The Securities and Exchange Commission today charged New Hampshire-based Pax World Management Corp. with violating investment restrictions in socially responsible mutual funds that investors were told would not contain securities issued by companies involved with producing weapons, alcohol, tobacco or gambling products.
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The Securities and Exchange Commission today filed an emergency action to freeze the assets of one or more unknown purchasers of the call options for the common stock of DRS Technologies, Inc. and American Power Conversion Corp., alleging that they reaped more than $3 million in profits by engaging in illegal insider trading through an account with UBS AG prior to public announcements related to acquisitions of those companies.
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The Securities and Exchange Commission announced today that it has reopened the public comment period on a proposal intended to improve mutual fund disclosure, in order to allow comments on the results of investor testing.
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The Securities and Exchange Commission today filed fraud charges and obtained an emergency court order to stop a Hillsborough, Calif., investment adviser who is alleged to have misappropriated more than $20 million from investors who were falsely promised that their money would be invested in the stock market.
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Luis A. Aguilar was sworn in today as a Commissioner of the Securities and Exchange Commission.
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The Securities and Exchange Commission today voted unanimously to provide new guidance to public companies about how to comply with the securities laws while developing their Web sites to serve as an effective means for disseminating important information to investors.
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The Securities and Exchange Commission announced today that Dr. Zoe-Vonna Palmrose will return to the University of Southern California as a Professor of Accounting in the Marshall School of Business and Leventhal School of Accounting, concluding her two years of successful public service as the agency’s Deputy Chief Accountant for Professional Practice.
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The Securities and Exchange Commission announced today that Jonathan W. Burks, Director of the Office of Legislative and Intergovernmental Affairs, will leave the SEC on Aug. 1, 2008, to pursue graduate studies. Mr. Burks, who holds a bachelor’s degree from the Georgetown University School of Foreign Service, has enrolled in the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University.
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The Securities and Exchange Commission today announced that the Federal Home Loan Mortgage Corporation (Freddie Mac) has voluntarily registered its common stock under the Securities Exchange Act of 1934 and is now subject to the Act’s periodic and current reporting requirements.
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The Securities and Exchange Commission announced today that Meridith Mitchell has been named the agency’s Deputy General Counsel for Legal Policy and Administrative Practice.
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