FINRA staff discuss the process for announcing approval of rules and their effective dates as they are incorporated into the FINRA Rulebook. Hosts: Adam Arkel and Matt Vitek; Producer: Kenneth Edward Piner.Read full story
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Topix SEC NewsSecurities and Exchange Commission The Securities and Exchange Commission brought its second-highest number of enforcement actions in its history in the fiscal year that ended Sept.Read full story
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Topix SEC NewsHolders of the existing debentures currently have the right to put them to Fleetwood at par on December 15, 2008.Read full story
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A Kentucky oilman with millions in civil judgments against him has agreed to stop selling oil and gas securities after reaching a deal with the Securities and Exchange Commission.Read full story
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Whittle had earlier announced his plans to retire from the Greenville-based bank holding company.Read full story
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Topix SEC NewsEven as markets plunge amid a crisis of confidence, Wall Street officials argued on Tuesday that the world’s financial institutions need a new and different kind of regulation, rather than more of it.Read full story
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This podcast, an audio version of a FINRA webcast, focuses on structured products and the features in these products that may not be easily understood by registered representatives. Host: Nileema Pargaonker; Producer: Kenneth Edward Piner.Read full story
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An audio recording of FINRA CEO Mary Schapiro’s speech at the 2008 Fall Securities Conference. Producer: Kenneth Edward Piner.Read full story
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Topix SEC NewsFormer Federal Reserve Chairman Alan Greenspan said Thursday the current financial crisis is a “once-in-a-century credit tsunami” which will have a severe impact on the U.S. economy, driving unemployment …Read full story
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The Securities and Exchange Commission said that that the second-highest number of enforcement actions in agency history took place in fiscal year 2008.Read full story
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Topix SEC NewsSenator Charles Grassley is seeking information on the Bear Stearns deal. The Iowa Republican wants to know whether a top Securities and Exchange Commission official gave sensitive information to a former …Read full story
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The fake Internet report posted to CNN’s iReport site earlier this month claiming Apple CEO Steve Jobs had suffered a heart attack was posted by a teenager who doesn’t appear to have posted it to manipulate the …Read full story
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A U.S. Securities and Exchange Commission investigation into a false report that Apple CEO Steve Jobs had a heart attack has been focusing on an 18 year old boy.Read full story
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Topix SEC NewsThe Securities and Exchange Commission needs to modernize its financial disclosure systems to help restore confidence in the financial markets, according to agency officials and experts.Read full story
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The uncertainty in the ongoing credit crisis demonstrates the need for more transparency of financial information for investors and the public, said Christopher Cox, chairman of the Securities and Exchange …Read full story
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Topix SEC NewsThe American Bankers Association has said fair value rules for illiquid markets are still not working, despite standard-setters’ guidance.Read full story
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Topix SEC NewsACME Communications, Inc. announced today that it has notified the Nasdaq Stock Market of its intent to voluntarily delist its common stock from the Nasdaq Global Market, and that it intends to voluntarily …Read full story
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Topix SEC NewsInformation on credit default swap trades and dealers’ positions would help securities regulators enforce anti-fraud and anti-manipulation rules, a top U.S. Securities and Exchange Commission official said on …Read full story
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Topix SEC NewsThe Securities and Exchange Commission today charged Norman Hsu and his company Next Components with operating a $60 million Ponzi scheme that allegedly used investor funds to compensate sales agents, make …Read full story
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Topix SEC NewsLocal brokers argue that plans to liberalise the securities sector should be shelved in light of the global financial crisis.Read full story
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Current revenue recognition accounting principles continue to place unnecessary challenges on small and medium-sized biotechnology companies who enter into collaborative arrangements, according to an …Read full story
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Topix SEC NewsRegulatory News: Wavecom was informed yesterday that Gemalto filed an unsolicited offer to take control of Wavecom.Read full story
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Jack in the Box Inc. today said that it has reviewed the Oct. 3, 2008, press release of Western Sizzlin Corporation announcing its intent to offer an exchange of up to 680,500 shares of JBX stock for WEST …Read full story
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Topix SEC NewsA federal judge in Detroit has refused to dismiss civil charges against five people accused of financial fraud at Delphi Corp.Read full story
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Computerworld newsletters! The full depth of IT’s involvement in Wall Street’s meltdown is unknown, but one plan to stop it from happening again calls upon a growing IT trend: open source.Read full story
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Topix SEC NewsPoultry producer Sanderson Farms Inc. on Thursday said it filed a shelf registration with the Securities and Exchange Commission to sell up to $1 billion in stock, on terms to be determined, to potentially fund …Read full story
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Topix SEC NewsAn official at the Securities and Exchange Commission failed to properly enforce securities laws in the agency’s investigation of investment bank Bear Stearns’ valuation of complex securities, the agency’s …Read full story
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The restructuring follows the recently announced filing of Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934.Read full story
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Topix SEC NewsNearly three weeks ago, stock market regulators abruptly banned short sales of financial stocks to protect companies that had come under siege.Read full story
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The Securities and Exchange Commission today charged Beverly Hills, Calif.-based Lion Gate Capital, Inc.Read full story
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Topix SEC NewsThe SEC gave “preferential treatment” to Wall Street executive John Mack during an insider trading investigation three years ago because Mack was about to become CEO of the Morgan Stanley investment banking …Read full story
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Topix SEC NewsThe chairman of the Securities and Exchange Commission on Wednesday urged the U.S. Congress to act now to provide oversight of the fast growing $55 trillion credit default swap market.Read full story
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Topix SEC NewsDuane Reade Inc.’s former chief executive and chief financial officer were indicted Thursday on charges of exaggerating the income of the metropolitan area’s largest drug store chain by millions of dollars.Read full story
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Topix SEC NewsThe U.S. Securities and Exchange Commission has launched an investigation into the false report that Apple CEO Steve Jobs suffered a heart attack.Read full story
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Topix SEC NewsCosmetics company Estee Lauder Cos. paid chief executive William P. Lauder US$9.1 million in total compensation for the financial year ended June 30, up 11 per cent from the year before, according to a …Read full story
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Topix SEC NewsAmericans, for the most part, will never know what happened to them, because they no longer have a free and responsible press.Read full story
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Topix SEC NewsU.S. Securities and Exchange Commission Chairman Christopher Cox ’s regulators stood by as shrinking capital ratios and growing subprime holdings led to the collapse of Bear Stearns Cos., according to an …Read full story
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Topix SEC NewsThe Securities and Exchange Commission is seeking comments from industry and the public about modernizing its system for disclosing financial information to be more interactive and streamlined.Read full story
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Revisit the latest Notices, compliance resources and news from September 2008. Hosts: Kenneth Edward Piner and Kristy Salsbury. Producer: Kenneth Edward Piner.Read full story
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Topix SEC NewsThe Wall Street financiers and firms whose problems have prompted a $700 billion federal bailout are no strangers to Capitol Hill or to politics.Read full story
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Topix SEC NewsUpdate: The Securities and Exchange Commission is investigating the citizen-journalist report of Steve Jobs’ alleged heart attack, following that report’s effect on Apple’s stock .Read full story
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Commission says they reaped nearly $275,000 by using insider information. Seven Central New York businessmen and golfing buddies have been accused of racking up nearly $275,000 in profits in one week from …Read full story
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Wells Fargo & Company issued the following statement today on its definitive agreement with Wachovia Corporation : “Wells Fargo and Wachovia have a firm, binding merger agreement.Read full story
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Topix SEC NewsApple’s shares plummeted following a citizen journalist’s report that CEO Steve Jobs suffered a heart attack.Read full story
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PRINCETON, N.J., Sept. 29 NJ-Covance-WuXi-deal PRINCETON, N.J. , /PRNewswire-FirstCall/ — Covance Inc.Read full story
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Concerns about IBM’s third quarter are popping up almost daily. The standard set of concerns revolves around technology spending and the willingness to pay IBM’s army of consultants fees for big bang projects …Read full story
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Topix SEC News“We have a good deal of comfort about the capital cushions at these firms at the moment.” - Christopher Cox, chairman of the Securities and Exchange Commission, March 11, 2008.Read full story
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The global crackdown on short selling has made volatile markets more erratic and may have exacerbated the recent plunge in financial stocks because of the disappearance of a key cushion: short covers.Read full story
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Criticism over the effectiveness of the Securities and Exchange Commission ban on short sales of more than 900 financial firms’ stocks intensified Thursday after the agency extended the emergency restriction.Read full story
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Topix SEC NewsA senior U.S. lawmaker is accusing the U.S. Securities and Exchange Commission of lax oversight that contributed to current market turmoil.Read full story
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Rarely have accounting standards generated so much attention as in the current financial crisis.Read full story
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Topix SEC NewsElias Antoun, 52, of San Jose, the former head of Genesis Microchip Inc., and his friend, Samir Abed, 54, of Thousand Oaks were named in a complaint filed by the U.S. Securities and Exchange Commission.Read full story
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Lobbyists for the $2-trillion U.S. hedge fund industry made a last-ditch effort yesterday to convince U.S. securities regulators to let an emergency order prohibiting short- selling in more than 950 financial …Read full story
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A Securities and Exchange Commission investigation into whether traders spread misinformation in a bid to drive down shares of financial firms focuses in part on a series of midsummer Wall Street rumors, …Read full story
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