A fight between the “watcher” and those “being watched” is currently underway within the U.S. Securities and Exchange Commission (SEC) The battle is over the future of the Public Company Accounting Oversight Board (PCAOB) and […]
SEC
Smith And Wesson Shares Plummet After Obama Sics SEC On Them
Shares for gun manufacturer Smith & Wesson have fallen off dramatically after it was announced that federal regulators will conduct an investigation into the financial disclosures of the company. Shares for Smith & Wesson had […]
Apple CEO Tim Cook May Have Violated SEC Rules In This Morning’s Market Panic
As smartphone maker Apple Corp.’s stock was plummeting this morning, losing a staggering $75 billion in market cap, and dipping to $92 pershare, CNBC’s Jim Cramer stunned the TV audience by pulling a private email […]
Brazilian Oil Company Petrobras Will Be Hit With Record Breaking Corruption Penalties
Brazilian oil giant Petroleo Brasileiro SA (Petrobras) could be facing penalties of $1.6 billion to settle corruption charges uncovered during U.S. civil and criminal investigations. According to an unidentified official source who has been briefed […]
Citigroup Fined Again, This Time For Lying To Hedge Fund Investors
Two Citigroup Inc. associates will pay $179.5 million to determine federal regulators’ charges of confusing investors in hedge funds that collapsed. On Monday, the Securities and Exchange Commission publicly declared the resolution with Citigroup Alternative […]
Researchers Find New SEC Pay Gap Rules Are Easy To Game
Academics and union activists have been carefully researching how companies can get around new rules imposed last week by the U.S Government which public companies to show how much more their top executives earn than […]
SEC Admits Its Powerless To Curb Stock Buyback Fraud
The Securities and Exchange Commission (SEC) has admitted it has no intention or ability to enforce rules designed to prevent manipulation of the market when companies buy back their own stocks according to its chair […]
Feds Bust Hedge Fund For Stealing Inside Information By Hacking Companies
In a first for the United States government, federal prosecutors have brought a criminal case against defendants alleging a securities fraud scheme involving illegally hacked inside information. Prosecutors in Brooklyn, New York have charged nine […]
SEC Launches Investigation Into Black Market For Tech Company Shares
The U.S. Securities and Exchange Commission (SEC) has launched a probe into the burgeoning “black market” of hot, privately held tech stock. The SEC investigation comes after the regulator observed a recent boom in the […]
Securities and Exchange Commission Will Allow Companies To Raise Money Via Twitter
The U.S. Securities and Exchange Commission’s (SEC) social media phobia appears to be letting up as news emerged this week it will allow startups looking to raise up to $50 million to post tweets about […]