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Securities and Exchange Commission News

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

1 hr ago | Atlanta Business Chronicle

SEC charges former Beazer Homes USA executive

The Securities and Exchange Commission on Wednesday charged the former chief accounting officer of Beazer Homes USA Inc.

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Related Topix: Beazer Homes USA, Construction, Corporate / Securities Law, Law

6 hrs ago | Clover Herald

Warren Buffett makes gifts to charity worth $1.53B

Billionaire Warren Buffett has donated $1.25 billion in Berkshire Hathaway Inc. stock to the Bill & Melinda Gates Foundation.

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Related Topix: Warren Buffett, Construction, Berkshire Hathaway, Insurance, Investment Services, Charitable Organizations, Corporate / Securities Law, Law

10 hrs ago | ComputerWorld

Mystery bidder forces Micro Focus to raise offer for Borland

Micro Focus International raised its offer for Borland Software to $US1.50 per share on Tuesday, up from $US1 in early May, to counter a rival offer from a mystery bidder.

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Related Topix: Borland Software, Software, Startups, Micro Focus International, Corporate / Securities Law, Law

15 hrs ago | WBBM-AM Chicago

Webio David Hernandez makes court appearance

Businessman and alleged Ponzi schemer David Hernandez appeared in a Downstate court Monday morning following his recent arrest on fraud charges.

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Related Topix: Corporate / Securities Law, Law, Financial Services

19 hrs ago | JewishTucson

Victims' Anger Shifts Past Madoff

After hailing Bernard Madoff's 150-year prison sentence, some of his former investment clients intensified criticism of what they termed an equally tough adversary -- the government systems charged with stopping financial scam artists and reimbursing its victims.

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Related Topix: Bernie Madoff, Corporate / Securities Law, Law, Insurance

Fri Jul 03, 2009

The Age

Fight over Stanford assets in UK

R. Allen Stanford's liquidators from Antigua were awarded control of 120 million pounds in UK assets seized in a fraud probe in a London court battle with US receivers.

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Related Topix: Corporate / Securities Law, Law

Sunherald.com

Pension adviser settles NY kickback probe for $2M

The Pacific Corporate Group, a company that helps big government pension funds decide how to invest their money, has agreed to pay $2 million to extract itself from a corruption investigation in New York.

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Related Topix: Pension, Personal Finance, Criminal Defense Law, Law, Corporate / Securities Law, Retirement

CBC News

'100 Huntley Street' says church money not used in alleged Ponzi scheme

The Canadian ministry behind "100 Huntley Street" said Thursday that church money was not misappropriated by two of the TV show's hosts who have been suspended over alleged links to a US$14.1-million Ponzi scheme.

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Related Topix: Corporate / Securities Law, Law, Financial Services, Canada, Entertainment

2NEWS.TV

Judge OKs continued freezing of financier's assets

A federal judge has granted the Securities and Exchange Commission's request to continue freezing the assets of a California financier charged in a fraud case involving hundreds of millions of dollars.

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Related Topix: Corporate / Securities Law, Law

Leader Post

Regina businessman charged in civil fraud action by SEC

REGINA a ' A Regina businessman and former Regina businessman have been charged by the U.S. Securities and Exchange Commission with securities fraud for "dissemination of materially false and misleading press releases.'' Troy K. Metz of Regina and Dallas L. Robinson, formerly of Regina, were named in a civil fraud action filed by the SEC in U.S.

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Related Topix: Corporate / Securities Law, Law, Financial Services

San Gabriel Valley Tribune

Another View: Sentence no substitute for a stronger SEC

WITH a 150-year prison sentence, Bernard Madoff got what he had coming to him - and certainly more than enough to guarantee that the 71-year-old master swindler will die in prison, not in the Hamptons.

1 comment

Related Topix: Corporate / Securities Law, Law, Bernie Madoff

Thu Jul 02, 2009

South Asian Media Net

Grameenphone IPO finally gets SEC nod

DHAKA: Grameenphone, the countrya s largest mobile phone operator, on Thursday received approval from the Securities and Exchange Commission for floating its initial public offerings.

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Related Topix: Corporate / Securities Law, Law, Bangladesh, World News, Asia

WFMY 2 Greensboro

Circuit City Completes Sale Of Canadian Assets

Electronics retailer Circuit City, which closed all its U.S. stores, has sold its Canadian stores to telecommunications company Bell Canada.

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Related Topix: Financial Services, Corporate / Securities Law, Law

The Daily Star

SEC takes action against 28 defaulter companies

Share trading of 28 laggard companies has been suspended from today for an indefinite period by the stock market regulator.

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Related Topix: Corporate / Securities Law, Law, Bangladesh, World News, Asia

Freshnews

Spectrum Pharmaceuticals to Raise $21 Million from Institutional Investors at $7.1525 Per Share

Spectrum Pharmaceuticals, Inc. , a commercial-stage biotechnology company with a focus in oncology, today announced that it has received commitments from institutional investors to purchase $21 million of securities in a registered direct offering.

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Related Topix: Biotech, Medicine, Spectrum Pharmaceuticals, Healthcare Industry, Investment Banking, Financial Services, Corporate / Securities Law, Law

Clackamasreview.com

SEC lawyer raised alarm about Madoff: report

A U.S. Securities and Exchange Commission lawyer warned about irregularities at Bernard Madoff's financial management firm as far back as 2004, The Washington Post reported on Thursday, citing agency documents and sources familiar with the investigation.

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Related Topix: Corporate / Securities Law, Law, Financial Services, Bernie Madoff

Wed Jul 01, 2009

The Huffington Post

Robert Scheer: The Root of Madoff's Evil

How convenient for the judge and the media to paint Bernard Madoff as Mr. Evil, a uniquely venal blight on an otherwise responsible financial industry in which money is handled honestly and with transparency.

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Related Topix: Bernie Madoff, Corporate / Securities Law, Law

The Globe and Mail

Former Stanford CFO makes plea deal

Former Stanford CFO to plead guilty Texas billionaire Allen Stanford arrives at the Federal courthouse in Houston, in the custody of US marshalls, June 25, 2009.

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Related Topix: Texas, Prison, Criminal Defense Law, Law, Corporate / Securities Law

The Macon Telegraph

Criminal charges filed against Beazer Homes

Federal prosecutors in North Carolina have filed criminal fraud conspiracy charges against Beazer Homes USA.

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Related Topix: Construction, Beazer Homes USA, Corporate / Securities Law, Law

The Plain Dealer

Continue reading "SEC gives shareholders a vote on executive pay at bailed-out companies"

The Securities and Exchange Commission today unanimously approved rules requiring greater transparency for executive compensation at bailed-out firms and all public companies.

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Related Topix: Corporate / Securities Law, Law, Corporate Governance

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