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Corporate / Securities Law News

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

14 min ago | Pensions & Investments

SEC rule could push trading costs higher

The Securities and Exchange Commission's latest salvo in the war against market instability could mean higher trading fees for money managers and some smaller equity trading venues curtailing operations or shutting down completely.

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Related Topix: Securities and Exchange Commission, Law

Sat Sep 13, 2014

Salt Lake Tribune

Julie Jason: Two examples of conflict of interest

An interesting case was reported recently by the Securities and Exchange Commission that gives a good example of the type of conflict of interest that might arise between a financial firm and its clients. The case had to do with a Houston-based firm that sold mutual funds to its clients, with a payment coming back to the firm from another party.

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Related Topix: Securities and Exchange Commission, Law

Truthdig

Shareholders' Quest for More Transparency

If you own a share of a company, how much information about the company are you entitled to? That is the question embedded in the debate over a proposed Securities and Exchange Commission rule that would force publicly traded companies to disclose their political spending to their shareholders. As of this month, a 2011 petition to the SEC proposing the rule has received more than 1 million comments - most of them in favor of the mandate.

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

OpEdNews

5 Reasons The SEC's Executive-Pay Rules Matter -- And 5 Ways to Use Them

Two little-known rules on corporate reporting of executive pay are currently being reviewed by the Securities and Exchange Commission. While they have received almost no press coverage, these rules could have far-reaching consequences for our nation's economy and the future of the middle class.

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Related Topix: Securities and Exchange Commission, US News, Liberal Political News

NewsTalk 1530 KFBK

Hewlett-Packard Pleads Guilty to Bribery

Hewlett-Packard has pleaded guilty to felony charges that former employees bribed Russian government officials for a contract, and the company has been fined $58.7 million. The Securities and Exchange Commission says HP's Russian subsidiary admitted violating the Foreign Corrupt Practices Act in a Northern California court Thursday.

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Related Topix: Hewlett Packard, HP, Hewlett-Packard, Computers, Securities and Exchange Commission, Law

Wall Street Journal

To Be Clear, SEC Reviewers Want Filings in Plain English, Period

The Securities and Exchange Commission headquarters in Washington, where lawyers and accountants review several thousand of the more than half-million documents that companies file with the agency every year. After combing through a 19,974-word filing for a securities offering, Securities and Exchange Commission senior counsel Catherine Gordon had some guidance for the company that drafted it.

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Related Topix: Securities and Exchange Commission, Law

Fri Sep 12, 2014

Hispanic Business

Geltech Solutions, Inc. Files (8-K) Disclosing Unregistered Sale of Equity Securities

The shares of common stock and warrants were issued without registration under the Securities Act of 1933 in reliance upon the exemption provided in Section 4 and Rule 506 thereunder.

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Related Topix: Law

Investor's Business Daily

WhiteWave Foods Announces Pricing of $500 million of 5.375% Senior...

The WhiteWave Foods Company announced today the pricing of $500 million in aggregate principal amount of 5.375% senior notes due 2022, through underwriters led by J.P. Morgan Securities LLC. The offering is being conducted pursuant to a registration statement and related preliminary prospectus supplement filed with the Securities and Exchange Commission. The notes mature on October 1, 2022.

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Related Topix: Securities and Exchange Commission, Law

JD Supra

SEC Issues Stern Reminder for Timely Filing of Beneficial Ownership Reports

After years of little enforcement action, the Securities and Exchange Commission issued a press release yesterday announcing charges against 28 officers, directors, or major shareholders for violating federal securities laws requiring prompt reporting of information regarding their holdings and transactions in company stock. Six publicly traded companies were also charged for contributing to filing failures by insiders or failing to report their insiders' filing delinquencies.

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Related Topix: Securities and Exchange Commission, Law

JD Supra

Did the Summer Shine any Light on Dodd-Frank Whistleblower Land?

The summer saw a significant new development in the Securities and Exchange Commission's whistleblower bounty program but failed to see any development on obtaining clarification as to the reach of the Dodd-Frank Act's whistleblower protection provision. While the SEC was busy finalizing the first-ever award to an employee working in the area of compliance, the courts were intent on taking a break from dealing with attempts by whistleblowing employees, and their SEC amici, to achieve clarity on the issue of whether reporting internally, but not to the SEC, is sufficient to fall within the protections of the Dodd-Frank Act's anti-retaliation provision.

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Related Topix: Securities and Exchange Commission

JD Supra

CFTC Issues Exemptive Relief to Harmonize with JOBS Act Amendments to Regulation D and Rule 144A

The U.S. Commodity Futures Trading Commission issued an Exemptive Letter on September 8, 2014 providing that an issuer relying on Rule 506 of Regulation D and resellers relying on Rule 144A, permitting general solicitation or general advertising, may still rely on the exemptions for commodity pool operators set forth in Regulation 4.7 and Regulation 4.13 . The Exemptive Letter seeks to resolve discrepancies between the permission to engage in general solicitations under Rule 506 and Rule 144A provided that purchasers in such transactions meet certain criteria, and the provisions of Regulations 4.7 and 4.13 , which would prohibit general solicitations as a condition to qualifying for the exemptions.

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Related Topix: Law, Securities and Exchange Commission

Salon

Is this the beginning of the end of dark money?

If you own a share of a company, how much information about the company are you entitled to? That is the question embedded in the debate over a proposed Securities and Exchange Commission rule that would force publicly traded companies to disclose their political spending to their shareholders. As of this month, a 2011 petition to the SEC proposing the rule has received more than 1 million comments - most of them in favor of the mandate.

Comment?

Related Topix: Securities and Exchange Commission, Law

AmericanBankingNews.com

Insider Buying: Luxor Capital Group, Lp Acquires 12,272 Shares of...

Altisource Asset Management Corp major shareholder Luxor Capital Group, Lp acquired 12,272 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was purchased at an average cost of $700.00 per share, with a total value of $8,590,400.00.

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Related Topix: Securities and Exchange Commission, Law

Thu Sep 11, 2014

AmericanBankingNews.com

Insider Selling: Jason T. Adelman Sells 80,950 Shares of FitLife Brands Stock

FitLife Brands major shareholder Jason T. Adelman unloaded 80,950 shares of the company's stock on the open market in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $2.65, for a total transaction of $214,517.50.

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Related Topix: Securities and Exchange Commission, Law

JD Supra

SEC Money Market Reform: An Analysis of Fund Director Responsibilities

In July 2014, the Securities and Exchange Commission adopted long-awaited rule amendments to regulations that govern money market funds . The Rules are designed to lessen money market funds' susceptibility to heavy redemptions, improve the ability of money market funds to manage and mitigate potential contagion from high levels of redemptions and increase the transparency of risks associated with these funds.

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Related Topix: Securities and Exchange Commission, Law

WBOC-TV Salisbury

Wilmington Trust Pays $18.5M to Settle SEC Charges

Federal regulators say Wilmington Trust has agreed to pay $18.5 million to settle charges of accounting and disclosure fraud regarding its loan portfolio. The Securities and Exchange Commission said Thursday that Wilmington Trust, which was on the brink of collapse when it was hastily acquired by M&T Bank in 2011, failed to report the true volume of loans at least 90 days past due in 2009 and 2010.

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Related Topix: Securities and Exchange Commission, Law

JD Supra

SEC Shamelessly Targets Late Filers

These individuals were ordered pay thousands of dollars in fines and to cease and desist from future violations. The SEC also charged six companies for contributing to these delinquent filings.

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Related Topix: Law

JD Supra

CFTC Settles Prearranged Trades Violation with Foreign Bank

The Commodity Futures Trading Commission recently accepted an offer of settlement submitted by FirstRand Bank, Ltd. in anticipation of an administrative proceeding resulting from FirstRand's alleged violations of the Commodity Exchange Act . According to the CFTC, between June 2009 and August 2011, FirstRand entered into prearranged trades involving corn and soybean futures contracts on the Chicago Board of Trade .

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Related Topix: Law

Business Journal

Former BioFuel Energy chairman settles with SEC over trades

Thomas J. Edelman , a major investor in and former chairman of Denver's BioFuel Energy Corp. , will pay a $64,125 fine to settle a civil action filed against him by the Securities and Exchange Commission . Edelman and investors in other companies were targeted by the SEC for failing to promptly report information about their stock holdings and dealings, in violation of federal securities laws.

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Related Topix: Securities and Exchange Commission, Law

AmericanBankingNews.com

Insider Buying: DelMar Pharmaceuticals Director Purchases 7,000 Shares of Stock

DelMar Pharmaceuticals Director John K. Bell acquired 7,000 shares of DelMar Pharmaceuticals stock on the open market in a transaction that occurred on Monday, September 8th. The shares were purchased at an average cost of $0.71 per share, for a total transaction of $4,970.00.

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Related Topix: Securities and Exchange Commission, Law

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