securities and exchange commission

SEC charges Illinois man in social-media scam

Topix - Business News  Wed, 01/04/2012 - 18:47

A Lyons, Ill., man tried to sell more than $500 billion in bogus securities through various social media sites, including LinkedIn , the U.S.

Securities and Exchange Commission charged Wednesday.


 

After-Hours Movers 12/29: (LNG) Higher; (AMR) (FPP) (SMA) (DCTH)...

StreetInsider.com News Articles  Thu, 12/29/2011 - 17:03

AMR (NYSE: AMR) 37% LOWER; NYSE announces to suspend trading in AMR. FieldPoint Petroleum Corp. (AMEX: FPP) 2% LOWER; filed a registration with the U.S.

Securities and Exchange Commission to sell, from time to time, up to 7,983,175 shares of Common Stock on behalf of Selling Shareholders.

Symmetry Medical Inc. (NYSE: SMA) 1.6% LOWER; announced today that it has closed the previously announced acquisition of the surgical instruments business of Codman & Shurtleff, Inc., a Johnson & Johnson company (NYSE: JNJ).


 

SEC requiring coal firms to report safety problems

Newsvine - business  Fri, 12/23/2011 - 11:20

A lawyer suing the former Massey Energy Co. says investors might have made better decisions about putting money into the coal company had it been required to report safety violations to the U.S.

Securities and Exchange Commission before last year's Upper Big Branch mine disaster that killed 29 miners.


 

Video: SEC Outlines Fannie, Freddie Charges

Topix - Business News  Fri, 12/16/2011 - 15:31

The Securities and Exchange Commission has charged six former top executives at Fannie Mae and Freddie Mac with civil fraud, saying they misled the government and taxpayers about risky subprime mortgages the mortgage giants held during the housing bust.


 

After-Hours Movers 12/05: (NATH) (THOR) (PBY) (VRX) Higher; (NS)...

StreetInsider.com News Articles  Mon, 12/05/2011 - 17:05

Nathan's (Nasdaq: NATH) 10% HIGHER; to commence dutch tender offer to buyback 500,000 shares at $20-$22/share. Click here to see the full report.

NuStar Energy LP (NYSE: NS) 4.6% LOWER; will offer up to 5.25 million common units. The company said William Greehey will sell 185,000 units.

Sinocoking Coal & Chemical Industries, Inc.


 

Wall Street’s Repeat Fraud Violations, Despite Promises

Digg - Business & Finance  Mon, 12/05/2011 - 06:37

Many big Wall Street firms have settled fraud cases brought by the government with a promise to never violate the same law.

But an analysis of Securities and Exchange Commission documents by The New York Times found that since 1996, there have been at least 51 repeat violations by those firms.

Bank of America and Citigroup have each had six repeat violations, while Merrill Lynch and UBS have each had five.


 

Financial Finger-Pointing Turns to Regulators

NYT > Business  Tue, 11/22/2011 - 23:36

In the whodunit of the financial crisis, the latest defense, surfacing in a fraud case filed by the Securities and Exchange Commission, is that federal regulators are to blame.


 

After-Hours Movers 10/03: (SOMX) (KCI) (ANH) Higher; (FIG) Lower

StreetInsider.com News Articles  Mon, 10/03/2011 - 15:56

Somaxon Pharmaceuticals, Inc. (Nasdaq: SOMX) 37% HIGHER; recently had a meeting with the U.S. FDA relating to the over-the-counter (OTC) development program for Silenor.

In the meeting, which Somaxon attended jointly with its Silenor partner Procter & Gamble (NYSE: PG), the FDA provided clinical and regulatory guidance that the company believes provides a clear path forward toward an OTC version of Silenor.

Fortress Investment Group LLC (NYSE: FIG) 5% LOWER; filed a registration with the U.S.


 

Feds investigating Motorola Solutions for alleged bribery

Digg - Business & Finance  Mon, 09/26/2011 - 18:33

The U.S. Department of Justice and the Securities and Exchange Commission are investigating Motorola Solutions on suspicion of bribery.