Securities and Exchange Commission News

While Murthy, who was sacked for hiding a relationship with a subordinate, will not get anything from the severance package, he is still eligible for USD 6,000 per month as post-termination benefit.

Luxoft Holding, Inc, a subsidiary of IBS Group Holding Limited, has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its Class A ordinary shares.

Gallitano, a WellCare director since 2009, succeeds Charles Berg , who stepped down from the board at the end of today's annual shareholders' meeting.

CST Brands Inc., one of the largest independent retailers of motor fuels and convenience merchandise in North America, reported that its net income for first-quarter 2013 was $21 million, compared to $14 million for first-quarter 2012, within the range of $17 million to $23 million it announced in conjunction with its offering of senior notes in ... (more)

The city of South Miami, Florida, defrauded investors by not disclosing problems with the tax-exempt status of two bond deals, U.S. securities regulators said on Wednesday in their second municipal bond fraud enforcement action this month.

The City of South Miami has agreed to settle charges by the Securities and Exchange Commission that it defrauded bond investors regarding the tax-exempt financing eligibility of a mixed-use retail and parking structure being built in its downtown commercial district.

Immune Pharmaceuticals Ltd. , a privately held Israeli company, and EpiCept Corporation announced today that Daniel Teper, Chief Executive Officer of Immune, will be presenting at the BioEquity Europe 2013 conference at the Varumottagning Sheraton Hotel in Stockholm, Sweden on Thursday, May 23, at 1:30 PM local time in the St.

Targeting Tea Party groups for scrutiny, even if through incompetence, not intention , turned the IRS into a nasty carbuncle on the governing body.

Dish Network Corp. played up a Sprint Nextel Corp. suitor's ties to China as new plot points unfolded Tuesday in the Sprint-Dish-SoftBank Corp.-Clearwire Corp.

Zeek Rewards is the $600 million Ponzi scheme out of Lexington that had investors around the world.

According to a Securities and Exchange Commission filing, three Ohio subsidiaries of FirstEnergy Corp.

There is a new movement afoot in the world of small business financing. The concept of crowdfunding has its roots in earlier efforts to assist artists get their music and art projects funded in an organized way.

Proxy Disclosures for Corporate Jets: AircraftLogs Announces SEC Reporting Tool AircraftLogs has automated incremental cost disclosures for corporate jets, which the Securities and Exchange Commission requires to be included the annual proxy statements of publicly-traded companies.AircraftLogs has automated the incremental cost disclosures for ... (more)

The Securities and Exchange Commission has issued a memorandum circular containing its guidelines on foreign ownership for firms engaged in nationalized and partly nationalized activities after several consultations with stakeholders.

Usually companies sell shares to investors. But a company can also buy its shares from shareholders.

The Securities and Exchange Commission has extended the period for commenting on its proposed standard for the maintenance of automated systems used in securities trading by 45 days.

Subpoenas have been issued for SAC's Steven Cohen and other employees, The New York Times reports.

Legg Mason's move comes as a growing number of mutual fund companies consider offering funds in which the net asset value floats, rather than remains fixed.

A recent opinion from the Southern District of New York interpreting the 'means of interstate commerce' under the Foreign Corrupt Practices Act , has opened the door for the United States federal judiciary to exercise jurisdiction over virtually any Internet communication, even when the communication both originates and terminates outside the ... (more)

Callon Petroleum Company today announced that it is commencing an underwritten public offering of non-convertible Series A Cumulative Preferred Stock .