Corporate / Securities Law News
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5 min ago | Reuters
Texas tycoon Sam Wyly and the estate of his late brother Charles should pay damages totaling $1.41 billion for their role in a scheme that hid trades in companies they controlled using offshore trusts, the U.S. Securities and Exchange Commission said.
2 hrs ago | InvestmentNews
A former registered representative who sold $1.6 million of a now-moribund private real estate investment trust is frustrated with the REIT's history of related-party transactions and thinks results could be better if the REIT were managed better.
6 hrs ago | Off the Kuff
TPJ has filed a criminal complaint with the Travis County District Attorney against State Senator and Attorney General candidate Ken Paxton.
On Thursday, the Securities and Exchange Commission released rules that will change how money market mutual funds work.
A business unit of Citigroup will pay $5 million to settle civil charges that one of its private trading venues violated federal law by failing to protect its clients' confidential trading data, U.S. regulators said Friday.
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.
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.
Earlier this month, several significant amendments to the Delaware General Corporation Law were approved.
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.
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.
The Securities and Exchange Commission announced the settlement Thursday with the Wall Street bank.
Arthur Krieg was hired to the company just six months ago as senior vice president and chief scientific officer.
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)
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.
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.
Also charged are Global Holdings co-founder Robert Dane Freeman, a former N.C. investment advisor, and Charles Lowell Walker, who helped recruit investors.
Updated: Sat Jul 26, 2014 10:32 am
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