Government Agencies SEC


  • Roel C. Campos, a member of the Securities and Exchange Commission, announced Thursday that he will leave the agency next month, about three years before his second term expires.

  • Former Brocade CEO Gregory Reyes

    A day after former Brocade CEO Gregory Reyes was found guilty on all 10 securities fraud charges brought against him, dozens of Silicon Valley executives--and hundreds of executives nationwide--faced with the same allegations, will have to re-think their defense strategies. The sweeping verdict in the first-of-its-kind criminal case for the U.S. Justice Department sent a seismic ripple through this region yesterday.

  • The SEC mishandled an investigation of suspicious hedge fund trading that led to the 2005 firing of an SEC attorney, a U.S. Senate report says. The report from the Senate Finance and Senate Judiciary committees, released late on Friday, ends a yearlong inquiry into the dismissal of former SEC staffer Gary Aguirre.

  • beazer_logo_AP.jpg

    One rumor on the floor that Beazer might be in trouble and -- boom -- the whole sector drops like a brick. I run around calling all the analysts I know, and one by one they say it's all unfounded -- yeah, Beazer has some issues with litigation and its lending practices, and there's that SEC investigation that was announced as "formal" last week, but overall they're in no worse position than any of the other beleaguered home builders. Their stock may be, but the company isn't.

  • Cardinal Health

    Cardinal Health has agreed to pay $35 million to settle charges that it engaged in nearly a four-year fraudulent revenue and earnings scheme, the U.S. Securities and Exchange Commission said on Thursday.

  • The U.S. Securities and Exchange Commission said on Wednesday that it has charged the former chief executive of KLA-Tencor with fraud for his involvement in a stock options backdating scheme.

  • The U.S. Securities and Exchange Commission took a step Wednesday toward considering whether U.S. companies could file their financial data using international accounting standards.

  • Federal regulators are debating proposals related to shareholders gaining access to company ballots. One plan, setting a minimum level of stock ownership for the investors to get that access, has already stirred opposition from shareholder activist groups.

  • Target

    As we told you here on this blog last week, Pershing Square Capital Management upped its stake in Target beyond +5%. Per the SEC regulatory filing made Monday, Bill Ackman increased his stake in TGT to 9.6% of shares outstanding.

  • Whole Foods Market said Tuesday the U.S. Securities and Exchange Commission is conducting an inquiry into Web postings involving the company, whose chief executive apologized to shareholders for his anonymous posts on financial message boards.

  • Federal regulators have undertaken an informal investigation in the anonymous online postings of John Mackey, the chief executive of Whole Foods Market, some of which denigrated a smaller rival grocery chain and that raise novel questions for securities watchdogs.

  • The former chairman of defense contractor Engineered Support Systems and his son were charged with stock options fraud on Thursday in a widening U.S. securities investigation.

  • Ivan Boesky

    Every deal worth a headline these days is inevitably followed by the discovery of unusual options activity. In fact, it's become so routine that when news of a deal crosses, all I have to do is pick up the phone, call an options trader, determine how abnormal the trading activity was in the days prior to the deal, and BOOM! I've got a story. Unusual options trading pre-mega deal is definitely not unusual.

  • Bear Stearns' hiring of former Lehman Asset management chief Jeff Lane comes as the Securities and Exchange Commission ramps up its scrutiny of the firm's troubled subprime hedge funds that have sent jitters through the markets in recent weeks, CNBC has learned.

  • The U.S. Securities and Exchange Commission has opened 12 enforcement investigations into matters surrounding collateralized debt obligations (CDO), the agency's leader told a Congressional panel.

  • All five commissioners of the U.S. Securities and Exchange Commission are to appear Tuesday at a Congressional hearing that is expected to explore hedge fund activities, access to corporate proxy statements and so-called soft-dollar arrangements.

  • Blackstone's IPO has renewed debate over the so-called quiet period--when the company issuing stock is subject to SEC restrictions on public statements.  Andy Thorpe, associate from Morrison & Foerster, and Brian Lane, partner from Gibson, Dunn & Crutcher discussed on "Morning Call" whether quiet period rules should be eliminated.

  • Powerful House Democrats on Friday proposed increasing the tax burden on managers of hedge funds and private-equity firms, racheting up the debate on expanding the government's tax grip on Wall Street

  • Blackstone Group stock closed around $35 after its debut on the New York Stock Exchange.

  • The IPO of private equity powerhouse Blackstone Group was set at $31 a share Thursday night, amid what was described as avid interest in the initial public offering.