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Securities and Exchange Commission News

News on Securities and Exchange Commission continually updated from thousands of sources around the net.

1 hr ago | New York Post

Cynk, penny-stock a star,a continues tumble

Sykes understands America's fascination with Cynk - the Belize-based company with a stock that went from 6 cents a share to $21.45, got halted by the Securities and Exchange Commission as it slid to $13.60, then crashed to $2.10 on Friday, its first trading session after a 10-day suspension.

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Related Topix: Corporate / Securities Law, Law

5 hrs ago | Reuters

Ex-Harbinger COO settles SEC claims he aided fraud

The former chief operating officer of Philip Falcone's hedge fund Harbinger Capital Partners has agreed to pay $200,000 to resolve charges he aided a scheme to misappropriate fund assets, the U.S. Securities and Exchange Commission said Monday.

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Related Topix: Corporate / Securities Law, Law, Financial Services, US Securities and Exchange Commission

5 hrs ago | Wall Street Journal

Harbinger's Ex COO Settling SEC Charges

The Securities and Exchange Commission said Monday that the former chief operating officer of Harbinger Capital Partners LLC agreed to settle charges for assisting in the misappropriation of millions of dollars from a hedge fund, and will be prohibited from working in the securities industry for at least two years.

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Related Topix: Corporate / Securities Law, Law

6 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: Corporate / Securities Law, Smith and Wesson, Sporting Goods, Law

9 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: Corporate / Securities Law, Law, Banking, Financial Services, CitiMortgage, Citigroup

10 hrs ago | Business Journal

BioDerm launches $4.8M capital raise

The Largo-based medical products company will use some of the funding to pay salaries and wages to executive officers, a filing with the U.S. Securities and Exchange Commission said.

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Related Topix: Financial Services, US Securities and Exchange Commission, Corporate / Securities Law, Law

14 hrs ago | Trinidad Guardian

Facebook says SEC's IPO probe ends

Facebook Inc said the US Securities and Exchange Commission dropped its probe into the social networking company over events surrounding its controversial initial public offering.

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Related Topix: Startups, Facebook, Social Software, Corporate / Securities Law, Law, US Securities and Exchange Commission, Financial Services

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: Corporate / Securities Law, 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: Corporate / Securities Law, Law

Alternative Energy Stocks

The Quick Guide To A Green Stock Portfolio

I recently published a quick guide to a green or fossil fuel free stock portfolio aimed at the small investor.

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Related Topix: Mutual Funds, Personal Finance, Financial Markets, Corporate / Securities Law, Law

Overlawyered

Corinthian Colleges meets its downfall

Through the actions of multiple federal agencies - the Department of Education, Securities and Exchange Commission, and Consumer Financial Protection Bureau - the Obama Administration has succeeded in wiping out a major for-profit education provider with thousands of employees and 72,000 students, all without bringing a legal charge.

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Related Topix: Corinthian Colleges, Corporate / Securities Law, Law, Conservative Political News, US News

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.

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Related Topix: Bernie Madoff, Many, LA, Corporate / Securities Law, Law, Opinion

Sat Jul 26, 2014

Albany Times Union

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

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Related Topix: Corporate / Securities Law, Law, Mutual Funds, Personal Finance

Customer Interaction Solutions

Final Judgment Entered in SEC's Accounting Fraud Case Against John ('Jack') J. Egan, Jr.

WASHINGTON, July 25 -- The Securities and Exchange Commission issued the following litigation release: The Securities and Exchange Commission announced that on July 18, 2014, the Honorable William H. Pauley III, United States District Judge for the Southern District of New York, entered a final judgment in the Commission's civil action against John ... (more)

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Related Topix: Corporate / Securities Law, Law, Publishing, Media, Television, Ottaway Newspapers, Fox Filmed Entertainment, Digital Journal, FOX News Network

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: Corporate / Securities Law, 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: Corporate / Securities Law, Law, US Securities and Exchange Commission, Financial Services, Michaels Stores, Retail

Reuters

U.S. SEC appeals crisis-era case against ex-bank executives

U.S. government lawyers asked federal regulators on Friday to overturn a judge's ruling dismissing their case against two former State Street Corp executives accused of misleading investors in a fund exposed to subprime mortgages.

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Related Topix: Corporate / Securities Law, Law, State Street, Financial Services, Investment Services, Home, Mortgage, Personal Finance

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, Corporate / Securities Law, Law

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, Corporate / Securities Law, Law

Fri Jul 25, 2014

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: Corporate / Securities Law, Law, Business News

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