Securities and Exchange Commission News
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15 min 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.
4 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.
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. Edward J. DiMaria left the financial news company as the SEC began a probe focused on the second and third quarters of 2012.
British bank HSBC has agreed to pay $550 million to resolve U.S. claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007. The Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the settlement Friday with HSBC.
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.
Investors' fever toward the Alibaba Group during its roa ds how and all the hype surrounding the Chinese e-commerce behemoth are boding well for its record-breaking initial public offering in the US market next week. "We believe that Alibaba will be a successful IPO.
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.
Updated: Tue Sep 16, 2014 08:12 am
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