Securities and Exchange Commission News

The Securities and Exchange Commission has approved the incorporation of Smartmatic TIM Corp.

Shares in "General Motors," the company says, are worthless. But many investors apparently have missed the message.

Cessna cancels its Citation Columbus business jet. The program would have brought more than 1,000 jobs to Wichita.

Fresh on the heels of new proposals to regulate mortgages and other consumer credit products, the Obama administration on Friday sent Congress proposed legislation designed to head off another Bernard Madoff-style fraud.

Treasury Secretary Timothy Geithner is set to propose on Friday giving securities and futures regulators authority to police the over-the-counter derivatives market, according to a document obtained by Reuters.

Lancelot Investment Management and its owner have been accused by the U.S. Securities and Exchange Commission of aiding a multibillion dollar Ponzi scheme.

Ameriprise Financial Services Inc. on Friday agreed to pay more than $17 million to settle federal regulators' charges that it failed to disclose nearly $31 million received for selling certain investments to its brokerage customers.

An appellate court is weighing claims against The GEO Group, formerly known as Wackenhut Corrections Corp., to determine if the private prison business lied when it claimed to have been exonerated of any responsibility in the beating death of an inmate and if it should be sanctioned.

July 9, 2009 - " FiberNet Telecom Group, Inc. today announced that RCN Corporation withdrew its proposal to acquire FiberNet for $12.50 per share of FiberNet common stock.

COLUMBIA a ' Federal regulators this week sued a former executive of Columbia-based UCI Medical Affiliates, manager of Doctors Care medical clinics, over the embezzlement of $2.97 million.

Smithfield Foods Inc. CEO C. Larry Pope received compensation valued at $1.8 million for fiscal 2009, 49 percent less than the year before, according to a Securities and Exchange Commission filing Thursday.

The recipients of billions of dollars in IOUs being issued by California soon may have a regulated market where they could sell them.

Six employees of a Wall Street retail broker, Sky Capital, ran a $140 million "trans-Atlantic boiler room" to defraud investors in the United States and Britain, authorities charged Wednesday.

Here's the press release detailing the SEC boiler room charges against Sky Capital CEO Ross Mandell, COO Stephen Shea and four registered reps: FOR IMMEDIATE RELEASE 2009-152 Washington, D.C., July 8, 2009 a ' The Securities and Exchange Commission today charged New York-based broker-dealer Sky Capital LLC and six individuals involved in a ...

The official who has headed a key division at the Securities and Exchange Commission since its creation in 1995 is leaving the agency.

MIAMI a ' In an odd intersection of showbiz and securities fraud, proving a claim that Paris Hilton was a lousy pitchwoman would benefit investors jilted by a Ponzi scheme she had no part in.

Corporations must make "material disclosures" to shareholders, information that, if known, would induce a shareholder to sell or buy shares.

Federal regulators have frozen the assets of a Delaware company accused of swindling nearly 8,000 investors in a $485 million Ponzi scheme that falsely promised hefty returns on investments in the oil and gas business, officials said Tuesday.

The Obama administration needs to move quickly on a promised shake-up of the Securities and Exchange Commission after the US financial watchdog failed to spot the illegal activities of jailed fraudster Bernie Madoff - a scandal that has dented confidence in the investment industry.

R. Allen Stanford , who the U.S. accuses of leading a $7 billion securities fraud, told a federal judge the criminal case against him should be thrown out if he doesna t get access to money to pay his lawyers.