Content Tagged As sec
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SEC says some documents on big banks likely tossed
September 14, 2011 8:52 PM
WASHINGTON (AP) - The Securities and Exchange Commission has acknowledged that some documents from preliminary investigations of major banks and convicted swindler Bernard Madoff likely were destroyed under a former agency policy. The SEC's enforcement chief made the disclosure in a letter Wednesday to Sen. Charles Grassley, R-Iowa. Grassley... more » -
Texas A&M appears headed to the SEC
August 14, 2011 1:52 AM
AQThe New York Times is reporting that the Southeastern Conference presidents will meet Sunday to discuss Texas A&M's admission to the league. A person with knowledge of the situation confirms to The Associated Press that the meeting will be held in Atlanta. The person spoke on condition of anonymity because... more » -
Scams may target $3.4B Indian settlement
July 29, 2011 7:10 PM
HELENA, Mont. (AP) - The Securities and Exchange Commission is warning that scammers could target Native American beneficiaries of $3.4 billion government settlement. U.S. District Judge Thomas Hogan on Wednesday gave final approval to the settlement, meant to compensate for more than a century of federal government mismanagement of Native... more » -
Ex-Qwest CEO seeks to move SEC trial out of Denver
July 23, 2010 9:22 AM
Former Qwest CEO Joe Nacchio is asking if a trial on a civil complaint filed by the Securities and Exchange Commission can be held in Kansas instead of Denver. The SEC complaint alleges Nacchio and other former Qwest executives misled investors. Nacchio's lawyers said in documents filed in federal... more » -
SEC probing stock market plunge
May 7, 2010 11:35 AM
The U.S. Securities and Exchange Commission has launched an investigation into Thursday's stock market plunge, a source familiar with the matter said Friday. President Barack Obama said Friday that the regulatory authorities were looking into the stunning market gyrations Thursday and would report in their findings. On Thursday,... more » -
Goldman Sachs to pay $450,000
May 4, 2010 3:57 PM
Goldman Sachs has agreed to pay $450,000 to settle regulators' allegations that it violated a rule related to short-selling of stocks in 2008-2009. The banking company did not admit or deny wrongdoing in paying the civil penalties in agreements with the Securities and Exchange Commission and the New York... more » -
SEC puts new curbs on short-selling
February 24, 2010 11:59 AM
Federal regulators have imposed new curbs on the practice of short-selling, hoping to prevent spiraling selling sprees in a stock that can stoke market turmoil. A divided Securities and Exchange Commission voted 3-2 Wednesday to adopt new rules. The rules put in a so-called circuit breaker for stock prices,... more » -
Toyota receives grand jury subpoena for documents
February 22, 2010 2:29 PM
Toyota says it has received a subpoena from a U.S. federal grand jury, indicating that a criminal investigation of its safety problems has begun. The Japanese automaker says the documents being sought are related to unintended acceleration in its vehicles and the braking system of its Prius hybrid. ... more » -
Broader disclosure on executive pay required
December 16, 2009 8:48 AM
The Securities and Exchange Commission is meeting this morning to adopt expanded disclosure rules for compensation at all public companies. The rules include information on how a company's pay policies might encourage too much risk-taking. SEC officials have said they want the new rules to be in place by spring,... more »
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