Corporate / Securities Law News

The possessions of a former North Carolina financier have drawn big bids at an auction.

The U.S. Securities and Exchange Commission may be investigating investment managers more these days, but regulators still don't understand the business enough to stop future scandals, a New York whistle-blower for a 2003 mutual fund skimming scandal said Wednesday in San Antonio.

Shares of Archipelago Learning are rising Friday after its initial public offering priced near the top of its expected range, raising $103.1 million.

Seven people accused of being involved in a massive real estate fraud scheme that bilked victims a ' including some in Tucson a ' out of $140 million were charged Thursday with numerous felonies in Riverside County, Calif.

The Securities and Exchange Commission must tighten its process for deciding which investment advisers to inspect if it is to avoid colossal breakdowns like the one that allowed Bernard Madoff's multibillion-dollar fraud to go undetected for 16 years, the agency's inspector general says.

Cigarette maker Lorillard Inc. has begun seeking a successor to Chief Executive Martin L. Orlowsky, whose contract expires next year, the company said in a regulatory filing Thursday.

A man accused of bilking thousands of Haitian-Americans of millions in an investment scam where he promised to create a "nation of Haitian millionaires" must pay civil penalties for the alleged Ponzi scheme.

The Financial Industry Regulatory Authority is expanding its BrokerCheck service to permanently include information on final regulatory actions brought against brokers who have left the industry.

Officials with Venture Financial Group, the former bank-holding company for Venture Bank, said Tuesday in a federal filing that they won't file financial data for the third quarter of the year.

The Securities and Exchange Commission subpoenaed former state Investment Officer Gary Bland to testify earlier this year as part of an investigation into public investment funds.

Jewels, art, cars and more than 150 bottles of fine wine will be auctioned off in North Carolina's capital city to help recoup nearly $70 million in losses for investors duped in an alleged Ponzi scheme.

A former sales executive of Tvia was charged Tuesday by the Securities and Exchange Commission with hiding side agreements that inflated the earnings of the Santa Clara semiconductor company for nearly two years.

Brokers' disciplinary records will be available online to the public even if they leave the securities industry, a regulatory organization said Tuesday.

Attorney General Eric Holder says the new group will have a broader scope - and incorporate state investigators as well as federal agencies - to investigate and prosecute financial crimes that worsened the market collapse.

Gov. Charlie Crist and two Cabinet members who sit on a panel that invests state money chastised their top staffer for failing to keep them updated on a Securities and Exchange Commission investigation.

Eight federal regulatory agencies today released a final model privacy notice form that will make it easier for consumers to understand how financial institutions collect and share information about consumers.

Faced with the prospect of losing key oversight powers, members of the House Agriculture Committee and regulators Tuesday blasted an Obama administration proposal to overhaul financial rules.

Boots & Coots, Inc. , today announced that the Company has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission .

Radient Pharmaceuticals Corporation , a US-based pharmaceutical company, announced today it has filed a Notification of Late Filing under Rule 12b-25 of the Securities Exchange Act of 1934, as amended, with the Securities and Exchange Commission for its Quarterly Report on Form 10-Q for the third quarter ended September 30, 2009.

The Securities and Exchange Commission on Monday accused four people and two companies of perpetrating a $30 million Ponzi scheme in which they persuaded more than 300 investors nationwide to participate in purported environmentally friendly investment opportunities.