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Corporate / Securities Law News

News on Corporate / Securities Law continually updated from thousands of sources around the net.

2 hrs ago | Reuters

UPDATE 2-Citigroup unit to pay $5 million to settle U.S. SEC charges

A private trading venue owned by Citigroup will pay a $5 million penalty to settle charges that it failed to protect customers' data, marking the latest case in a crackdown by U.S. regulators over alleged market rule violations.

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Related Topix: Securities and Exchange Commission, Law, Banking, Financial Services, CitiMortgage, Citigroup

6 hrs ago | Christian Science Monitor

Mutual funds face new SEC regulations, falling assets

The Securities and Exchange Commission headquarters in Washington. Regulators voted Wednesday July 23, 2014 to end a longtime staple of the investment industry _ the fixed $1 share price for money-market mutual funds _ at least for some money funds used by big investors.

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Related Topix: Mutual Funds, Personal Finance, Securities and Exchange Commission, Law

10 hrs ago | Bloomberg

Cynk Restriction on Broker Share Transactions Set to Lift

One of the restrictions keeping Cynk Technology Corp. shares from trading is scheduled to lift today, freeing them potentially to change hands among brokers away from exchanges.

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Related Topix: Securities and Exchange Commission, Law, US News

Thu Jul 24, 2014

JD Supra

2014 Changes to Delaware Corporate Law

Earlier this month, several significant amendments to the Delaware General Corporation Law were approved.

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Related Topix: Law

Federal Bureau of Investigation

New York: Executive pleads guilty to role in $3 million securities fraud scheme.

Yesterday, Cecil Franklin Speight, also known as Frank Speight, pleaded guilty to conspiracy to commit mail fraud and securities fraud for engaging in a conspiracy to steal over three million dollars from investors.

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Related Topix: Prison, Securities and Exchange Commission, Law, Criminal Defense Law, US News, US Federal Bureau of Investigation

The China Post

SEC votes to end US$1 a share for some funds

Regulators have voted by a narrow margin to end a longtime staple of the investment industry - the fixed US$1 share price for money-market mutual funds - at least for some money funds used by big investors.

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Related Topix: Securities and Exchange Commission, Law, Mutual Funds, Personal Finance

Bellingham Herald

Morgan Stanley paying $275M to settle SEC charges

The Securities and Exchange Commission announced the settlement Thursday with the Wall Street bank.

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Related Topix: Stanley, Securities and Exchange Commission, Law, Home, Mortgage, Personal Finance, Financial Markets

Business Journal

Sarepta terminates chief science officer as it heads toward drug approval

Arthur Krieg was hired to the company just six months ago as senior vice president and chief scientific officer.

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Related Topix: Securities and Exchange Commission, Law

Hispanic Business

Brinks Co Files (8-K) Disclosing Results of Operations and Financial...

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended , or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by ... (more)

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Related Topix: Law

Business Journal

Venari Resources raises $1.5B to fund oil exploration in the gulf

Venari Resources LLC raised nearly $1.5 billion in private equity funding to finance the Addison-based company's drilling efforts in the Gulf of Mexico, according to Securities and Exchange Commission filings.

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Related Topix: Securities and Exchange Commission, Law

Wed Jul 23, 2014

Reuters

Standard & Poor's may face SEC charges over ratings

The parent of Standard & Poor's, which is defending against a $5 billion lawsuit by the federal government over its credit ratings, said on Wednesday it may soon also face U.S. Securities and Exchange Commission charges over another set of ratings.

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Related Topix: Securities and Exchange Commission, Law, US Securities and Exchange Commission, Financial Services, Home, Mortgage, Personal Finance

Brandon Sun

S&P says regulators considering action against it over mortgage securities ratings in 2011

Standard & Poor's says regulators have told the rating agency they are considering taking civil enforcement action against it over ratings it gave to six deals in 2011 involving securities tied to commercial mortgages.

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Related Topix: Securities and Exchange Commission, Law

Myrtle Beach Online

Former Myrtle Beach lawyer facing criminal charges over investment scheme

Also charged are Global Holdings co-founder Robert Dane Freeman, a former N.C. investment advisor, and Charles Lowell Walker, who helped recruit investors.

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Related Topix: Myrtle Beach, SC, Financial Markets, US Securities and Exchange Commission, Financial Services, Securities and Exchange Commission, Law

WTHR-TV Indianapolis

SEC votes to end $1 a share for some money funds

After two days of jury selection, lawyers are poised to give opening statements in the trial of a Detroit-area man who opened his front door and shot an unarmed woman, killing her.

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Related Topix: Securities and Exchange Commission, Law, US News, Georgia, Mutual Funds, Personal Finance

Hispanic Business

Micron Announces Proposed $750 Million Offering of Senior Notes

The interest rate, redemption provisions and other terms of the Notes will be determined by negotiations between Micron and the initial purchasers.

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Related Topix: Law

Reuters

Derivatives group ISDA says CFTC commissioner O'Malia to be CEO

The International Swaps and Derivatives Association , a financial industry lobby group, named Commodity Futures Trading Commission commissioner Scott O'Malia as chief executive.

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Related Topix: Law

Tue Jul 22, 2014

NewsOK.com

SEC poised to end $1 a share for some money funds

Regulators are expected to vote Wednesday to end a longtime staple of the investment industry - the fixed $1 share price for money-market mutual funds - at least for some money funds used by big investors.

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Related Topix: Securities and Exchange Commission, Law, Mutual Funds, Personal Finance

Hispanic Business

Tortoise Capital Advisors, L.L.C. Announces Release of Second Quarter ...

These reports are also available online at www.tortoiseadvisors.com . Please call 362-9331 or email info@tortoiseadvisors.com to request hard copies of these reports free of charge.

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Related Topix: Law

Business Journal

Crocs shoots to increase profitability; CEO search goes on

Crocs Inc. will attempt to increase its profit margin by 4.5 percentage points using tactics that are part of a major restructuring announced Monday , just ahead of a quarterly earnings filing that revealed a steep decline in net income.

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Related Topix: Securities and Exchange Commission, Law

Business Journal

Four things you may not know about the Reliant-Commerce Union merger

As part of its merger with Reliant Bank of Brentwood, Commerce Union Bank intends to issue around $41.6 million in common stock to fund part of the all-stock transaction, according to a recent filing with the Securities and Exchange Commission.

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Related Topix: Securities and Exchange Commission, Law

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