Corporate / Securities Law News
News on Corporate / Securities Law continually updated from thousands of sources around the net.
2 hrs ago | AmericanBankingNews.com
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.
5 hrs ago | JD Supra
Last week, the North American Securities Administrators Association withdrew its support for S. 1923 which, if enacted, would exempt "M&A brokers" from the broker registration requirements of the Securities Exchange Act of 1934. In this letter to Senators Joe Manchin and David Vitter, Arkansas Securities Commissioner A. Heath Abshure blamed NASAA's change in position on the "inexplicable removal from the bill of a basic and critical provision disqualifying 'bad actors' from qualifying for the registration exemption established by the bill .
7 hrs ago | JD Supra
Can merely late filing of "routine" forms get you in trouble with the SEC? Yes, at least if it happens too often. On Wednesday the SEC announced charges and financial penalties totaling $2.6 million against 28 officers, directors, and major shareholders for repeated late filing of SEC forms reporting holdings and transactions in company stock, and six publicly traded companies for contributing to filing failures by insiders or failing to report their insiders' filing delinquencies.
8 hrs ago | Business Journal
Fast-casual pizza hot spot &pizza looks to be getting a lot hotter in the coming months.
9 hrs ago | JD Supra
In a recent matter before the SEC, settlement of an FCPA claim with Smith & Wesson has raised some worrisome new issues for compliance officers. This settlement is noteworthy for two reasons: A determination by the SEC that a company has an "inadequate compliance program" may give rise to a new SEC claim for violation of the Securities Exchange Act.
12 hrs ago | BayStreet.ca
KING OF PRUSSIA, PA / ACCESSWIRE / September 15, 2014 / Medical Alarm Concepts Holding, Inc. , today announced the completion and filing of its 10-Q for the quarter ending September 30, 2013. The work was conducted by Paritz & Company, P.A. and the filing of Form 10-Q with the Securities & Exchange Commission was for the fiscal quarter ending Sept 30, 2013.
14 hrs ago | AmericanBankingNews.com
Medbox major shareholder P Vincent Mehdizadeh unloaded 2,000 shares of Medbox stock on the open market in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $10.79, for a total value of $21,580.00.
16 hrs ago | Bangkok Post
A stock-trading board for shares of small and medium-sized enterprises will be launched in the fourth quarter, with settlement to be made only in cash. The Securities and Exchange Commission and the Stock Exchange of Thailand are discussing rules for the new SME board, said SEC secretary general Vorapol Socatiyanurak.
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.
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.
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.
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.
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.
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.
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.
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.
Updated: Mon Sep 15, 2014 06:41 pm
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