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A new development related to the government's investigation of possible insider trading at a major hedge fund has raised questions in the case and caught the attention of two key senators.
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.
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.
The Securities and Exchange Commission said Tuesday it has charged former executives at semiconductor company Tvia Inc. with improperly inflating the company's revenue.
Federal regulators have accused four people and two companies of fraud in an alleged $30 million Ponzi scheme that lured 300 investors nationwide in purported eco-friendly investments.
Federal regulators may try to collect bonus money awarded to the top executive of Beazer Homes USA Inc. covering periods when the homebuilder restated financial results.
Measures that would significantly boost funding for the Securities and Exchange Commission as well as give shareholders a say on executive pay are included in draft financial overhaul legislation in the Senate, a person familiar with the matter said Monday.
Les Miles decided not to test the SEC's new get-tough policy regarding coaches criticizing officials.
Two top Florida Democrats want changes to the makeup of the board that oversees Florida's $130 billion investment portfolio now under scrutiny from the U.S. Securities and Exchange Commission.
The Florida agency that manages $132 billion in pension and local government investments is under investigation by the Securities and Exchange Commission.
Investment adviser Value Line Inc., its CEO and its former compliance chief have agreed to pay about $45 million to settle regulators' allegations the firm charged more than $24 million in bogus commissions on mutual fund trades.
Milwaukee-based Merge Healthcare Inc. and two former senior executives have settled charges by the Securities and Exchange Commission alleging accounting fraud that caused the company's stock to plummet by two-thirds in a seven-month period.
JPMorgan Chase & Co. has agreed to pay $75 million in fines and forfeit $647 million in fees to settle federal regulators' charges that it made unlawful payments to friends of public officials to win municipal bond business in Jefferson County, Ala.
Florida quarterback Tim Tebow broke Herschel Walker's Southeastern Conference record for rushing touchdowns Saturday.
The Securities and Exchange Commission filed a civil lawsuit alleging insider trading Friday against the former chief financial officer of a San Francisco private equity fund and six others.
As Bernard Madoff sat in jail a few months after pleading guilty to fraud, he sounded faintly boastful.
To help energy companies meet a requirement of providing more detailed information to investors when reporting oil and natural gas reserves, federal regulators issued new accounting guidelines Friday.
Publicly griping about officials in the Southeastern Conference just got a lot more costly for Lane Kiffin and the rest of the league's coaches.
Tennessee's Lane Kiffin and Mississippi State's Dan Mullen were reprimanded Monday by the Southeastern Conference for criticizing officials, raising the number of coaches to be scolded by the league for knocking game officiating to three in the last week.
Federal regulators on Thursday accused a real estate funds promoter and former brokerage executive with bilking mostly elderly investors of about $12 million by using "free lunch" seminars to lure them to invest.
New Kentucky coach John Calipari says the Wildcats could open his first season with three freshman starters.
The Southeastern Conference has suspended officials from last weekend's Arkansas-Florida game after the crew was involved in its second controversial call of the year.
Federal regulators are proposing tighter oversight for so-called "dark pools," trading systems that don't publicly provide price quotes and compete with major stock exchanges.
Truck and engine maker Navistar International Corp. said Monday its chief executive will return part of a 2004 bonus in connection with a settlement of a Securities and Exchange Commission investigation into the company's restatement of several years of previous financial results.
The Securities and Exchange Commission has asked for a jury to hear any triable issues related to its lawsuit against Bank of America Corp.
Boise BCS blocked - College Football - Rivals.com" Is it cowardice or collusion?"
Banks prepare for Plutocracy...SEC. 1103. PRUDENTIAL OVERSIGHT OF ACCOUNTING PRINCIPLES AND STANDARDS THAT POSE SYSTEMIC RISKS.
Goldman Sachs Defends Trading Practices: Dark Pools, Flash Trading, Short SellingIn a document handed to the US Securities and Exchange Commission (SEC), the investment bank asserts that such practices, some of which the SEC is looking to restrict, actually benefit investors by increasing competition and reducing costs.
If the men in 1998, would have listened and not discounted her as a mixed up Woman, Brooksley Born may have spared us the 2008 recession or at least limited its depths.
New York Fed's Secret Choice to Pay for Swaps Hits Taxpayers The deal contributed to the more than $14 billion that over 18 months was handed to Goldman Sachs, whose former chairman, Stephen Friedman, was chairman of the board of directors of the New York Fed when the decision was made.
Rachel Maddow, Eliot Spitzer Interview: Spitzer Discusses Financial Crisis And Past Escort Scandal (VIDEO)Spitzer had some pointed criticism for the way the Obama administration has been handling the bank bailouts.
Florida Coaches Have Confidence in Brantley"John is ready. I think if he were someplace else, he'd be the starter. We just happen to have a Heisman Trophy winner who is our starting quarterback.
CFTC and SEC Chairmen Issue Update on Harmonization ReportWashington, DC – The Chairmen of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) announced today that they anticipate, in two weeks, the two agencies will issue a report that will address key areas in which their regulatory sche …
Newegg Files For IPO - IT Channel - IT Channel News by CRNNewegg has filed for an initial public offering, according to documents filed with the U.S. Securities and Exchange Commission.
General McChrystal's Conundrum in AfghanistanIs the Afghan War already lost? Well, not quite, says the top U.S. commander in Afghanistan, but almost.
Geithner Open to Changes In Consumer Watchdog AgencyTreasury Secretary Timothy Geithner argued forcefully Wednesday for creating a government agency to protect financial consumers, while giving cautious support to paring back its scope.
Professors Warn Congress that Prompt Corrective Action (PCA) law is not being enforced and State Nulification Could ResultThe Obama administration is continuing the Bush administration policy of refusing to comply with the Prompt Corrective Action (PCA) law. Both administrations twisted a deeply flawed doctrine – "too big to fail" – into a policy enshrining crony capitalism.
The Hidden Soros Agenda: Drugs, Money, the Media, and Political PowerGuess what?...they are all in each others camp..what are they doing? trading power for money...buying and selling drugs....and then punishing us for the same thing...they are selling their souls and selling ours..
US Banks headed for Massive Trouble!The significance of the holding is that if MERS has no standing to foreclose, then nobody has standing to foreclose – on 60 million mortgages. That is the number of American mortgages currently reported to be held by MERS. Over half of all new U.S.
SEC Going to Trial Against Bank of America Corporation Over BonusesWASHINGTON (AP) -- The Securities and Exchange Commission said Monday it will go to trial against Bank of America Corp. over billions of dollars in bonuses paid at Merrill Lynch, which the bank acquired in a hastily arranged deal a year ago at the height of the financial crisis.
Merrill bonus case highlights how shareholders get fleecedLast year, for their skill at losing $27 billion and driving a storied 94-year-old securities firm to the brink of ruin, Merrill Lynch executives decided it was time to reward themselves and thousands of other employees with up to $5.8 billion in bonuses.
Lessons Unlearned By Investor's Business Daily Regulation-- A year after Lehman Bros. went bankrupt, Washington plans sweeping new reforms of the financial markets. Based on what's been revealed so far, our leaders have learned nothing from that crisis.
For the purposes of this little exercise, state, local and federal government departments, agencies and programs apply. If the government runs it, and it serves a purpose to the people in some way, it's "socialist."
SEC Botched Madoff Inquiries - That;s A Comfort-: NO QUARTERcame across this story in my daily paper Thursday, and was immediately taken by the title, first of all, but the sheer incompetence demonstrated by the SEC over a number of years, second of all. It is truly staggering.
SEC report shows repeated bungling of Madoff probeWASHINGTON (AP) — The official at the Securities and Exchange Commission who later would marry Bernard Madoff's niece told investigators this year that if he had carefully reviewed a complaint about the disgraced financier's business, he would have investigated more deeply, a n …
Conservatives Never Met A Criminal They Didn't Like - The Madoff Reportexcerpt: ""The U.S.
The SEC was Incompetent, What about FINRA?The investigation into the Madoff Ponzi scheme took another turn with the release of a scathing report of incompetence by the SEC. But, FINRA's role in the Madoff fraud can't be ignored.
No Economic Recovery in Sight: More Financial Chaos AheadNo Economic Recovery in Sight: More Financial Chaos Ahead By Bob Chapman, The International Forecaster (reposted on DProgram.net)
Madoff fraud probes 'a failure'SEC Chairman Mary Schapiro said that an investigation "makes clear that the agency missed numerous opportunities to discover the fraud".
SEC investigation: We missed MadoffThe Securities and Exchange Commission overlooked "more than ample" evidence, including six complaints, that red-flagged the Bernard Madoff Ponzi scheme, an internal watchdog said Wednesday.
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