Securities and Exchange Commission News
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4 min ago | Business Journal
Two residents of the Florida Keys were indicted for running a $300 million Ponzi scheme that sold investors vacation rental units. Fred Davis Clark Jr. and Cristal R. Clark were charged with conspiracy to commit bank fraud and bank fraud for a scheme that allegedly defrauded 1,400 investors.
2 hrs ago | Business Journal
Joseph Laurer was well known in southern Miami-Dade County as the president of the South Dade chapter of the AARP and a member of Homestead's General Employee Pension Board when he passed away in July, but federal authorities say he was running a Ponzi scheme.
2 hrs ago | Business Journal
Joseph Laurer was well known in southern Miami-Dade County as the president of the South Dade chapter of the AARP and a member of Homestead's General Employee Pension Board when he passed away in July, but federal authorities say he was running a Ponzi scheme. The 69-year-old, who also went by Dr. Josef V. Laurer , is the subject of a civil complaint by the Securities and Exchange Commission over an alleged investment fraud that raised $4.6 million from 50 mostly local investors.
3 hrs ago | Business Journal
Proteon Therapeutics Inc. is planning an initial public offering according to a Tuesday filing with the Securities and Exchange Commission.
4 hrs ago | Business Insurance
An information technology engineer at Wilson Sonsini Goodrich & Rosati was arrested Tuesday and charged with insider trading on information he learned while working at the prominent Silicon Valley law firm. Dimitry Braverman, 41, was charged with one count of securities fraud in a criminal complaint filed in New York.
6 hrs ago | Reuters
Nineteen trading firms and one trader will pay $9 million to collectively settle civil charges alleging they participated in a stock offering after shorting the stock during a restricted period, U.S. regulators said Tuesday. The Securities and Exchange Commission said the settlements mark the latest actions in an effort to crack down on hedge funds and private equity funds that violate a securities rule designed to prevent potential manipulation.
6 hrs ago | Business Journal
EZCorp Inc.'s board last week approved a plan to cut an undisclosed number of jobs within 60 days, in what the company says is a move to "right-size" the business. The Austin-based company revealed Monday that on Sept.
6 hrs ago | JD Supra
On September 9, 2014, Pepper Hamilton attorneys Gregory J. Nowak and John P. Falco spoke on a webinar for West LegalEdcenter, part of Thomson Reuters. This podcast is a recording of this webinar.
10 hrs ago | WTVF Nashville
Securities and Exchange Commission officials said a Tennessee-based animal feed company has agreed to pay back $18 million in illegal profits from an accounting fraud. In a news release, the SEC said Monday that AgFeed Industries and top company executives were charged in March for repeatedly reporting fake revenues from the company's China operations in order to meet financial targets and inflate AgFeed's stock price.
14 hrs ago | GhanaWeb
A new securities law to address gaps in the regulatory environment and allow for the introduction of new products onto the capital market is expected to be passed by the end of year. The current securities law -- which is 21-year old -- does not suffice for the changing trend in the securities industry and new products being developed for the capital market, thereby necessitating a review.
Republic Services major shareholder Cascade Investment Llc bought 110,548 shares of the stock in a transaction dated Thursday, September 11th. The shares were purchased at an average price of $39.10 per share, with a total value of $4,322,426.80.
Nearly one year ago the Securities and Exchange Commission adopted Rule 506 , which eliminated the ban on general solicitation and general advertising in the offer and sale of securities if certain criteria set forth in the rule were met. See my memo A Seismic Shift in the Securities Laws for a detailed discussion of the requirements.
The Securities and Exchange Commission appears to be deciding whether to allow a new type of actively managed ETF to trade that does not regularly disclose its underlying holdings. Kevin M. O'Neill, a deputy secretary at the SEC, set a deadline of Nov. 7 as the date by which the agency will decide whether to approve a NASDAQ rule change that would allow exchange-traded managed fund shares to trade, according to a regulatory notice.
Brown & Brown plans to issue senior notes, using at least some of the proceeds to pay off existing debt.
"Restrospective adopters" of the new revenue recognition accounting standard won't have to present five years of restated revenue figures, the SEC says. Companies that choose the retrospective method for adopting the FASB's new comprehensive accounting standard on revenue recognition are getting a break from the U.S. Securities and Exchange Commission.
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.
SEC Enforcement Initiative to Root Out Repeated Late Filers of Ownership Forms Due Under Sections 13 and 16 - Reminder to Ensure Internal Controls Are Adequate On September 10, the U.S. Securities and Exchange Commission announced charges against 28 officers, directors and major shareholders for violating Sections 13 and 16 of the Securities Exchange Act of 1934 .1 The SEC also brought charges against six publicly-traded companies. All of the charges were in connection with delinquent filings or the failure to report delinquent filings.
Bankrate's CFO resigned as the company undergoes a Securities and Exchange Commission probe for its 2012 financial reporting, the North Palm Beach-based company announced Monday.
Updated: Tue Sep 16, 2014 06:45 pm
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