the company's stock on the open market in a transaction that occurred on Monday, September 15th. The stock was purchased at an average cost of $34.80 per share, with a total value of $40,611.60.
Updated: Wed Sep 17, 2014 12:08 pm
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