The Securities and Exchange Commission today charged Canadian pharmaceutical company Biovail Corporation and its former CEO, former CFO, and two current senior executives with engaging in a number of fraudulent accounting schemes and making a series of misstatements to analysts and investors.
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The Securities and Exchange Commission announced today that it has permanently suspended from practicing before the Commission an attorney who took a primary role in his client’s fraud and filed false and misleading documents with the Commission.
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The Securities and Exchange Commission today filed a settled enforcement action against Banc of America Investment Services, Inc. (BAISI) for failing to disclose to clients that in selecting investments for discretionary mutual fund wrap fee accounts, it favored two mutual funds affiliated with BAISI.
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The Securities and Exchange Commission today charged fund manager Fidelity Investments and 13 current or former employees including high-ranking executives for improperly accepting more than $1.6 million in travel, entertainment, and other gifts paid for by outside brokers courting the massive trading business Fidelity generates on behalf of the mutual funds it manages.
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Securities and Exchange Commission Chairman Christopher Cox today announced the launch of a new Internet Web page that enables investors to more easily read, analyze, and compare the information provided by mutual funds related to fund cost, risk, and past performance.
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Securities and Exchange Commissioner Paul Atkins announced today that he intends to leave the SEC following the end of his term. Appointed by President Bush in August 2002 for the first of two terms, he plans to stay until his successor is appointed and takes office.
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Alexander F. Cohen, the current Deputy General Counsel for Legal Policy and Administrative Practice in the Securities and Exchange Commission’s Office of the General Counsel, will be appointed the SEC’s Deputy Chief of Staff effective May 9, 2008.
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The Securities and Exchange Commission has obtained a court order halting a $25 million Ponzi-like scheme that particularly targeted Christian communities nationwide.
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The Securities and Exchange Commission today charged Birmingham Mayor Larry Langford and two of his friends in connection with undisclosed payments to Langford related to municipal bond offerings and swap agreement transactions Langford directed on behalf of Jefferson County, Ala.
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The staff of the Securities and Exchange Commission today issued the following answers to frequently asked questions from investors regarding The Bear Stearns Companies, Inc. (Bear Stearns).
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