Topix SEC NewsLINDA JONES, age 50, of Reynoldsville, Pennsylvania and LESLIE KNOX, age 62, of Red House, West Virginia pled guilty today before United States District Judge David N. Hurd in Utica, New York to causing false and misleading financial information and reports to be filed with the U.S. Securities and Exchange Commission .Read full […]
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The Securities and Exchange Commission’s internal watchdog has criticized the agency for approving a credit rating agency, even though it had suspicions about the accuracy of its financial information.Read full story
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Highlights are as follows: - Average annual production over 50,000 oz gold-equivalent - Low initial construction cost of US$14.8 million using a 10% contingency - Average life-of-mine cash operating cost of US$476 per oz gold - After-tax NPV of US$12.5 million, IRR of 27% and payback of 2.25 years based on a US$800 per ounce […]
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Topix SEC NewsWhen landing in white-collar trouble, it might sound like a solid defense to say you only did what the lawyers advised.Read full story
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New details about how Stanford allegedly bilked investors out of $7 billion were made public Thursday after James M. Davis, Stanford’s former chief financial officer, became the first person to plead guilty in the case.Read full story
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The first podcast in a three-part series on continuing membership applications, or CMAs, discusses what events might trigger a firm to file a CMA. Hosts: Lorraine Lee and Ann-Marie Mason; Producers: Jeffrey Lamoreaux and Kenneth Edward Piner.Read full story
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R.R. Donnelley & Sons Company today announced that it has priced an offering of $350 million aggregate principal amount of 8.60% Notes due 2016.Read full story
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Topix SEC NewsGoldman Sachs Group Inc. provides some of its biggest clients stock tips that come out of regular meetings held by analysts and traders at the investment bank, according to a Wall Street Journal report.Read full story
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The Securities and Exchange Commission and Bank of America Corp. on Monday defended the fairness of their proposed $33 million settlement over executive bonuses paid out by Merrill Lynch, seeking to satisfy a federal judge who has held up the accord to draw out more information.Read full story
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The Securities and Exchange Commission said today that it has settled insider-trading charges against three local residents who bought shares in First Indiana Corp.Read full story
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Topix SEC NewsA Toronto-based software company has raised its stake in Lenexa-based Mediware Information Systems Inc.Read full story
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FINRA staff discuss examples of registered representatives’ misconduct, as featured in the July issue of FINRA’s Quarterly Disciplinary Review. Hosts: Mike Rote and Jante Santos; Producer: Kenneth Edward Piner.Read full story
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A former financial adviser in R. Allen Stanford’s financial company told a U.S. Senate panel on Monday that the Securities and Exchange Commission was warned about the firm’s hawking of shady investments five years before it closed the firm and accused the Texas billionaire of running a Ponzi scheme.Read full story
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John Bravata, who has been charged with fraud in what the federal government says was a $50 million Ponzi scheme, went on the offensive Monday.Read full story
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Topix SEC NewsThe White House is fine with bailed-out insurer AIG’s decision to pay its new CEO $7 million a year.Read full story
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Wall Street’s top cop has a lot to prove and it’s been taking no prisoners. After enduring a thorough thrashing for its supervision of the now-defunct Bear Stearns and missing Bernard Madoff’s $65 billion fraud, the Securities and Exchange Commission has made a near-180 degree turn to crack down on financial fraud.Read full story
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Topix SEC NewsWill the SEC’s new and proposed rules to turn lawyers into whistle-blowers strain relations between finance executives and corporate counsel? Craig Schneider - CFO Magazine October 1, 2003 These days, executives have plenty of reasons to seek out the sage advice of corporate counsel.Read full story
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The attorney supposed to clean up what the government says was Texas businessman R. Allen Stanford’s multibillion-dollar Ponzi scheme is managing to anger just about every party involved in the case.Read full story
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The Securities and Exchange Commission has charged Connecticut-based heavy equipment maker Terex Corporation with accounting fraud for making material misstatements in its own financial reports to investors, as well as aiding and abetting a fraudulent accounting scheme at equipment leasing firm United Rentals, Inc.Read full story
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Topix SEC NewsIs the new cop on the U.S. securities beat armed with a pea shooter? The size of the penalties meted out by boss Mary Schapiro’s team at the Securities and Exchange Commission makes it appear so.Read full story
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Topix SEC NewsLetter from Robert P. Pinkas The U.S. Securities and Exchange Commission on Thursday charged Beachwood investment adviser Robert Pinkas and his firm, Brantley Capital Management, with securities fraud and overcharging investment fees over a three-year period.Read full story
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A foreign currencies trader accused of cheating investors in more than 20 states out of at least $18 million pleaded guilty at a hearing in Chattanooga as part of an agreement with federal prosecutors.Read full story
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Topix SEC NewsWarren Buffett’s company is defending the assumptions it makes to estimate the value of its derivatives even though they don’t fully account for the broad market losses experienced in the last two years.Read full story
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Topix SEC NewsThe CEO of National Semiconductor saw the value of his compensation package decline 36 percent in fiscal 2009, according to an Associated Press calculation of figures disclosed in a regulatory filing.Read full story
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Topix SEC NewsNEW YORK: Former AIG chief executive, Maurice “Hank” Greenberg, and five other defendants, have agreed to pay $115 million to settle a shareholder lawsuit, according to a person familiar with the matter.Read full story
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The U.S. Securities and Exchange Commission has told Arthur Samberg, a once powerful hedge fund manager, it plans to file civil insider trading charges against him and his firm, Pequot Capital Management.Read full story
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Topix SEC NewsThe regulator had requested information on the methods used by the company to value derivatives.Read full story
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This podcast includes a discussion of eight new FINRA rules that become effective on August 17, 2009. Hosts: Stan Macel and Matt Vitek; Producer: Kenneth Edward Piner.Read full story
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FiberNet Telecom Group, Inc. announced today that its Board of Directors has set September 9, 2009 as the date of a special meeting of FiberNet stockholders to vote on the proposed merger of FiberNet with Zayo Merger Sub, Inc., a wholly-owned subsidiary of Zayo Group, LLC.Read full story
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Topix SEC NewsTwo years ago State Street, which manages $1.6 trillion for investors, set aside $625 million to cover costs stemming from lawsuits by clients charging that the company misrepresented its investment strategy.Read full story
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Keefe, Bruyette & Woods is acting as the sole book-running managing underwriter of the offering.Read full story
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Options traders at Hazan Capital Management and TJM Proprietary Trading have been accused of incorrectly claiming to be exempt from rules requiring them to locate the stocks they had been shorting.Read full story
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BankAtlantic Bancorp, Inc. today announced that it intends to pursue a rights offering for up to $100 million of its Class A Common Stock.Read full story
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Revisit the latest Notices, compliance resources and news from July 2009. Hosts: Kenneth Edward Piner and Michelle Volpe-Kohler. Producer: Kenneth Edward Piner.Read full story
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Bank of America Corp. has agreed to pay a $33 million penalty to settle government charges that it misled investors about Merrill Lynch’s plans to pay bonuses to its employees, regulators said Monday.Read full story
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Money managers, brokers and their marketing agents that secured public investment business in New Mexico in recent years have given more than $640,000 to Gov.Read full story
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Topix SEC NewsU.S. Treasury Secretary Timothy Geithner blasted top U.S. regulators in an expletive-laden tirade amid frustration over President Barack Obama’s faltering plan to overhaul financial regulation, the Wall Street Journal said on Monday, citing people familiar with the meeting.Read full story
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A federal judge in Detroit must make some key decisions in the government’s civil fraud case against two suburban financial firms and their managers.Read full story
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ARIAD Pharmaceuticals, Inc. announced today that it has priced a public offering of 19,000,000 shares of its common stock at a price of $1.75 per share.Read full story
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Topix SEC NewsThe Tennessee Valley Authority raised its estimates for cleaning up a massive coal ash spill to $1.2 billion on Friday, and partly blamed its third-quarter loss of $167 million on that cleanup.Read full story
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Three directors resigned from Bank of America Corp.’s board this week, the Charlotte, N.C.-based bank said in a regulatory filing.Read full story
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New criminal charges have been filed against two former WexTrust Capital LLC executives accused of running a $255 million Ponzi scheme that targeted Orthodox Jews.Read full story
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Topix SEC NewsIn a filing Friday with the U.S. Securities and Exchange Commission, Austin-based Guaranty Financial Group, the bank’s parent company, said it probably can’t continue as a going concern and is looking for a potential buyer.Read full story
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Senior managers at two Detroit-area financial companies accused of a $53 million Ponzi scheme are likely to get some spending money.Read full story
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