The SEC sought to dismiss the civil charges against Jordan Peixoto because two crucial witnesses were not available for the trial.» Read More
The Bush administration rejected a Securities and Exchange Commission recommendation in a key Supreme Court case and did not support shareholders suing Wall Street banks for damages over Enron's collapse.
U.S. securities regulators are planning to fine Nortel Networks up to $100 million for accounting fraud, Bloomberg reported on its Web site on Friday.
IBM misled investors by overestimating the impact of stock-based compensation expenses on quarterly earnings in 2005, the U.S. Securities and Exchange Commission said.
There is a multibillion-dollar gap between what public companies book as expenses for their executives' stock options and what they report to the IRS under two different sets of rules, according to Senate investigators and a key senator who is seeking to change the reporting system.
In court documents filed in New York, the SEC alleged that Barclays and Steven Landzberg, the former head proprietary trader for Barclays' U.S. distressed debt desk, illegally traded millions of dollars of bond securities between March 2002 and September 2003.
The U.S. securities regulator is probing whether two Dow Chemical executives engaged in unauthorized talks to sell the company, according to a source close to the matter.
General Motors said that U.S. government officials have requested documents relating to its accounting of derivatives and said its exposure to bankrupt auto parts maker Delphi was probably $7 billion.
Hewlett-Packard should have disclosed the reason one of its directors resigned in the midst of the company's boardroom spying scandal last year, federal regulators said Wednesday.
The U.S. Securities and Exchange Commission approved new guidance to help companies comply with what critics say is a burdensome and costly provision of the Sarbanes-Oxley corporate reform law.
The effort to require hedge funds to register just doesn't die. After the court struck down the Securities and Exchange Commission's mandate to require registration, Sen. Charles Grassley picked up the torch. But Senator, consider the comments of the US Attorney for the State of Connecticut.
Two funds are leading a charge to overturn the rules that require them to file quarterly holdings information, maintaining that such disclosures are trade secrets.
Securities and Exchange Commission Chairman Christopher Cox said he has ordered the creation of a new office that will work full-time to return funds to investors harmed by stock fraud.
Apple's annual shareholder meeting was short on news, but long on drama with several investors grilling the Apple directors who did show up with questions about the stock options backdating scandal.Apple's entire directors' slate was re-elected, as expected. None of the shareholder resolutions passed, as expected.The fireworks and interesting nuggets came during the shareholder question-and-answer session.This is the first paragraph/short story.
Thursday of this week will be an unusual day for the world of tech. Both Apple and Google will each hold their annual shareholders meetings within ten miles and a few hours of each other. Tech's top two names will speak directly to their shareholders, yet the meetings may have decidedly different tones.
U.S. regulators accused a husband and wife in Hong Kong of insider trading stemming from their purchases of Dow Jones shares prior to News Corp.'s $5 billion takeover bid.
The U.S. Securities and Exchange Commission on Thursday charged a Wall Street investment banker with leaking confidential information about pending merger agreements, including a deal involving Texas utility giant TXU Corp.
Beazer Homes USA said the U.S. SEC is conducting an informal inquiry to determine if the company or its employees had violated securities laws.
A.G. Edwards agreed to pay $3.86 million to settle charges that the firm failed to supervise brokers engaged in market timing of mutual funds, the U.S. Securities and Exchange Commission said.
So, as expected, Bristol-Myers Squibb posted its SEC filing with the employment terms for new CEO Jim Cornelius last Friday evening. On a conference call with reporters on Thursday, The New York Times' Stephanie Saul asked Chairman Jim Robinson if the drug company would continue paying $25,000 a month for Cornelius' Manhattan pad. He responded by saying that the terms of his employment would be disclosed in the SEC filing the following day but added, "I think you'll be pleased."
Robert Grady, managing director at the Carlyle Group, told CNBC’s “Morning Call” that Sarbanes-Oxley imposes unreasonable costs on small companies that may delay their decision to go public. But David Ruder, professor of law at Northwestern University and former SEC chairman, disagreed. “I think the internal control provisions under Section 404 are absolutely crucial to the management of and honesty of our businesses,” Ruder said.