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

56 min ago | Bloomberg

Leucadia's Handler Joins Ex-SAC's Kumin at Folger Hill

Richard Handler , the chief executive officer of Leucadia National Corp. , will join the board of Folger Hill Asset Management LLC as his company commits $400 million to the fund.

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Related Topix: Leucadia National Corporation, Financial Services, Investment Services, Corporate / Securities Law, Law, US News

5 hrs ago | JD Supra

Financial Services Bulletin: Action at the SEC

On Wednesday, July 23, 2014, the Securities and Exchange Commission adopted amendments to the rules governing money market mutual funds pursuant to Rule 2a-7 under the Investment Company Act of 1940 .

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

Fri Aug 22, 2014

JD Supra

Governments May Be Exempt From ERISA, But They Are Not Exempt From Securities Laws

ERISA lawyers know that employee benefit plans offered by state and local governments to their employees are not subject to ERISA, the federal law that generally governs benefit plans of private employers.

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Related Topix: Law, Employment / Labor Law, Corporate / Securities Law, Pension, Personal Finance, Financial Markets

Reuters

Wylys' lawyer warns SEC's $729 million claim would bankrupt them

A lawyer for Texas tycoon Sam Wyly and his late brother Charles' estate told a federal judge on Friday that a U.S. securities regulator's demand for $729 million in damages for a fraudulent offshore scheme would "bankrupt" them.

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Related Topix: Corporate / Securities Law, Law, Economics News, Bankruptcy, US Securities and Exchange Commission, Financial Services, Michaels Stores, Retail

Theflyonthewall.com

SEC charges AirTouch with fraud in revenue recognition scheme

SEC charges AirTouch with fraud in revenue recognition scheme The Securities and Exchange Commission, or SEC, announced charges against AirTouch, a Newport Beach, California-based telecommunications equipment company and its two former executives accused of improperly recognizing as revenue more than $1M worth of inventory that was shipped to a ... (more)

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Related Topix: Corporate / Securities Law, Law

Insurance News Net

Wedbush Securities Faces Allegations From FINRA, SEC

For one of the largest trading firms on the Nasdaq Stock Market, the last two months have not been easy.

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Related Topix: Corporate / Securities Law, Law

Business Journal

Winn-Dixie parent Bi-Lo cancels plans to go public

Bi-Lo Holdings LLC has withdrawn its 2013 filings to take the grocer public. The registration withdrawal filed Tuesday with the Securities and Exchange Commission reads: "The Company has determined not to pursue the contemplated public offering at this time."

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Related Topix: Corporate / Securities Law, Law

Cape Cod Times

Eastern bank ex-exec charged in insider trading

Federal securities regulators have charged a former Eastern Bank executive with insider trading for allegedly telling a golfing partner about an impending acquisition.

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Related Topix: Corporate / Securities Law, Law, Financial Services, Wainwright Bank and Trust, Banking

Thu Aug 21, 2014

Silicon Alley Insider

Citigroup Facing Restrictions On Sales Of Hedge Fund Investments: WSJ

Citigroup Inc has been sending hedge fund firms letters informing them that it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the Securities and Exchange Commission, the Wall Street Journal reported.

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Related Topix: Banking, Financial Services, Citigroup, Corporate / Securities Law, Law, Mortgage, Personal Finance

Sys-Con Media

Ixia Names Bethany Mayer President and Chief Executive Officer

Ixia today announced that its board of directors has appointed Bethany Mayer as president and chief executive officer effective the day after Ixia becomes current in its periodic filings with the Securities and Exchange Commission .

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Related Topix: Telecom, Electronics, Ixia, Corporate / Securities Law, Law, Marketing

Reuters

Republican lawmaker slams SEC over unauthorized leaks to media

A Republican lawmaker slammed the Securities and Exchange Commission over leaks of confidential information to media outlets, including Reuters, calling the disclosures "unacceptable."

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Related Topix: Corporate / Securities Law, Law, US Politics, US News, Republican, US House of Representatives, Jeb Hensarling

NewsOK.com

Feds: Colorado woman defrauded investors of $800k

The U.S. Securities and Exchange Commission is suing a former Colorado Springs woman for allegedly defrauding more than 40 investors in several states of nearly $800,000 through smartphone ventures.

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

CBS Local

SEC: Colorado Woman Defrauded Investors Of $800,000

The U.S. Securities and Exchange Commission is suing a former Colorado Springs woman for allegedly defrauding investors in several states of nearly $800,000 in a smartphone venture.

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

Examiner.com

Bank of America Admits Disclosure Failures to Settle SEC Charges

The Securities and Exchange Commission today announced a settlement in which Bank of America admits that it failed to inform investors during the financial crisis about known uncertainties to future income from its exposure to repurchase claims on mortgage loans.

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Related Topix: Corporate / Securities Law, Law, Home, Mortgage, Personal Finance, US News

The Washington Post

Ubs O?Connor Hedge Fund Sells U.S. REITs in Second Quarter

UBS O'Connor LLC, the $5.6 billion hedge-fund unit within Switzerland's biggest bank, sold most of its stakes in U.S. real estate investment trusts during the second quarter after the companies delivered some of the highest stock-market returns in the past year.

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Related Topix: REIT, Personal Finance, Home, Mortgage, Financial Markets, Corporate / Securities Law, US Securities and Exchange Commission, Law, Financial Services

TheStreet.com

Galena CEO Fired Following Stock-Promotions Scandal

CEO Mark Ahn was fired by the board of directors at a special meeting held Monday, according to a source close to the company.

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Related Topix: Corporate / Securities Law, Law, Business News

TheStreet.com

Carl Icahn Takes Stake in Hertz Amid Accounting Woes

Your browser is not supported. Please upgrade to one of the following browsers: Google Chrome Mozilla Firefox Apple Safari Microsoft Internet Explorer 8+ You may proceed to the site by clicking here , however some pages might not work correctly.

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Related Topix: Mozilla, Corporate / Securities Law, Law, Business News

Wed Aug 20, 2014

Customer Interaction Solutions

Iteris Reports Preliminary Summary Unaudited Financial Results for First Quarter of Fiscal 2015

Iteris, Inc. , a leader in providing intelligent traffic management information solutions, today reported the following summary of unaudited condensed consolidated financial information for its first fiscal quarter ended June 30, 2014.

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

KRNV-TV Reno

Kentucky business unspooled as feds closed in

Louis Joseph Brothers used sales of military-grade electronics to Hong Kong to boost the revenue for his business, then resigned from the company he founded when federal investigators started questioning the sales and the company fell apart.

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Related Topix: US Politics, US News, US Senate, Republican, Mitch McConnell, Covington, KY, Corporate / Securities Law, Law

National Mortgage News

SEC Turns Up the Heat on Ocwen

The regulatory scrutiny of Ocwen Financial Corp. continues to mount, as the Securities and Exchange Commission prepares to serve its second subpoena in as many months to the nonbank mortgage servicer.

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Related Topix: Financial Services, Ocwen Financial, Corporate / Securities Law, Law, Home, Mortgage, Personal Finance, Outsourcing

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