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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 | MarketWatch

Smith & Wesson to pay $2 million over SEC bribery charges

Smith & Wesson Holding Corp. on Monday agreed on pay $2 million to settle disciplinary proceedings that it international sales team bribed military and police officials in Pakistan, Indonesia and other countries, in order to attract new businesses from 2007 until 2010, the Securities and Exchange Commission announced.

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Related Topix: Securities and Exchange Commission, Smith and Wesson, Sporting Goods, Law

3 hrs ago | Hallam FM

Lloyds Banking Group Fined 218m Over Libor

The UK regulator, the Financial Conduct Authority , fined Lloyds A 105m, while the US Commodity Futures Trading Commission fined Lloyds A 62m and the US Department of Justice penalty was A 51m.

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Related Topix: Law, US News

5 hrs ago | Business News

Citigroup unit charged with failing to protect confidential data

The Securities and Exchange Commission has charged a Citigroup business unit operating an alternative trading system with failing to protect the confidential trading data of its subscribers.

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

7 hrs ago | Sys-Con Media

Vapor Hub International Announces Hydro Dipped AR Mods

Hydro dipping is a process where Vapor Hub applies a film pattern to an AR Mod using a water based transfer process to create unique finishes.

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Related Topix: Law

Sun Jul 27, 2014

AmericanBankingNews.com

Douglas Emmett Given Average Rating of "Hold" by Analysts

Shares of Douglas Emmett have been given an average rating of "Hold" by the nine analysts that are presently covering the stock, Analyst RN reports .

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Related Topix: Securities and Exchange Commission, Law

AmericanBankingNews.com

Legend Oil and Gas major shareholder James Vandeberg Unloads 187,444 Shares

Legend Oil and Gas major shareholder James Vandeberg unloaded 187,444 shares of Legend Oil and Gas stock on the open market in a transaction dated Wednesday, July 23rd.

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Related Topix: Securities and Exchange Commission, Law

Sat Jul 26, 2014

The Advocate

Our Views: Credible safety net

With great reluctance, its chief says, the agency charged with protecting the financial interests of bilked investors has seized on a legal argument that avoids paying the bilked investors of Allen Stanford - costing many Louisiana families millions of dollars in potential relief.

1 comment

Related Topix: Bernie Madoff, Many, LA, Securities and Exchange Commission, Law, Opinion

AmericanBankingNews.com

Citigroup Unit Pays Record Penalty To Settle SEC Charges

U.S. regulators said Friday that 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.

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Related Topix: Securities and Exchange Commission, Law

Forbes.com

Will New Money Market Rules Break Money Markets?

On Wednesday, the Securities and Exchange Commission announced changes to money market fund regulation.

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

Reuters

SEC seeks $1.4 billion from Texas Wyly brothers after fraud verdict

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.

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Related Topix: Securities and Exchange Commission, Law, US Securities and Exchange Commission, Financial Services, Michaels Stores, Retail

InvestmentNews

Claiming bad oversight, ex-rep urges investors reject REIT offer

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.

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Related Topix: REIT, Personal Finance, Securities and Exchange Commission, Law

Off the Kuff

TPJ files criminal complaint against Ken Paxton

TPJ has filed a criminal complaint with the Travis County District Attorney against State Senator and Attorney General candidate Ken Paxton.

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Related Topix: Criminal Defense Law, Law, Travis County, TX

Holtville Tribune

Four Charged in NFL-Related Securities Fraud Scheme Targeting Senior Citizens

Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, and George L. Piro, Special Agent in Charge, Federal Bureau of Investigation , Miami Field Office, announced that Peter D. Kirschner, 49, of Delray Beach, Stuart R. Rubens, 61, of North Miami, Dean R. Baker, 34, of Coral Springs, and Bret A. Grove, 35, of Delray Beach, ... (more)

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Related Topix: Family, Elderly (Senior Citizen), Florida, US News, US Federal Bureau of Investigation, Securities and Exchange Commission, Law

Fri Jul 25, 2014

News Times

On Thursday, the Securities and Exchange Commission released rules that will change how money market mutual funds work.

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

Fox News

Citi Unit Pays Record Fine to Settle SEC Charges

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.

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

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

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

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

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