Through Philippines unit, freight-shipper is alleged to have improperly paid off officials for various business purposes.Read full story
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Topix SEC NewsFederal regulators Wednesday proposed a plan to allow public companies to begin using international accounting standards for reporting financial results in two years, and may require them to do so starting in …Read full story
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Topix SEC NewsThe venture capital fund of computer maker Michael Dell has increased its stake in Tulsa-based SemGroup Energy Partners, according to filings with the Securities and Exchange Commission.Read full story
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Topix SEC NewsBy Gbenga Agbana, Helen Oji and Mathias Okwe P ROSPECTIVE investors in the nation’s financial sector may have to contend with additional conditions to secure a banking licence, as the Central Bank of Nigeria …Read full story
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FMR LLC , the parent of Fidelity Investments , held more than $1.5 billion in the common stock of Freddie Mac and Fannie Mae before their shares plunged in recent weeks, leaving the mutual fund giant with large …Read full story
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Revisit the latest Notices, compliance resources and news from August 2008. Hosts: Michelle Volpe-Kohler and Kenneth Edward Piner. Producer: Kenneth Edward Piner.Read full story
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Tokyo, Aug 27, 2008 - - TDK Corporation filed its Form 20-F with the U.S. Securities and Exchange Commission July 29, 2008.Read full story
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NEW YORK : The U.S. Securities and Exchange Commission moved Wednesday to allow some large American companies to begin using international accounting standards as early as next year and to require all American …Read full story
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Federal regulators on Wednesday proposed a plan to allow public companies to begin using international accounting standards for reporting financial results in two years, and may require them to do so starting …Read full story
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Topix SEC NewsThe federal public defender for South Carolina will handle the court appeal of Al Parish, the former college professor convicted of bilking hundreds of investors out of $66 million.Read full story
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U.S. federal prosecutors asked securities regulators to delay a civil case against two former Bear Stearns hedge fund managers while they hold grand jury hearings in building a criminal case against the pair.Read full story
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Topix SEC NewsThe National Association of Insurance and Financial Advisors said that it will oppose the Securities and Exchange Commission’s proposal to regulate certain indexed annuities as securities.Read full story
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Oracle founder Larry Ellison, a longtime fixture on the list of the world’s richest people, is now ensconced atop The Associated Press’ rankings of the top-paid chief executives in the United States.Read full story
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Topix SEC NewsThe three-member panel looking into the alleged bribery scandal in the Court of Appeals has extended its probe to allow Camilo Sabio, chair of the Presidential Commission on Good Government , who is abroad on …Read full story
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O. Bruton Smith, and its President and Chief Strategic Officer, Mr. B. Scott Smith, have each terminated their respective written trading plans that were previously established in March 2008 in accordance with …Read full story
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Arrowhead Research Corporation announced today that it sold 2.5 million units consisting of common stock and common stock purchase warrants in a registered direct offering to investors, the large majority of …Read full story
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This podcast, the audio version of a FINRA webcast, discusses private and public securities offerings that do not require registration under federal securities laws. Host: Paul Mathews; Producer: Kenneth Edward Piner.Read full story
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Hungarian Telephone and Cable Corp. August 19, 2008 11:00 am ET Executives Andrea Costa [ph] - ‘ IR Martin Lea - ‘ CEO Robert Bowker - ‘ CFO Analysts Michael Garone [ph] - ‘ Credit Suisse Mitch Reznick - ‘ …Read full story
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Topix SEC NewsWASHINGTON — In the realm of quarterly filings, David Blaszkowsky takes the long view.Read full story
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Topix SEC NewsNEW YORK Here’s something you don’t see much of in these challenging times: A once-hostile newspaper agitator turned newspaper champion.Read full story
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Topix SEC NewsGuarding the boss seems to be of the utmost importance these days. America’s largest corporations are paying millions of dollars a year to protect their C-level talent, particularly the CEO.Read full story
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Topix SEC NewsLACEY — The owners of the Oyster Creek nuclear power station, now in the middle of a contentious relicensing battle, may close the plant if the government requires the installation of cooling towers, a company …Read full story
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Topix SEC NewsLarry Ellison has risen to the top of the list of CEO pay. Never shy about flaunting his estimated $25 billion fortune, Ellison established himself as the best-paid CEO among major U.S. companies by persuading …Read full story
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Topix SEC NewsAssociated Press - August 21, 2008 3:15 PM ET OMAHA, Neb. - Documents show tht Vin Gupta’s decision to step down as chief executive for database provider InfoGroup Inc.Read full story
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Deutsche Bank, Goldman Sachs, and Merrill Lynch, have undertaken to buy back up to $14.5 billion of auction-rate securities, and pay $162 million in fines, to avoid prosecution for failing to fully inform …Read full story
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Securities and Exchange Commission chairman Christopher Cox said yesterday that state and federal regulators made it a top priority to investigate major firms’ sales of auction-rate securities to retail …Read full story
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Topix SEC NewsMerrill Lynch & Co Inc has struck a tentative deal with U.S. securities regulators to buy back up $7 billion in auction-rate securities, the latest in a series of pacts between banks and regulators over the …Read full story
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A tough-sounding Chairman Cox says that “over a dozen pending investigations” should result in action “very, very quickly.” Stephen Taub CFO.com US The Securities and Exchange Commission’s investigation into …Read full story
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Topix SEC NewsU.S. Securities and Exchange Commission Chairman Christopher Cox said his agency will propose new rules aimed at curtailing manipulative short sales of stocks in the “next few weeks.” “Our proposals will be …Read full story
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The Regional Bond Dealers Association is pushing state and federal regulators to force the major banks and broker-dealers that underwrote auction-rate securities to provide relief to all investors who purchased …Read full story
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Securities and Exchange Commission Chairman Christopher L. Cox said investigations into the February collapse of the $330 billion auction rate securities market go beyond the banks that created the investment …Read full story
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Alabama is enlisting some high-powered help in its battle against financial crime.Read full story
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Topix SEC NewsNancy Heinen, the former top Apple lawyer caught up in the company’s long-running backdating investigation, has agreed to pay over $2 million in a settlement with the SEC.Read full story
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Odyne Corporation , a leading developer of advanced Plug-In Hybrid Electric Vehicle Technology, today reported its Second Quarter 10-Q financial results and updated its financial and strategic outlook.Read full story
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Billionaire investor Warren Buffett’s holding company revealed a new investment in power wholesaler NRG Energy Inc.Read full story
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Topix SEC NewsBATS Trading Inc. has approval from the Securities and Exchange Commission to operate as a registered national securities exchange.Read full story
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This podcast is the second in a two-part series on improving examination results. Hosts: Ornella Bergeron and Patrick Tominey. Producer: Kenneth Edward Piner.Read full story
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Topix SEC NewsTeam Financial Inc. expects to report a $7 million loss for the second quarter but won’t file the report on time, the banking company said this morning.The bank holding company for TeamBank attributed the …Read full story
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Topix SEC NewsNiwot-based Crocs Inc. on Tuesday notified the Securities and Exchange Commission that it won’t be able to file its quarterly financial report on time.Read full story
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Topix SEC NewsWachovia has become the latest US bank to agree to buy back billions of dollars of tainted auction rate securities that it sold before a market collapse in February, US officials announced Friday.Read full story
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Topix SEC NewsT HE Central Securities Clearing System Limited has been appointed as the country’s National Numbering Agency by the Securities and Exchange Commission .Read full story
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The Securities and Exchange Commission’s Division of Enforcement today announced that investors, small businesses, and charities who purchased auction rate securities through Wachovia Securities, LLC and …Read full story
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A series of audio CDs intended to depict audit partners as “thought leaders” ends up costing the firm a hefty fine instead.Read full story
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Topix SEC NewsA government order expired Tuesday that temporarily banned a certain kind of short-selling of the stocks of mortgage finance companies Fannie Mae and Freddie Mac and 17 large investment banks.Read full story
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Topix SEC NewsJPMorgan Chase & Co. shares tumbled nearly 10 percent Tuesday as the bank’s disclosure about escalating losses in its mortgage portfolio set off new concerns about the health of the overall financial sector.Read full story
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By YAMIL BERARD Residents of Colleyville and Coppell have been charged with securities fraud in a ‘pump-and-dump’ scheme involving a device widely promoted as a critical breakthrough in the war on …Read full story
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Topix SEC NewsMorgan Keegan & Company, Inc. Mike Salinsky - RBC Michelle Ko - UBS Presentation Operator Good day every one and welcome to the Hospitality Properties Trust Second Quarter 2008 Earnings Results Conference Call.Read full story
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This podcast is the first in a two-part series on improving examination results. Hosts: Ornella Bergeron and Patrick Tominey. Producer: Kenneth Edward Piner.Read full story
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Under the proposed terms of the tender offer, SRS will invite stockholders to tender their shares at prices specified by the stockholders within a range of prices that will be described in the offer materials.Read full story
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Topix SEC NewsBecause the Company has not filed its second quarter financial statements with the Securities and Exchange Commission, accounting rules require that drilling costs incurred through June 30 be included in the …Read full story
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The hedge fund industry faces growing opposition to its efforts to hold back restrictions on naked short selling.Read full story
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The Securities and Exchange Commission on Monday charged Chicago-based Wextrust Capital LLC and its affiliates with fraud, alleging that the company ran a Ponzi scheme that raised at least $255 million by …Read full story
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Wachovia Corp increased its previously reported second-quarter loss to $9.11 billion to cover costs to settle a probe of auction-rate securities sales, and said it will cut more jobs as the housing market …Read full story
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Topix SEC NewsIn this May 9, 2008 file photo, a pedestrian walks past the Citigroup Center building in New York…. In this May 9, 2008 file photo, a pedestrian walks past the Citigroup Center building in New York.Read full story
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Topix SEC NewsBank of America Corp. revealed Thursday that it has received subpoenas and requests for information from various state and federal regulators regarding its sale of auction-rate securities.Read full story
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Topix SEC NewsBy MICHAEL LIEDTKE The Associated Press Thursday, August 7, 2008; 8:31 PM SAN FRANCISCO — In an assessment that could lead to a substantial charge against its future profits, Google Inc.Read full story
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Douglas Kiker, 212-521-4855 Perini Corporation , a leading building, civil construction and construction management company, announced today that its 2008 annual meeting will take place at 10:00 a.m., local …Read full story
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Topix SEC NewsRio Tinto noted that it’s still studying whether to list Cloud Peak or pursue a different form of divestment.Read full story
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The company said it intends to use the proceeds for acquisition purposes or to repay debt.Read full story
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Last week the SEC said it will release new guidelines concerning its fair disclosure rules, which seek to ensure that material information by public companies is widely distributed as soon as is released.Read full story
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A former Kingsport MetLife broker allegedly stole approximately $6 million from MetLife customer accounts and invested the money in various real estate ventures, according to a lawsuit recently filed by the …Read full story
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EchoStar Corp., which sells set-top boxes and provides satellite television services to Dish Network, reported Monday that it swung to a profit in the second quarter on a 46 percent rise in sales.Read full story
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VIVUS, Inc. , a pharmaceutical company dedicated to the development and commercialization of novel therapeutic products, today announced that it has entered into definitive agreements dated August 5, 2008 with …Read full story
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Revisit the latest Notices, compliance resources and news from July 2008. Hosts: Michelle Volpe-Kohler and Kenneth Edward Piner. Producer: Kenneth Edward Piner.Read full story
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The Managed Funds Association and the Coalition of Private Investment Companies, both of Washington, yesterday expressed concern about the Securities and Exchange Commission’s extension of a ban on “naked short …Read full story
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Topix SEC NewsA federal investigation into financial irregularities at one of the most prestigious publishers of investment newsletters is nearing completion, and any settlement could have a substantial effect on the …Read full story
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Topix SEC NewsFor more than a decade, Bresler & Reiner filed annual reports with the U.S. Securities and Exchange Commission.Read full story
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The Securities and Exchange Commission has filed a complaint accusing five men including a Florida pastor of selling $5.1 million in securities that didn’t exist.Read full story
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The US regulator has called on standard setters to change their approach in the design of accounting rules after criticising standards whose objectives are sometimes ‘obscured by dense language, detailed rules, …Read full story
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WASHINGTON : The former chief executive of Refco Inc. on Wednesday agreed to a civil settlement with federal regulators that bars him from being an officer or director of any public company.Read full story
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NEW YORK : Shares of Biogen Idec Inc. and Elan Corp. PLC plunged after-hours Thursday after the companies reported two cases of a brain disease in patients treated with their multiple sclerosis drug Tysabri.Read full story
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Topix SEC NewsBetween 30 and 40 jobs will be lost at the PolyOne Corp. plant on Walker Road between now and March 2009 as the company restructures to address increased material costs and deteriorating markets for its …Read full story
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Topix SEC NewsFor several years, Sun CEO, Jonathan Schwartz has lobbied the SEC to allow disclosure of financial information through corporate blogs.Read full story
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Topix SEC NewsCitigroup Inc. said Friday the Securities and Exchange Commission and other regulators have subpoenaed information from the bank about the sale of its auction rate securities.Read full story
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