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Securities and Exchange Commission News

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

15 min ago | WTVF Nashville

Tennessee Feed Company Agrees To Fraud Settlement

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.

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Related Topix: Corporate / Securities Law, Law, Economics News, Bankruptcy

4 hrs ago | GhanaWeb

Amended securities law set for Dec

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.

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Related Topix: Corporate / Securities Law, Law

8 hrs ago | Hispanic Business

Securities and Exchange Commission of Pakistan building efficient...

Quote SECP is striving to establish a comprehensive Islamic financial system to cater for the needs people which are not inclined to use conventional financial products, a top government official said Saturday. Today, the Islamic financial industry has expanded beyond the traditional borders of the Islamic world into the major industrial economies to become an integral component of the global financial system, said Chairman SECP Tahir Mehmood.

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Related Topix: Corporate / Securities Law, Law

Mon Sep 15, 2014

AmericanBankingNews.com

Republic Services major shareholder Acquires $4,322,427 in Stock

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.

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Related Topix: Waste Management, Republic Services, Environmental, Corporate / Securities Law, Law

jdsupra.com

CFTC grants relief to commodity pool operators selling securities...

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.

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Related Topix: Corporate / Securities Law, Law, Marketing

InvestmentNews

SEC moves closer to decision on and#8220;nontransparentand#8221; active ETFs

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.

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Related Topix: Corporate / Securities Law, Law

Business Journal

Brown & Brown plans debt issue

Brown & Brown plans to issue senior notes, using at least some of the proceeds to pay off existing debt.

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

CFO

SEC Yields on One Aspect of Revenue Recognition Adoption

"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.

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

BayStreet.ca

MDHI Files with 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.

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Related Topix: Corporate / Securities Law, Law, King of Prussia, PA

JD Supra

SEC Enforcement Initiative to Root Out Repeated Late Filers of...

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.

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

Business Journal

Bankrate CFO resigns amid SEC investigation

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.

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Related Topix: Corporate / Securities Law, Media, Law, InsWeb, Bankrate, Computers, Corporate Governance

Business Journal

Bankrate CFO resigns amid SEC investigation

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.

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Related Topix: Media, InsWeb, Bankrate, Computers, Corporate / Securities Law, Law, Corporate Governance

Bangkok Post

SME stock trading to begin in Q4

A stock-trading board for shares of small and medium-sized enterprises will be launched in the fourth quarter, with settlement to be made only in cash. The Securities and Exchange Commission and the Stock Exchange of Thailand are discussing rules for the new SME board, said SEC secretary general Vorapol Socatiyanurak.

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Related Topix: Corporate / Securities Law, Law

Sun Sep 14, 2014

Investopedia

The Uptick Rule Debate

There has been a lot of discussion about the uptick rule and whether it should be a part of the financial markets. First instituted by the Securities and Exchange Commission in 1938 as Rule 10a-1, the uptick rule prevents securities from being consecutively short sold without the stock trading higher at least once between short selling orders.

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Related Topix: Corporate / Securities Law, Law, Financial Markets, Home, Mortgage, Personal Finance

Sat Sep 13, 2014

KDWN

HSBC paying $550M to resolve mortgage bond claims

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.

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Related Topix: Home, Mortgage, Personal Finance, Financial Services, Fannie Mae, Goldman Sachs, Investment Services, Corporate / Securities Law, Law

Truthdig

Shareholders' Quest for More Transparency

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.

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Related Topix: Corporate / Securities Law, Law, US News, Liberal Political News

China Daily

Alibaba roadshow bodes well for record-breaking IPO

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.

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Related Topix: Alibaba, Internet, World News, Science / Technology, China, Asia, Corporate / Securities Law, US Securities and Exchange Commission, Law, Financial Services

Investor's Business Daily

WhiteWave Foods Announces Pricing of $500 million of 5.375% Senior...

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.

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Related Topix: Corporate / Securities Law, Law

NewsTalk 1530 KFBK

Hewlett-Packard Pleads Guilty to Bribery

Hewlett-Packard has pleaded guilty to felony charges that former employees bribed Russian government officials for a contract, and the company has been fined $58.7 million. The Securities and Exchange Commission says HP's Russian subsidiary admitted violating the Foreign Corrupt Practices Act in a Northern California court Thursday.

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Related Topix: Hewlett Packard, HP, Hewlett-Packard, Computers, Corporate / Securities Law, Law

Fri Sep 12, 2014

Wall Street Journal

To Be Clear, SEC Reviewers Want Filings in Plain English, Period

The Securities and Exchange Commission headquarters in Washington, where lawyers and accountants review several thousand of the more than half-million documents that companies file with the agency every year. After combing through a 19,974-word filing for a securities offering, Securities and Exchange Commission senior counsel Catherine Gordon had some guidance for the company that drafted it.

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Related Topix: Corporate / Securities Law, Law

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